Real Estate Crime Unit Formed In Brooklyn, New York
Real estate crime was endemic across the country when prices were running up in the middle of this decade. The lack of focus by law enforcement created the situations that criminals just jumped in and started stealing homes. By either forging documents and refinancing or creating false values, there was a great deal of fraud and theft.
Now in high foreclosure areas such as Brooklyn, New York, there is an active effort by governments to start prosecuting the criminals.
I say go for it
The need for such an office has been building, Mr. Hynes said, announcing the new unit on Friday. As foreclosure rates have sharply risen in central Brooklyn neighborhoods like Bedford-Stuyvesant, Mr. Hynes’s office, with limited resources, has been forced to turn down real estate investigations, and instead has referred victims to civil court or relied on federal prosecutors, who generally concentrate on larger schemes.
Mr. Hynes said the new 12-member unit would be financed for two years with $875,000 in federal money and would help people like Levi Latham, 75, a Brooklyn retiree whose house was, in effect, stolen by a woman who took Mr. Latham’s personal information, a prosecutor said. After executing and recording a false deed, the woman is now listed as the owner of the house. via NYTimes.com
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Comment by Kiersten54 on 10 March 2009:
This is sad, local government and law enforcement should be aggressive.