Arizona Is Trying To Raid Mortgage Fraud Settlement Of $50 Million May 9, 2012
Posted by jefhenninger in News.Tags: Fraud, Mortgage Fraud, mortgage fraud settlement
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The state of Arizona received $1.6 Billion from five mortgage lenders who settled their claim that they acted illegally in dealing with new homeowners. The majority of these funds are supposed to go to Arizona homeowners who are under water. However the new budget for the year has directed $50 million of these funds to go to the state coffers to balance the budget.
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