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Mortgage Suit Says ‘Trust Us’ Led to Fleecing

Date: September 28, 2006
Authors: John Leland and Tom Zeller Jr.
QUOTE: The civil lawsuit, filed in June by one of the nation’s largest mortgage lenders, describes an elaborate confidence game in which Martinsville residents with good credit ratings were enlisted last year to join what they believed was a risk-free investment in Indiana real estate. Instead, they found themselves responsible for hundreds of thousands of dollars in unpaid mortgages.

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