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Where are the Real Estate investigative reporters? We need more revealing stories like the piece on OCrenter’s blog. http://bubbletracking.blogspot.com/2007/02/fraudera-ranch-its-family-affair.html
What did this person do with the cash out? Did he invest in other properties hoping that they would go up also? If so, was it one bad investment that caused this whole highly leveraged scheme to unravel?
