TWO ATTORNEYS AMONG FOUR DEFENDANT S INDICTED IN TWO SEPARATE MORTGAGE FRAUD SCHEMES INVOLVING SOUTH SIDE PROPERTIES

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    By Illinois RealEstateRama -

    CHICAGO, IL – June 5, 2013 – (RealEstateRama) — Two attorneys are among four defendants who have been indicted in two separate mortgage fraud cases, federal law enforcement officials announced today. In one case, an attorney, a real estate investor, and a loan originator were charged with allegedly participating in a scheme to fraudulently obtain at least five residential mortgage loans totaling approximately $1.5 million from various lenders. In the second case, an attorney was charged with allegedly participating in a scheme to fraudulently obtain at least 12 residential mortgage loans totaling nearly $3.75 million from various lenders.

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