Real estate fraud rises in US | csmonitor.com

Real estate fraud rises in US csmonitor.com: "The Internal Revenue Service's criminal case numbers in mortgage fraud have been doubling every two years through the first half of this decade. If the downturn continues past 2007, experts say the implications for the economy could be dire.'Real estate fraud is going to make the S&L crash look like two cars in the parking lot that bumped into each other at five miles an hour,' predicts Ralph Roberts, the author of 'Flipping Houses for Dummies,' in Warren, Mich. Georgia is a major hot spot of mortgage fraud, where metro Atlanta has become known as the mortgage fraud capital of the US, according to rankings by Fannie Mae."