Monday, June 30, 2008

Rising Mortgage Fraud in Hawaii

The 808housing blog points out that mortgage fraud on the islands is even higher than on the U.S. mainland.
According to the Honolulu Advertiser article, the combination of lax standards coupled with the high cost of living in Hawaii have led an increase in bogus mortgage schemes. In fact, Hawaii is outpacing the majority of Mainland markets that deal with similar mortgage fraud schemes.

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