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ORLANDO, Fla. – June 12, 2008 – Eminent domain law, traditionally somewhat sedate, generated an earthquake in 2005 with the U.S. Supreme Court’s decision in the Kelo v. City of New London case. The court ruled that the city of New London could use eminent domain to take private land because the land was to be used for a ...
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MORTGAGE FRAUD
Reports of suspected mortgage fraud rose 42 percent last year, and U.S. banks now take a much closer look at loan applications. The most common type of fraud: misrepresentation of income or assets followed by forged documents, misrepresentation of a borrowers' intent to occupy a property, and inflated appraisals.
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