North Carolina Modular Home Dealer Fined $1 Million For Fraudulently Financed Home Sales

The now-defunct CMR Properties and Home Finance Group of Fayetteville, North Carolina has been court-ordered to pay fines and penalties of approximately $1 million in connection with legal action brought by the state Attorney General's office, where the company was alleged to have misled dozens of families, many of whom had less than perfect credit, into buying modular homes they couldn't afford and falsified loan application and appraisal forms, according to WTVD Channel 11 (Raleigh - Durham - Fayetteville) on their website at abc11tv.com.

The fallout of the scam includes homeowners either facing foreclosure or stuck with making house payments on a home they can't sell or refinance.

For the full story, including the Channel 11 video report, see Home Dealer Ordered to Pay.
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