Sen. Charles Schumer, D-N.Y., along with the five New York City District Attorneys, has unveiled The Fighting Real Estate Fraud Act of 2009, a measure to help fight mortgage fraud scams across the country.
The measure earmarks some $100 million in grants for local DA offices nationwide to hire specialized staff, such as forensic accountants, investigators and attorneys.
These fraud units will help protect homeowners from these criminals and ensure that rather than walking away from their crimes, they are prosecuted to the fullest extent of the law, Schumer said.
He added that he expects broad bipartisan support for the bill.
