San Diego short sale

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Monday, July 21, 2008

Fraud at Indymac - a more ammo for California's homeowners looking to walk away or dispute their debts

Free Preview - WSJ.com
IndyMac Is Included In FBI Fraud Inquiry
By Gary Fields and John R. Wilke
Word Count: 319 | Companies Featured in This Article: Bank of America

WASHINGTON -- Failed lender IndyMac Bank is among nearly two dozen banks under scrutiny by the Federal Bureau of Investigation for possible mortgage fraud, U.S. officials said.

The big Pasadena, Calif., bank was seized by regulators last week, the third-largest bank failure in U.S. history. It specialized in home loans to borrowers who lacked full documentation for their income or assets and have a ...


This may provide More fuel for sellers looking to dispute their debts