After the mortgage meltdown caused the near-collapse of the U.S. economy, most of us assumed fraudsters would find a new racket.But assumptions can be dangerous, and it appears we were wrong.The Wall Street Journal just commissioned a study examining about seven million home loans made by hundreds of lenders, and it found mortgage fraud is back with a vengeance.
Aug 27
“As homeowners have been so inundated recently with news of declining home sales post-tax credit, it’s no surprise that they would become more pessimistic about the future of home values,”
Aug 27
The Securities and Exchange Commission alleges that Countrywide Financial Corp.’s ex-chief executive Angelo Mozilo approved loans for favored borrowers that contradicted the company’s lending policies.
via WSJ.com.
Aug 19
A convicted molester is losing his house to foreclosure, but is blocked by county law from moving to a different house a block away.
via MiamiHerald.com.
[Which will result in an unworkable law for owners]
Aug 18
“I’ve talked to about 30 [landlords],” Sambrano said. “As soon as I tell them I’m a felon, they say, ‘Can’t do it.’ ”
Aug 16
Three South Florida law firms that represent mortgage lenders are being investigated by the state attorney general over allegations they forged documents filed with the courts in foreclosure cases.
via - MiamiHerald.com.
Aug 08
Squatters! Someone took our lock box off the door and is now living in our home, what to do now?
via Zillow News.
Aug 03
n Athens man accused of trying to pay his landlord with a worthless check has been charged with theft, an official said Wednesday.
He was released from jail after posting a $3,500 bail, records show.
via » The News-Courier .
[If only this was our world. Maybe we should all move to Alabama]
