Articles About Finance And Refinancing

Lindsey Hunter & Allegations of Mortgage Fraud: Unraveled by Ralph R. Roberts

Detroit, MI (PRWEB) August 29, 2008 -- Ralph R. Roberts, a nationally known real estate and mortgage fraud forensic analyst and the co-author of "Protect Yourself from Real Estate and Mortgage Fraud: Preserving the American Dream of Homeownership" (Kaplan), is available to talk with the media about the recent mortgage fraud allegations involving Detroit Pistons' basketball player Lindsey Hunter, as reported already by Crain's Detroit Business and the Detroit Free Press.

Roberts -- who is one of the world's foremost experts on spotting and preventing real estate and mortgage fraud -- was the first person to alert local and federal authorities to Bruce McClellan's claims of being defrauded by a scheme that involved Hunter and his company, L&I Enterprises, LLC.

"I audit hundreds of real estate files every year, and this file takes the cake," says Roberts, who runs the popular real estate fraud awareness and prevention blog Flipping Frenzy (http://www.FlippingFrenzy.com). "If anyone is looking for a trademark signature of mortgage fraud, I think they'll find it in what has already been reported by Crain's Detroit Business and the Detroit Free Press. From fabrication of Bruce McClellan's assets and making outrageous claims about McClellan's guaranteed return on his investment, to making no real attempt to sell the investment property and taking cash back at closing, here--as reported by Crain's Detroit Business and the Detroit Free Press--we have what appears to be a very questionable situation."

As first reported by Crain's Detroit Business (with Roberts' help), the Federal Bureau of Investigation (FBI) and Wayne County (MI) Register of Deeds' mortgage-fraud task force are now investigating the allegations, which involves claims of Lindsey Hunter's company directly involved with the unlawful flipping of houses.

During the housing boom, flipping houses was almost a national pastime. Shows like Flip This House, Flipping Out, and Flip That House attracted huge viewing audiences because of the high success rate of the investment strategies involved. Today, however, if you mention house flipping to a law enforcement professional, they are likely to think that you are talking about committing a crime. To them, the word "flip" is a four-letter word. HUD (the U.S. Department of Housing and Urban Development) declared it so when it released its FR (Final Rule)-4615 Prohibition of Property Flipping.

"What Lindsey Hunter's company is under investigation for having done has the potential to ruin lives, destroy neighborhoods, and is quite possibly significantly calculable in our current mortgage meltdown and housing crisis," says Roberts."

If you would like more information about Ralph R. Roberts' involvement in the Lindsey Hunter mortgage fraud situation, or to schedule an interview with Mr. Roberts, please use the contact information below or visit http://www.FlippingFrenzy.com.

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