Florida leads the nation in the amount of mortgage fraud-related activity, according to a report released Monday. Florida had more than $293 million in mortgage fraud in the third quarter, according to FraudBlogger, which noted that some of the states with the most fraud activity also had the most foreclosures. Florida’s mortgage fraud surged $86 million from the second quarter to the third quarter. Nationwide, between July 1 and Sept. 30, there was $1.1 billion in active criminal and civil cases of mortgage fraud, down from $1.7 billion in the second quarter and $1.2 billion during the third quarter of last year.
Please click on the link below to read the complete South Florida Business Journal article:
http://www.bizjournals.com/southflorida/stories/2008/10/27/daily5.html?f=et81&ana=e_du
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