Illinois Feds Indict Realtor In Mortgage Fraud

The Rockford Register Star reports:

• "A 41-year-old Caledonia man was charged in federal court Tuesday with doctoring documents so borrowers could receive commercial and Federal Housing Administration-insured loans to boost his own real estate commissions. Raymond S. Talan is facing two counts of interstate carrier fraud, five counts of wire fraud and three counts of making false statements to a federal agency."

Talan is a member of the Rockford (Illinois) Area Association of Realtors and affiliated with RE/MAX Property Source of Rockford. For more, see Realtor charged with mortgage fraud.