More McConville Fraud

Written by Jim the Realtor

April 25, 2009

The U-T found a condo-conversion project having trouble in Linda Vista, as a result of James McConville fraudulent doings. 

Thirty-five of 42 condos are in foreclosure:

http://www3.signonsandiego.com/stories/2009/apr/24/bn25condos23215-linda-vista-condos-tied-alleged-sc/?metro&zIndex=88447

No mention of Kelly and Will from voiceofsandiego.org being the ones that first broke the story, instead, they only reference the previous article by the U-T.

5 Comments

  1. arizonadude

    Absolutely amazing.It is awefully strage how the losses in real estate seem so easily passed onto a bank.Seems like people weasel out of bad deals so easily.Now the banks are trying to make up losses by raising all of our interest rates on credit cards.

  2. Stephen Waits

    @arizonadude – the banks signed up for the deal too. They willingly, even eagerly, took on the risk.

  3. Geotpf

    The bank should have known better than give these loans. But they, like everybody else, were greedy morons.

  4. Dwip

    Yeah, “greedy morons” seems to be the key concept in this fraud.

  5. Kevin

    UT barely mentioned them in the first story they ran. They’re basically scumbags stealing a story.

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