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ANATOMY OF A REAL ESTATE SCHEME - The Washington Post
www.washingtonpost.com
Ritchie Gaylen, an associate at Bancies, persuaded a Northern Virginia friend of his, Patricia Whiteoak, to act as the buyer at the inflated price. According to land records, she paid $68,900 for the property, and purchased it with a $67,800 FHA-insured loan from Michigan-based Modern Mortgage Corp.
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