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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 […]
Fraud
Ex-San Diegan Guilty of Real Estate Fraud Again
(Source: San Diego Reader By Don Bauder) – Former North County real estate swinger Philip Rand Lochmiller was found guilty in federal court in Denver today (July 21) of 31 counts of conspiracy, fraud, and money laundering.
Swiss Adviser Charged In Tax Fraud Tied To UBS
(Source: Reuters By Jonathan Stempel and Basil Katz) – A Swiss financial adviser has been charged with helping more than 60 U.S. taxpayers hide more than $184 million in Swiss bank accounts and move assets from UBS AG to other [...]
Man Admits $40.8M Mortgage Fraud Involving Crest Oceanfront Condos
CAMDEN (Source: capemay county herald By Herald Staff) — For the second time in a week, federal law enforcement officials issued releases regarding individuals implicated in alleged multi-million dollar mortgage frauds involving seashore real estate in Cape May County.
Indictments Accuse 7 of Big Mortgage Fraud
(Source: Sacramento Bee By Rick Daysog) – A federal grand jury has indicted a Sacramento real estate executive and six of his employees for allegedly running a $4 million mortgage-fraud scheme.
Former WexTrust Capital COO Sentenced 262 Months in Prison for Real Estate Investment Fraud Scheme
(Source: FBI) – PREET BHARARA, the United States Attorney for the Southern District of New York, announced that JOSEPH SHERESHEVSKY, a former Chief Operating Officer of the private equity firm WexTrust Capital, LLC (“WexTrust Capital”), was sentenced today to 262 [...]
Former Mortgage Broker Linked to Several Fraud Cases
(Source: By Liz Kellar Liz Keller) – Former Nevada County mortgage broker Scott Stober — currently living in Arizona after being stripped of his real estate license in February — is a central figure in two fraud prosecutions involving hard [...]
Independence Couple Indicted for Mortgage Fraud
(Source: Staff infoZine) – According to the indictment, the couple submitted false and fraudulent loan applications and supporting documents to lenders and to the title company.
Virginia Real Estate Agent Sentenced for Fraud
(Source: Bloomberg Business Week) – A Richmond, Va. real estate agent and investor has been sentenced to four years and three months in prison for a $2.4 million mortgage fraud scheme.
Connecticut Man Pleads Guilty to $4 Million Mortgage Scam
(Source: FBI) – David B. Fein, United States Attorney for the District of Connecticut, announced that CHRISTIAN TUDOROF, 43, of Stamford, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Joan G. Margolis in New [...]
Former Diamond Mortgage Employees Plead Guilty in $4.9M Mortgage Fraud
(Source: Kansas City Business Journal) – Former employees of Overland Park-based Diamond Mortgage have pleaded guilty to their roles in a $4.9 million mortgage fraud scheme.
Seattle Promoter of Peru Real-Estate Deals Charged with Fraud
(Source: Seattle Times By Rami Grunbaum) – Jose L. Nino de Guzman Jr. drove a Bentley and used a Seahawks suite to impress investors who entrusted him with $20 million, but federal prosecutors charge it was all a Ponzi scheme [...]
Primary Prosecutors of Mortgage Fraud? Pension Funds And Plaintiffs’ Lawyers
(Source: Forbes) – Just when you think you’re caught up on all the troubles Bank of America is having with mortgage-related fraud, there’s another story. A group of bondholders calling themselves Walnut Place challenged the bank’s most recent settlement with [...]
Mortgage Fraud Tips Up; Banks Scramble
VIENNA, Va. (Source: Associated Press) – Reports of likely mortgage fraud increased sharply during the first quarter as big banks took another look at loan documents questioned by mortgage insurers and investors, according to the Treasury Department bureau that tracks [...]
Mortgage Executive Receives 30-Year Sentence
(Source: Dealb%%k By BEN PROTESS) – A federal judge on Thursday sentenced Lee B. Farkas, a former mortgage industry executive accused of masterminding one of the largest bank fraud schemes in history, to 30 years in prison.
They’re Everywhere! Big Four Auditors Mixed Up In Mortgage Fraud
(Source: Forbes) – When I’m not wondering, “Where is my coffee?”, I’m usually curled up in a ball in the corner of my little living room filled with Latin American art moaning, “Where were the auditors?”
This Real-Estate Scam Can Land You In Jail
WASHINGTON (Source: MarketWatch By Lew Sichelman) — Rarely has a topic elicited as much response as my column about the scam known as flopping, which is the “art” of intentionally misrepresenting the value of a financially strapped borrower’s house in [...]
Man Convicted in Mortgage Fraud to Be Sentenced
ALEXANDRIA, Va. (Source: The Sacramento Bee) – A man convicted of orchestrating a $3 billion fraud as chairman of one of America’s largest private mortgage companies will be sentenced to prison.
Panel Revives Banks’ Suit Against MBIA Over 2009 Breakup
(Source: New York Law Journal by Brendan Pierson) A $5 billion fraud suit against bond insurer MBIA over its 2009 breakup is not preempted by New York’s Insurance Law, the Court of Appeals ruled yesterday. In allowing the case to [...]
South Florida No. 2 on Mortgage Fraud Risk List
(Source: By Kimberly Miller Palm Beach Post) – South Florida’s mortgage fraud risk index spiked 10 percent during the first part of the year, shooting the region to second place nationally for potential housing scams.
5 Things to Know About Mortgage Fraud
(Source: Sign on San Diego By Lily Leung, Reporter) – Investigating mortgage fraud is a Top 10 priority for the FBI in San Diego County and among the Top 25 nationwide, said supervisory special agent Johanna Hladun, at the Town [...]
Flim, Flam, Flip, Straw Man Mortgage Fraud
(Source: Forbes) – According to allegations by federal prosecutors, from late 2004 through January 2007, Alexander Kaplan (former Brooklyn-based real estate lawyer and the owner of a title insurance company) and his co-conspirators obtained hundreds of mortgage and home equity [...]
New Jersey Foreclosure Rescue Scammer Sentenced to More Than 13 Years in Prison
(Source: USDOJ) PHILADELPHIA, PA – Gennaro Rauso, 47, of Trenton, NJ, was sentenced today to 160 months in prison for several mortgage fraud related charges, announced United States Attorney Zane David Memeger. Rauso owned and operated a real estate management [...]
“Operation Stolen Dreams” Gets Another Mortgage Fraud Plea
(Source: Forbes) – “Operation Stolen Dreams” is the federal and state law enforcement sweep that targeted mortgage fraud in 2010, at which time it was reported over 1,200 individuals were named as defendants resulting in over 600 indictments for crimes [...]
Former CEO of Mortgage Company Taylor Bean & Whitaker to be Sentenced for Role in $3B Fraud
ALEXANDRIA, Va. (Source: Washington Post) — Prosecutors are seeking a six-year prison sentence for the CEO of what had been one of the nation’s largest private mortgage lenders.
Women Get 10 Years for Mortgage Fraud Scheme
(Source: NBC Chicago By Rosie Powers) – Two women were sentenced Monday to 10 years in the Illinois Department of Corrections for involvement in a suburban mortgage fraud scheme.
Californians, Ethnic Minorities Hit Hardest By Foreclosure Rescue Scams
(Source: the Californian by Broderick Perkins) – If you live in California and find yourself facing foreclosure, chances are greater than in any other state you’ll be the victim of foreclosure rescue fraud.
St. Cloud Real Estate Agent Indicted in Mortgage Fraud Scheme
MINNEAPOLIS (Source SC Times) — A St. Cloud real estate agent and a Maple Grove real estate appraiser have been indicted in connection with a $1.8 million mortgage fraud scheme.
Fairfield Real Estate Broker Indicted in Mortgage Fraud Case
(Source: The Reporter) – A Fairfield real estate broker has been charged by a federal grand jury in a nine-count indictment alleging investment and mortgage fraud.
Beware Loan-Modification, Foreclosure Scams
LOS ANGELES (Source: KABC) – One in nine homeowners nationwide are more than 90 days behind on their mortgage payments and fear of foreclosure has desperate homeowners turning to loan modifications or foreclosure rescue companies for help. But that may [...]
Man Sentenced For Loan Modification Fraud
SAN DIEGO (Source: 10 News) – A man who ran a fraudulent San Marcos telemarketing operation in which he and others sold more than $900,000 worth of loan modification services to homeowners delinquent on their monthly mortgage payments was sentenced [...]
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