The Real Estate Wonk: Metropolitan Money Store victims speak out - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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June 14, 2008

Metropolitan Money Store victims speak out

If you've been following the Metropolitan Money Store scam, you know that seven people were arrested this week on charges that (as Nick Madigan reports today) "they bilked more than 100 homeowners in a mortgage fraud scheme that netted more than $35 million and that cost many of its victims their homes."

Read his story for what some of the victims have to say, including Nadine Bostic of Elkridge:

"They hurt a lot of people," said Bostic, who is a plaintiff in a class-action civil suit against some of the federal defendants. "I never thought I'd ever say I wanted someone to be in jail, but I do. They need to be put underneath the jail. Not on top, not inside - underneath."

Posted by Jamie Smith Hopkins at 10:12 AM | Permalink | Comments (1)

Comments

being a home owner who @ times find it hard to make my morgage payment find it sad to see such greed

Posted by: vivian moore | July 5, 2008 10:18 PM

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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