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- Ashley on Octomom Flakes on Mortgage Payments Yet Again
- Loan Modification Fighter on Loan Modification Myths and Facts
- Sherrie Lyons-Bray on Parsa Law Group – Targeted by California Attorney General
- anonymous on One West Bank billionaires under the spotlight
- anonymous on Ex-Billionaire Hit with Forced Bankruptcy Petition
- Jim Demetz on Does NACA lie to homeowners and the media? YES!
- HOMEOWNERS RIGHTS ON FORECLOSURES on Homeowner rights while in foreclosure
- Lisa Robey on Class Action Lawsuit Filed Against EMC Mortgage & Bear Stearns
- K Hall on Citi Mortgage Loan Modification for This Grateful Homeowner
- 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 […]
Scams
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.
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.
Do Not Fall Victim to Mortgage Modification Scams; Get Real Help
July 17, 2011 (Source: US Politics Today) – The recession has hit families hard, and many Americans are willing to try just about anything to escape from burdensome loan payments, including their mortgage. But, some companies offering a way out [...]
Whittier Woman Accused of Defrauding Seniors in Real Estate Scam
WHITTIER (Source: Whittier Daily News By Ruby Gonzales) – A Whittier woman allegedly stole money from five seniors between 2006 and 2009 using her contacts and her knowledge of real estate.
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 [...]
Ex-West Chester Broker Bilked Millions From Lenders, Feds Say
(Source: Philly) – A former West Chester mortgage broker, John C. Lucidi Jr., 30, was charged yesterday with conspiracy to commit wire fraud, wire fraud, and money laundering in relation to a multi-million dollar mortgage fraud scheme, said United States [...]
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.
California May Join Probe of Wall Street’s Role in Mortgage Meltdown
(Source: By Nathaniel Popper and Alejandro Lazo, Los Angeles Times) – Reporting from New York and Los Angeles— California is considering joining New York and Delaware in a wide-ranging investigation into Wall Street’s role in the mortgage meltdown that could [...]
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 [...]
Social Networking Gone Wild: Foreclosure via Facebook
(Source: MoneyLand By Tara-Nicholle Nelson) – The most distressing content most of us have ever seen on Facebook falls within the realm of the overshare: your boss’ Vegas stag party pics, or your new boyfriend’s status change from single to [...]
Texas Nails Giant Debt Collector
HOUSTON (CN By CAMERON LANGFORD) – After paying pennies on the dollar to acquire billions of dollars in debts, Encore Capital Group had employees robo-sign “thousands of false affidavits” to win default judgments against tens of thousands of Texans, the [...]
Cross Examination – California’s Top Cop Takes the Stand
(Source: SCPR) – Today, AirTalk kicks off a new, semi-regular series with California’s top law enforcement official, Kamala Harris. It’s been about six months since Harris, a career prosecutor who served two terms as San Francisco’s District Attorney, was sworn [...]
FDIC Sues IndyMac Ex-CEO For Negligence
(Source: NPR) – The government has been criticized for not prosecuting bank executives for their role in the financial crisis, but regulators are seeking payback.
Alabama AG Strange Voices Concerns About Scope of Mortgage Foreclosure Deal
WASHINGTON (Source: By Mary Orndorff — The Birmingham News) – Alabama’s top prosecutor told Congress on Thursday that mortgage servicers who broke the law in dealing with homeowners should be punished, but he also cautioned against additional regulations that could [...]
US Charges 4 in Fla. Reverse Mortgage Scam
MIAMI – (Source: Miami Herald by The Associated Press) – Federal prosecutors have charged four people in South Florida with running a reverse mortgage scam that targeted older homeowners.
More Shocking Real-Estate Scams, Plus Reports on Particular Schemes Flagged by the Authorities
WASHINGTON (Source: MarketWatch By Lew Sichelman) — Question: You recently wrote about a popular new mortgage scam you called “flopping,” which occurs when a house purchased as a short sale is immediately sold for a substantial profit. This is interesting [...]
Eldorado Trading Firm Sues, Claiming Banks Manipulated Libor
July 7 (Source: Bloomberg) – A Chicago trading firm accused Bank of America Corp., JPMorgan Chase & Co., UBS AG and Citigroup Inc. of conspiring to manipulate the London interbank offered rate.
Reverse Mortgage Scam Targeted Seniors
(Source: MiamiHerald By TOLUSE OLORUNNIPA) – Three South Florida mortgage professionals conspired with a Pittsburgh title agent to defraud senior citizens through a reverse mortgage scam, according to allegations unveiled Wednesday by U.S. Attorney Wifredo Ferrer.
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 [...]
Avoiding Scams as a Homeowner
NEW YORK (Source: WABC) — For many, the fear of foreclosure has desperate homeowners doing whatever they can to try to save their homes. And that despartation makes it easier for frustrated homeowners to become victims of a scam.
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.
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 [...]
8 in East Bay Admit to Rigging Foreclosure Auctions
(Source: The San Francisco Chronicle) – Eight Bay Area real estate investors agreed to plead guilty to rigging foreclosure auctions in Alameda and Contra Costa counties, the Department of Justice said on Thursday. The investors’ actions suppressed competition for properties, [...]
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.
Yair Levy Banned From NY Real Estate
(Source: Crains New York By Amanda Fung) – The state Attorney General Eric Schneiderman office announced Wednesday that beleaguered developer Yair Levy has been permanently banned from doing business in New York.
2 Sentenced to Prison in $78 Million Mortgage Ponzi Scheme; Pair Must Also Pay Restitution
GREENBELT, Md. (Source: The Washington Post) — Two people convicted in a Ponzi scheme that defrauded some 1,000 investors of $78 million have been sentenced to prison.
Former Bank Exec, Police Officer Face Mortgage Fraud Charges
(Source: Kansas City Business Journal) – A federal grand jury has charged five Kansas City-area men — including a former bank executive and former police officer — for their involvement in a mortgage fraud scheme.
Belongings of NM Real Estate Executive Accused in $700M Ponzi Scheme to Go on Auction Block
ALBUQUERQUE, N.M. (Source: RICHARD METCALF Albuquerque Journal) — Wanna piece of Doug Vaughan?
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 [...]
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