|This north Minneapolis house was one of the properties featured in a 2006 fraud scam.|
Minnesota is either the second-best or second-worst place to hatch your mortgage fraud scam.
The Mortgage Fraud Index came out yesterday morning and ranked Minnesota second-highest in the country for incidence of mortgage fraud.
But a closer look at the data suggests we're not overrun by hucksters. In fact, the state's high rating might be the result of its willingness to prosecute con artists. The index ranks states based not by the total number of frauds, but on the number of criminal charges and civil complaints filed against fraudsters.
Hennepin County Attorney Mike Freeman tells City Pages his office devotes considerable resources to fighting mortgage fraud.
"One of the reasons our numbers are high is because it's a priority of mine to go after these cases big-time," he says. As of June, Hennepin County attorneys have filed 52 cases against 66 defendants in the past year.More »