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A Distressing Idea: Faking a Need for Mortgage Relief
Posted by scottc under General Media on Fraud at 8:44:39 PM
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Sunday, December 21, 2008 | By Knight Kiplinger | Washington Post
One of Kiplingers readers says that at a recent party, many friends and neighbors are planning on going 90-days late to re-negotiate their mortgages. (All say they are upside-down.) Here is Kiplinger's closing sentence:
It will be difficult for the administrators of these programs to distinguish real hardship from chiseling, but I hope they can.
OK, we know how the administrators might identify the chiselers, but what crime should they be charged with and what should the consequences be?
Read the whole column at the Washington Post's web site.
http://www.washingtonpost.com/wp-dyn/content/article/2008/12/20/AR2008122000082.html
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