Real Estate Transactions

Lawsuit alleges fraud in real estate transactions

Several Baltimore-area homeowners are suing the largest residential real estate team in the state, alleging a "scheme of fraud and misrepresentations" involving home purchases, sales and financing.

The suit, a proposed class action, names the Creig Northrop Team, Long & Foster and several mortgage firms — including Long & Foster's Prosperity Mortgage Co. — as defendants.

A similar lawsuit brought against the Northrop team by a Howard County couple was settled in March.

The new suit was filed Dec. 9. It alleges that the defendants used a complex scheme to get clients to buy new homes without first selling their old ones, requiring two new loans rather...

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