Lindsey Hunter & Mortgage Fraud: Unraveled by Ralph R. Roberts

Leading real estate and mortgage fraud forensic analyst was the first to
report the facts to local and federal authorities

DETROIT, Aug. 27 /PRNewswire/ -- Ralph R. Roberts, a nationally known real
estate and mortgage fraud forensic analyst and the co-author of "Protect
Yourself from Real Estate and Mortgage Fraud: Preserving the American Dream of
Homeownership" (Kaplan), is available to talk with the media about the recent
mortgage fraud allegations involving Detroit Pistons' basketball player
Lindsey Hunter.
Roberts -- who is one of the world's foremost experts on spotting and
preventing real estate and mortgage fraud -- was the first person to alert
local and federal authorities to Bruce McClellan's claims of being defrauded
by a scheme that involved Hunter and his company, L&I Enterprises, LLC.
"I audit hundreds of real estate files every year, and this file takes the
cake," says Roberts, who runs the popular real estate fraud awareness and
prevention blog http://www.FlippingFrenzy.com. "If anyone is looking for a
trademark signature of mortgage fraud, I think they'll find it here. From
fabrication of Bruce McClellan's assets and making outrageous claims about
McClellan's guaranteed return on his investment, to making no real attempt to
sell the investment property and taking cash back at closing, here we have
what appears to be knowingly committed mortgage fraud."
As first reported by Crain's Detroit Business (with Roberts' help), the
Federal Bureau of Investigation (FBI) and Wayne County (MI) Register of Deeds'
mortgage-fraud task force are now investigating the allegations, which
involves claims of Lindsey Hunter's company directly involved with the
unlawful flipping of houses.
During the housing boom, flipping houses was almost a national pastime.
Shows like Flip This House, Flipping Out, and Flip That House attracted huge
viewing audiences because of the high success rate of the investment
strategies involved. Today, however, if you mention house flipping to a law
enforcement professional, they are likely to think that you are talking about
committing a crime. To them, the word "flip" is a four-letter word. HUD (the
U.S. Department of Housing and Urban Development) declared it so when it
released its FR (Final Rule)-4615 Prohibition of Property Flipping.
"What Lindsey Hunter's company is under investigation for having done
ruins lives, destroys neighborhoods, and is calculable in our current mortgage
meltdown and housing crisis," says Roberts. "People generally do not commit
real estate or mortgage fraud for the sheer joy of ripping off the system,
although in Lindsey Hunter's case -- with all the benefits he receives by
virtue of playing in the NBA -- if he did it -- then that would appear to be
the primary motivation."

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Ralph Roberts
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SOURCE Lois Maljak

Lois Maljak, +1-586-751-0000, +1-810-533-3448, LoisMaljak@RalphRoberts.com