From Brian Davies COMMENTS ON CALIFORNIA MELLO ROOS FRAUDS PERPETRATED BY LENNAR, RYAND, SUNCAL. THE BUILDERS AND SUNCAL THE DEVELOPER FUNDED BY LEHMAN BROTHERS GOT THE APPRAISER (IN THE 990 PAGE MELLO ROOS DOCUMENT ATTACHED) TO SAY THAT A RECENTLY SOLD DEVELOPMENT WAS WORTH $81 MILLION. THIS APPRAISER FRAUD WAS BASED ON SALES PRICES TO […]

Tags: appraisal fraud, APPRAISER FRAUD, CALIFORNIA, Lehman Brothers
Posted in bubble, Corruption, Eviction, securities fraud |