More Charges for Anthony Garvin of Jersey City in Mortgage Fraud Scheme
In the years leading up to the 2008 financial crisis, there was a growing segment of the real estate investors that focused solely on undervalued properties. This style of investing is best summed up in the phrase, “Buy the worst house in the best neighborhood.” The investors then would renovate the home, or flip the house, and sell the property for a profit. Anthony Garvin, a 49-year-old from Jersey City, used the idea of flipping houses to supposedly generate a multimillion-dollar mortgage fraud scheme. Anthony Garvin was charged last Tuesday. … Read more
