Thursday, March 6, 2008
Mortgage fraud complaints sparks investigation
"The Solicitors Regulatory Authority (SRA), the body that regulates the legal profession in England and Wales, is investigating up to 60 lawyers on suspicion of mortgage fraud. The crackdown comes after the regulator saw a substantial rise in the number of reports concerning specific solicitors suspected of mortgage fraud. Last year the SRA received 293 such reports, up from 85 in 2004." I hope this puts an end to the false valuation scams that speculators have been getting away with for so long.