Lying on real estate forms can get you into big trouble. A Florida couple who discovered a sinkhole under their home, pocketed a $153,000 insurance payment without fixing it, then sold the home without disclosing the defect to the unwitting buyers, has been convicted of wire fraud by a federal jury and could get up to 20 years in prison. Read the story here.
Photo: This house isn’t fit to live in, and the buyers are stuck with a mortgage payment and paying rent for alternative housing. The couple who defrauded them moved into a house down the street, but now will be moving into new digs themselves — a place with concrete floors, walls, ceilings, and steel doors.