Colorado Neighborhood Recovering From Effects Of Mortgage Fraud

A recent article in the Denver Post at DenverPost.com tells the story of the Villas at Cherry Creek, a 100 home community in Aurora, Colorado, that is now recovering from the ill-effects of a "straw buyer", "cash back" mortgage fraud scam conducted by an organized group that resulted in mass foreclosures. The scam began about two years ago and eight people have pleaded guilty to federal crimes.

Next month, on the day five of the group members are scheduled for sentencing, neighborhood residents are planning a victory party to celebrate getting their community back.

To read more, see Villas close on better future.
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