We speak of the low-lifes who prey on poor and vulnerable homeowners, getting them to take out loans they can't afford or using scams to steal their house deeds.
The beefing up of the D.A.'s Rackets unit is being funded by the feds.
Hynes's office announced that "the King’s County District Attorney’s Office has been awarded $875,000 for the creation of a Real Estate Fraud Unit through the 2009 Omnibus Appropriations Act."
The D.A.'s press released added, "The new unit will address the recent flood of mortgage fraud cases across Brooklyn that are plaguing homeowners in the borough."
The Unit will have a Unit Chief, four attorneys, five financial investigators, one detective investigator and one paralegal, who will focus exclusively on cases involving real estate crimes, Hynes's office said. (See press release.)