Authorities say a real estate agent has been convicted of fraud for stripping fixtures from his foreclosed home
via KPHO.
Feb 14
Charlie and Maria Cardoso are among the millions of Americans who have experienced the misery and embarrassment that come with home foreclosure.
Just one problem: The Massachusetts couple paid for their future retirement home in Spring Hill with cash in 2005, five years before agents for Bank of America seized the house, removed belongings and changed the locks on the doors, according to a lawsuit the couple have filed in federal court.
via St. Petersburg Times.
Mistakes happen, but the response by BoA was outrageous. Read this article and then consider what relationship, if any, you wish to have with Bank of America
Feb 10
Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks.
via CNBC.
Feb 08
If any document recorded within your county lists your name as either the grantor (person granting title to real estate, or “seller”) or the grantee (person being granted title to real estate, or “buyer”), you are immediately sent an email alert containing the following information:
Jan 29
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Inspector General Kenneth M. Donohue and Federal Housing Administration (FHA) Commissioner David H. Stevens announced today an initiative focusing on mortgage companies with significant claim rates against the Federal Housing Administration mortgage insurance program.
Jan 23
Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks.
via CNBC.
Jan 13
The number of house flipping “gurus” out there is at a high point, matching the peak in troubled mortgages.
via Suite 101
Nov 29
- 7 indicted in N. California, accused in 100+ property mortgage fraud
- Three plead guilty in Colorado based $16 million builder bail-out fraud
- Two sentenced in DC area flipping/straw buyer scheme
- Maryland man sentenced in another DC area flipping scheme
