An 'Air Loan' is a sophisticated mortgage fraud scheme wherein a mortgage broker fabricates all the details of a loan on non-existent property and borrower, presenting false documentation to make it appear legitimate.
Blockbusting is a racially discriminatory and illegal practice involving coercing a homeowner to sell their property at a depressed price and causing others in the neighborhood to sell by using scare tactics.
Foreclosure schemes involve deceiving homeowners who are at risk of defaulting on their mortgage loans into transferring their deeds and paying fees under falsified pretenses that the shyster will save their homes from foreclosure. The fraud involves the shyster profiting while leaving the loans unpaid.
