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Real estate agent loses licence, fined 5k over mortgage ramping scheme

2015-02-19 02:18:30| Real Estate - Topix.net

An Auckland real estate agent who was knowingly involved in a mortgage ramping scheme has had her licence cancelled and been fined $5000. The first was for allowing a fraudulent loan application to be made in her name for the purchase of a New Lynn property and the second was for listing and selling three other properties - in Sunnyhills, One Tree Hill and Onehunga - on more than one occasion each, knowing she was doing so to facilitate a fraudulent mortgage scheme.

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