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Tag: Real Estate Mortgage Investment Conduits

REMICS – The New Vehicle for Banks to Defraud Taxpayers

Thu May 5, 2011 by on Florida Law News

As Florida real estate slowly pulls itself out of the foreclosure fraud files; there is finally a government agency standing up to the bully of banks! The IRS. Last week, Reuters News Service published an exclusive article exposing yet another way the banks have been defrauding taxpayers. This time it wasn’t directly through improper lending practices, robo-signing or bad assignments […]

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