Form of Real Estate Fraud Known As Flipping Hearing Before the Committee on Appropriations, U.S. Senate

Summary: Hearing on the criminal real estate practice called flipping, where the poor are gouged by scam artists, & taxpayers are defrauded by the gaming of the system, therefore causing taxpayers to pick up FHA loans, & neighborhoods are destroyed. Witnesses: C. Adams & D. Simon, victims of flipping; K. Strong, SE Comm. Org.; E. Rutkowski, Patterson Park Comm. Dev't. Corp.; N. Washington & M. Wonson, ACORN; V. Quayle, St. Am...brose Hous. Aid Ctr.; L. Battaglia, U.S. Att. for MD; R. Mosquera, FBI; J. Rowan, Jr., Postal Inspect. Serv.; C. Krysiak, M. McIntosh, & S. Rosenberg, MD House of Del.; & state. by: Greater Balt. Brd. of Realtors & of E. Skolnick, Nat. Comm. Reinvest. Coalition. [read more]