Fraud wraps insurer, sellers, agent in breach of contract suit

A fraud scheme involving multiple units of residential property in Chicago led the lender victim to sue the title insurer, sellers and title agent involved for breach of contract. The scheme involved at least three loans the lender, Fifth Third Mortgage Co., issued. After discovering the fraud, Freddie Mac demanded Fifth Third buy back the loans. Fifth third sued to recover damages from the defendants. Read on for the details.