One Of Australia's Biggest Banks Caught Committing Mortgage Fraud On Elderly Couple
It seems mortgage fraud is still a part of the banker's normal course of business.
An elderly couple in Australia was wiped out after a door-to-ddor salesman lured them into an arrangement that was wrought with fraud.
The couple got a mortgage on a unit that was $160,000 over the true value. They eventually sold the unit for $290,000 leaving them with a $200,000 loss.
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