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Sierra Title and escrow officer in McAllen face federal charges in alleged home-buying fraud

Summary by KVIA
EL PASO, Texas (KVIA) -- Federal records obtained by ABC-7 show a Sierra Title office in McAllen, along with an escrow officer, are accused of a scheme to defraud potential homebuyers. The documents allege that the escrow officer would accept money for down payments and closing costs and sign off on the sales. But oftentimes, the property wasn't for sale, the properties were sold multiple times to different people at the same time, and the docum…
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