CMB Debunks Alleged Fraudulent Mortgage Home Fraud

Appraisal fraud generally occurs when an appraiser is a part of the fraud scheme. However, homeowners,mortgage brokers or realtors could also participate in an appraisal fraud scheme by digitally editing or otherwise altering a legitimate appraisal. Appraisal fraud can involve improperly obtaining funds from a bank.

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The residents of Pearl Garden Estate and Pearl Nuga Park Estate located at Sangotedo in Lekki/Ajah area of Lagos State have petitioned against the CMB Building Maintenance and Investment Company Ltd to the Economic and Financial Crimes Commission (EFCC) over alleged fraudulent mortgage of some of their homes to secure unapproved bank loans.

The residents of Pearl Garden Estate and Pearl Nuga Park Estate located at Sangotedo in Lekki/Ajah area of Lagos State have petitioned against the CMB Building Maintenance and Investment Company Ltd to the Economic and Financial Crimes Commission (EFCC) over alleged fraudulent mortgage of some of their homes to secure unapproved bank loans.

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2 Myths Holding Back Home Buyers In Realtor.com’s recent article, "Home buyers’ top mortgage fears: Which One Scares You?" they mention that "46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try."

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The business battle between Mr. Kelechukwu Mbagwu of CMB, Pearl Nuga Park Estate and Pearl Garden Estate has gone messier over alleged fraudulent activities perpetrated by the real estate manager in person of Mr. Kelechukwu Mbagwu. According to the report by www.thebbbuzz.com, we gathered that home.