Industry News

Mortgage company sues over alleged inflated appraisals

First Magnus forecloses on 19 homes in Missouri
Published on Oct 9, 2006

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

An Arizona-based mortgage company claims it has been forced to foreclose on 19 homes in the Kansas City, Mo., area because of a scheme involving inflated appraisals, false borrower information and stolen identities. First Magnus Financial Corp. has sued six ...