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- HOMEOWNERS RIGHTS ON FORECLOSURES on Homeowner rights while in foreclosure
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- LR Wilbanks on Woman sues CitiMortgage for illegal debt collection
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- A year later after my Strategic Default - some eye-opening surprises..Forum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Hanover Post Time: 05-16-2012 at 11:01 AM […]
- B of A Survey? Anyone else get one?Forum: Bank of America Home Loans Posted By: skoobywrx Post Time: 05-16-2012 at 10:01 AM […]
- Bank of America is a joke!!!!Forum: Bank of America Home Loans Posted By: mayela Post Time: 05-16-2012 at 09:59 AM […]
- On Chase Repayment Plan - Filed Chapter 7 - help please!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: chased in seattle Post Time: 05-16-2012 at 07:28 AM […]
- Will A Line of Credit Foreclose??Forum: US Bank Home Mortgage Posted By: tazzaro Post Time: 05-16-2012 at 12:35 AM […]
- Need advice and directionForum: Wells Fargo Home Mortgage Posted By: menmn Post Time: 05-15-2012 at 09:49 PM […]
- Are we just out of 8 months worth of payments.. they suddenly stopped accepting payments.Forum: Bank of America Home Loans Posted By: FrustratedInSoCali Post Time: 05-15-2012 at 09:35 PM […]
- Done with Citi - Loan Mod process a jokeForum: Citi Mortgage Posted By: done with citi Post Time: 05-15-2012 at 09:01 PM […]
- need advice regarding my fannie mae mod please!Forum: Loan Modification Posted By: trixi Post Time: 05-15-2012 at 08:44 PM […]
- foreclosure refForum: US Bank Home Mortgage Posted By: squiz Post Time: 05-15-2012 at 08:10 PM […]
Scam & Fraud News
Watch Out for Those Peddling Reverse Mortgages
(Source: By Donna Gehrke-White Sun Sentinel) – Last week’s guilty plea from three who admitted to participating in a $2.5 million reverse mortgage fraud scheme should remind seniors to be careful over entering into such a financial agreement that can [...]
AIG Sues BofA for $10 Billion Alleging “Massive Fraud”
(Source: Reuters By Jonathan Stempel) – The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the largest U.S. [...]
Five Lawyers Charged In $58M Mortgage Fraud Scheme
(Source: Wall Street Journal By Chad Bray) – Federal prosecutors in New York on Thursday charged fourteen people in an alleged $58 million mortgage fraud, including five lawyers, one of whom previously had been disbarred. The scheme, which ran from [...]
AARP Files Another Reverse Mortgage Suit
(Source: New York Times By RON LIEBER) – In recent months, AARP Foundation Litigation has prodded the United States Department of Housing and Urban Development to reverse a rule change that had made it harder for some surviving spouses of [...]
Wells Fargo Suit Says Bank Failing to Obey Federal Reverse Mortgage Rules
(Source: Bloomerg By Margaret Cronin Fisk) – Wells Fargo & Co. (WFC) was accused in a group lawsuit of ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them.
Palm Beach, Delray Loan Officers Plead Guilty in $2.5M Mortgage Scheme
(Source: By Toni-Ann Miller Palm Beach Post Staff Writer) – Three of the four loan officers charged in a $2.5 million reverse mortgage and loan modification scheme have plead guilty, a news release from the U.S. Department of Justice said [...]
13 Charged in $60 Million Mortgage Fraud Scheme
(sOURCE: fOX nEWS By Jana Winter) – The FBI has arrested 10 people charged with participating in a $60 million mortgage fraud ring early Thursday morning in the New York area, FoxNews.com has learned.
Lawyer, Businessman Pleads Guilty to Bank Fraud
(Source: Bloomberg Busisnessweek By NOMAAN MERCHANT) – An Arkansas lawyer and businessman admitted Wednesday to staging a Ponzi scheme that netted more than $47 million, a scam one prosecutor called the largest case of fraud in state history.
Real Estate Agent Granted Leave Before Court Appearance
(Source: SMH Glenn Jackson, Greg Prichard) – FOLLOWING a meeting with his employer yesterday, real estate agent Greg Tait, the the latest person to be charged in relation to the NRL betting scandal, was given leave and his profile removed [...]
State Cracks Down on 7 Allegedly Fraudulent Loan Modification Companies
(Source: By Sarah Portlock / The Star-Ledger) – Seven unlicensed mortgage loan modification businesses are facing cease and desist orders from the state’s Attorney General as part of a crackdown on financial fraud schemes, the state Division of Consumer Affairs [...]
U.S. Attorney Accuses 27 in South Florida of Mortgage Fraud
(Source: The Miami Herald By TOLUSE OLORUNNIPA) – Four separate indictments were unsealed Tuesday by the U.S. Attorney’s Office in Miami accusing 27 people in various mortgage fraud schemes against banks and South Florida homeowners.
Straw Man Mortgage Fraudster Headed to Federal Prison
(Source: Forbes By Bill Singer) – Federal prosecutors alleged that from 2005 through 2007, Micah Meyers, a former manager at Islip, New York based mortgage brokerage firm Bridgewater Funding, LLC (“Bridgewater”), submitted fraudulent loan applications as part of a scheme [...]
SJ Man Pleads in Real Estate Fraud Case
(Source: NBC Bay Area) – A South Bay man is due to be sentenced in Santa Clara County Superior Court on Dec. 15 to five years in prison for defrauding investors in two failed real estate projects of $1.2 million.
Mortgage Audit Scams Target Homeowners
HOUSTON (Source: KTRK) – Homeowners struggling to pay their mortgage may be seeing new offers that promise to bring them thousands of dollars.
Feds Case Against Jerry Haymon Mortgage Fraud Scheme Laid Out
(Source: BY Teresa Auch Schultz) – Federal prosecutors have laid out part of their case against Gary businessman Jerry Haymon, describing testimony they say will show how he created a mortgage fraud scheme that took in $300,000.
Jackson Minister Begins 16-Year Sentence for $10 Million Mortgage Fraud Scheme
JACKSON, Miss. (Source: The Republic) — A Jackson minister has reported to prison to serve a 16-year term for his part in a mortgage fraud scheme that involved more than $10 million in fraudulent loans.
Experts Suspect Real Estate Fraud In Royal Palm Beach
ROYAL PALM BEACH, Fla. (Source: Kimberly Miller, Palm Beach Post) – The neatly kept Kensington condominiums, fronted by a fountain, guard house and regal name, hold on to a pretense of Wellington wealth.
BBB Warns of Mortgage Scams
(Source: Fox 8 Live) – Foreclosures are on the rise in Louisiana and so are the number of scams targeting troubled homeowners. In the past month, at least a dozen consumers have contacted the FOX 8 Defenders reporting mortgage help [...]
New Jersey Woman Pleads Guilty in Student-Loan Scam
(Source: The Philly Inquirer By Darran Simon) – A 23-year-old woman admitted Thursday that she filed more than 90 fradulent student-loan applications seeking more $1.7 million. The Browns Mills resident, who had taken only a handful of college courses, received [...]
BBB Busts Eden Prairie Loan Modification Scam
EDEN PRAIRIE, Minn. (Source: by Karen Scullen / FOX 9 News) – Now that an Eden Prairie company offering home loan modifications has been busted by the Better Business Bureau, some Minnesotans are telling the alleged scammer to pay up [...]
Va. Beach Man Charged In Mortgage Rescue Fraud Case
(Source: By Tim McGlone The Virginian-Pilot) – A Virginia Beach man who ran a mortgage rescue company has been indicted on charges of bilking customers out of millions of dollars.
Scammers Always Seem to Make a Buck in Tough Times
(Source: Akron By Tom Kelly) – Crooks are always looking for a new wrinkle, and short-sale scams are quickly moving to the top of the fraud world.
R. Kelly Faces Foreclosure
(Source: CBS MoneyWatch By Ilyce Glink) – What Main Street has been enduring for years now is finally hitting close to home, pardon the pun, for the rich and famous.
Former Minnesota Female Real Estate Broker Charged in Mortgage Fraud Scheme
(Source: FBI) MINNEAPOLIS—Late the past Friday afternoon a 29-year-old St. Paul woman was charged with participating in a scheme to defraud mortgage lenders out of more than $5 million. Lindsey Rae Loyear was charged via an information with one count [...]
Connecticut Real Estate Agent Sentenced to Prison for Short Sale Mortgage Fraud Scheme
(Source: FBI) – David B. Fein, United States Attorney for the District of Connecticut, announced that ANNA McELANEY, 40, of Norwalk, was sentenced today by United States District Judge Janet C. Hall in Bridgeport to eight months of imprisonment, followed [...]
Real Estate Agent From Norwalk Faces Sentencing For Fraud
BRIDGEPORT, Conn. (Source: Daily Journal) — A real estate agent from Norwalk is facing sentencing for her role in a mortgage fraud scheme.
AG Targets Mortgage Flaws
(Source: Boston Herald By Jerry Kronenberg) – Massachusetts Attorney General Martha Coakley slammed a private network used by lenders for loan trading as she launched a far-reaching probe into whether banks violated state property-recording laws during the housing boom — [...]
Former Head of Orinda Real Estate Investment Group Pleads Not Guilty
MARTINEZ (Source: Lamorinda Patch By Andra Lim) – An Orinda man formerly at the helm of a real estate investment company pleaded not guilty to felony charges of embezzlement, theft and forgery Monday morning.
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