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Emilio Carrasquillo is shown in Chicago, July 21, 2010 in front of a home that was used in a mortgage fraud scheme. The house on the 53rd block of South Wood Street in Chicago's Back of the Yards doesn't look like a $355,000 home. There is no front door and most of the windows are boarded up. Public records show it sold in foreclosure for $25,500 in January 2009, then resold for $355,000 in October. In between, a $110,000 mortgage was taken out on the home, supposedly for renovations. This June, the property went back into foreclosure. To Carrasquillo, head of the local office of non-profit lender Neighborhood Housing Services of Chicago (NHS), the numbers don't add up. He believes this is a case of mortgage fraud. Photo taken July 21, 2010. REUTERS/John Gress


4 posted on 08/26/2010 11:52:50 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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Meanwhile..

Mortgage rates hit low of 4.36 percent
http://news.yahoo.com/s/ap/20100826/ap_on_bi_ge/us_mortgage_rates

Unfortunately, you need a thing called a job to qualify..


6 posted on 08/26/2010 11:57:20 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

Whatever led him to that conclusion? \s

Didn’t he see the HUD fraud on the Sopranos?


7 posted on 08/26/2010 11:58:57 AM PDT by rahbert
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