Real Estate & Property Law
Attorney in Federal Wire Fraud Case Allegedly Didn’t ID Buyers at Closings
Posted Feb 24, 2010 4:37 PM CDT
By Martha Neil
A Virginia attorney has been federally charged with wire fraud after allegedly failing to disclose to lenders at real estate closings that third parties were involved in four home sales in 2006.
Court papers made public today in U.S. District Court in Norfolk contend that mortgage lenders lost over $200,000 when the buyers defaulted on the purchases, reports the Virginian-Pilot.
The article doesn't include any comment from the defendant, Virginia Beach attorney Stephen M. Gunther, or his legal counsel.