I’m with ya’, greekfire. Something doesn’t add up here. If a member of our community with no stake in this deal can see the obvious fraud here, how can a lender who is loaning out 3/4 of a million dollars not see it? I’m thinking this loss gets thrown back on the public somehow — possibly in the form of a package of mortgage-backed securities that are then sold to pension funds.

I’d like to know who the lender was for this transaction and what they did with the loan. I would especially like to know if they sold the loan and who the ultimate (bag) holder is.

This type of activity really pisses me off. It distorts the market and keeps honest, hard-working, fiscally responsible folks like ourselves from owning homes because the prices are jacked up beyond all reason through fraudulent activity like this.