6,000+ Rental Units Linked to Convicted Investor Head to Auction

A massive real estate portfolio of over 6,000 rental units tied to convicted investor Eli Silber is set for auction following a multi-million-dollar loan fraud scheme. The properties, located across several states including Michigan, Louisiana, and Pennsylvania, are being sold after Silber defaulted on $20M in loans. Fannie Mae, Freddie Mac, and the FHFA are ramping up efforts to crack down on real estate loan fraud with new underwriting rules. Learn more about the fraud case in this episode!

Topics discussed:

• 00:00 6,000 Units Headed to auction
• 00:34 Locations of Units
• 00:55 Fraud Scheme
• 01:48 Fannie and Freddie’s New Rules 

Source: https://www.bisnow.com/national/news/capital-markets/fannie-mae-fraudsters-6300-unit-portfolio-heads-to-the-auction-block-129009? 

LINKS Download Your Free Top 5 Cities to Invest in 2025 PDF!https://www.realwealth.com/1500 JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1 FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN