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Drop In The Bucket

Real Estate Fraud Expert Ralph Roberts: 'Flipping Frenzy Is Just the Tip of a Billion Dollar Iceberg'

WARREN, Mich., Oct. 25 /PRNewswire/ -- Quick, big profits hidden in complex transactions have made real estate fraud the crime of our time. Real estate fraud has grown to more than $1 billion annually, according to the FBI.
Which sounds awfully serious, doesn't it? Until you realize that the annual residential mortgage market is close to 2.5 trillion dollars.

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