They ought to be publically executed as an object lesson to other mortgage scammers.
The same is said about the Wall Street bankers and fat cat mortgage lenders who knew the bubble was going to burst, yet exploited the FNMA loopholes knowing that Uncle Sam would bail them out.
Which is what happened.
Heh, prior conviction for mortgage fraud.
Here’s how this guy did it.
‘started out with a 300k home with nothing down.’
Borrowed against that home with the 300k loan to buy other houses and start flipping them.
Does this sound like a scammer to you?