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The Times of India
The Times of India
World
TOI World Desk

Alleged Mortgage Fraud Exposed: Lawsuits detail DSCR loan flips; Baltimore housing suffers

A Baltimore property that changed hands for $43,000 in 2022 and was resold for $310,000 the following year returned to the market in 2026 for just $35,000 after foreclosure, becoming a striking example of an alleged real estate fraud scheme that has drawn scrutiny from lenders and investigators. In a report published by Realtor dot com on October 20, 2026, journalist Julie Gerstein detailed how two federal lawsuits accuse New York real estate investors Eluzer Gold and Benjamin Eidlisz, along with alleged associates, of inflating property values and securing loans against homes that were subsequently abandoned to foreclosure. The allegations have also featured in reporting by The Baltimore Banner, which investigated the investors’ property acquisitions in the city.

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