According to police, 11 arrests have been made in a first round of suspects involved in mortgage fraud. The 11 arrests, include, brokers, title agents, borrowers and sellers.
What has been happening is that people used stolen identities, false mortgage documents and used fraudulent appraisals. These tactics were used to get loans that totaled two million dollars.
On the first round of arrests, a week ago, federal prosecutors charged 18 people with mortgage fraud that totaled more than $50 million dollars for real estate in South Florida.
For more information on the story, go to, http://www.miamiherald.com/news/breaking_news/story/261515.html
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