Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1461
Posts / Week:3.8
Archived Since:March 20, 2008

Blog Post Archive

Restitution for Inland foreclosure fraud victims

Mortgage Fraud Blog. Restitution checks that will collectively total $820,000 will be mailed to 121 victims, among them some from the Inland area, of a foreclosure avoidance scheme that put William Hutchings and nine others behind bars, San Diego County prosecutors say. Show More Summary

Serial Real Estate Investor Sentenced to Six Years

Mortgage Fraud Blog. Zavier Kay Hafiz, Arizona, plead guilty on May 7, 2015 to Fraudulent Schemes and Artifices and was sentenced to six years in prison, followed by another seven years of probation.  In addition, he was ordered to pay $3,554,838.40 in restitution. Show More Summary

Nashville real estate company faces allegations of fraud and forgery

Mortgage Fraud Blog. According to the Nashville Post, a Nashville company specializing in the acquisition of distressed properties is facing allegations it used forgery and fraud in a massive scheme to purchase tax-sale properties for pennies on the dollar. Show More Summary

Gearhart Gets 14 Years

Mortgage Fraud Blog. Kelly Gearhart, 54, a former real estate developer in California’s Central Coast, who previously lived in Atascadero, California and currently resides in Wadsworth, Ohio, was sentenced to 168 months in federal prison...Show More Summary

Cherry Hill Man Defrauded Burlington County Residents Out of $146,000

Mortgage Fraud Blog. A Cherry Hill man who held himself out as a mortgage loan specialist has been charged with theft and other charges that he allegedly used $146,000 for personal expenses that had been paid to him by four Burlington County residents seeking loan assistance, authorities said on Wednesday. Show More Summary

New scam targeting people looking for affordable housing

Mortgage Fraud Blog. Scammers are targeting low-income families who are seeking affordable housing. The scammers are targeting some people who are using Section 8 housing, and they are using fake websites to do it. The post New scam targeting people looking for affordable housing appeared first on Mortgage Fraud Blog.

Prison for O.C. woman who offered bogus foreclosure relief

Mortgage Fraud Blog. A 30-year-old Costa Mesa woman pleaded guilty Wednesday to federal charges stemming from a foreclosure rescue fraud scheme that targeted homeowners with bogus promises of mortgage relief. Najia Jalan entered her plea in Los Angeles federal court to charges of mail fraud and aggravated identity theft. The post Prison for O.C. Show More Summary

Brooklyn swindler weeps as he pleads guilty to $11M mortgage fraud scheme

Mortgage Fraud Blog. A sniveling swindler pleaded guilty Wednesday to participating in an $11 million mortgage fraud scheme in Brooklyn and going on the lam for four years before he was captured in Canada. John Star, a Nigerian-bornShow More Summary

Condo Conversion Fraud Scheme Indicted in Illinois

Mortgage Fraud Blog. Vince Manglardi, 59, real estate developer, Long Grove, Illinois; Theodore “TJ” Wojtas, Jr., 43, real estate developer, Glenview, Illinois; David W. Belconis, 56, attorney who owned and operated Classic Title, Inc., Long Grove, Illinois; Nunzio L. Show More Summary

Clearbox Founder and CEO Joan Trice on their partnership with Valligent

Mortgage Fraud Blog. “Access to better data means lenders can now make informed decisions. This integration is a perfect marriage of blending  appraisal quality scores with appraiser credentials. After all, honest and competent appraisers produce credible appraisal reports. Show More Summary

Jenny Brawley, Freddie Mac fraud investigator, comment to the Washington Post “A Little Lie on a Mortgage Application Can Cost You Big”

Mortgage Fraud Blog. Freddie Mac, has not seen a recent spike in occupancy fraud, “but it’s always been a consistent misrepresentation in loan files and we’re concerned about it” The post Jenny Brawley, Freddie Mac fraud investigator, comment to the Washington Post “A Little Lie on a Mortgage Application Can Cost You Big” appeared first on Mortgage Fraud Blog.

Oregon Bank Officers Indicted

Mortgage Fraud Blog. Diana Yates, former Chief Financial Officer of the Bank of Oswego (Oregon), Sherwood, Oregon and Dan Heine, former Chief Executive Officer of the Bank of Oswego, Naples, Florida, were indicted by a grand jury and...Show More Summary

Sampson’s power, reach on display in trial

Mortgage Fraud Blog. When Alexander Solomon was assigned to prosecute Edul Ahmad, a Brooklyn real estate agent indicted in a $50 million mortgage fraud scheme in August 2011, he likely had little idea of the shockwaves that would result. Show More Summary

Petaluma man faces 19 new charges in mortgage fraud case

Mortgage Fraud Blog. A Sonoma County man accused of bilking dozens of distressed homeowners out of tens of thousands of dollars faces 19 new criminal counts. Miguel Angel Lopez now faces a total of 64 criminal counts, not including dozens of enhancement charges, which would add to his prison sentence if convicted. Show More Summary

‘Citizen of the year’ awaits sentence in fraud scheme

Mortgage Fraud Blog. A former California real estate developer who bilked millions of dollars from investors had every intention of finishing development projects that went belly-up during the 2007 housing collapse, his attorney argued in court on Monday. Show More Summary

Manipulate your Credit Report, Go to Jail

Mortgage Fraud Blog. Ricky Lamont Flemings, 31, Antelope, California was sentenced to two years in prison for two counts of mail fraud in connection with a long-running scheme to deceive Experian and the other credit reporting agencies...Show More Summary

Guilty Plea in Timeshare Fraud

Mortgage Fraud Blog. Patrick A. Nosack, 34, Henderson, Nevada, pled guilty in federal court to conspiracy to commit mail and wire fraud in connection with a telemarketing scheme involving timeshare resales. The telemarketing scam operated in Las Vegas, Nevada, and bilked over 3,000 victims of approximately 10 million dollars. Show More Summary

Sentencing delayed again for Boulder man convicted in real estate scam

Mortgage Fraud Blog. A Boulder man convicted of stealing more than $30,000 from an elderly woman in a real estate scam is now scheduled to be sentenced in August after his hearing was delayed today. Gilbert Million was convicted by a...Show More Summary

Foreclosure Bid Rigging = Indictment

Mortgage Fraud Blog. Ramin Rad “Ray” Yeganeh, real estate investor, San Mateo, California was indicted by a grand jury in the U.S. District Court of the Northern District of California in Oakland and charged with bid rigging and conspiracy to commit mail fraud in connection with public foreclosure auctions. Show More Summary

It ain’t Mortgage Fraud…

Mortgage Fraud Blog. You know those people who live in foreign countries and place calls into the US in an attempt to defraud people here?  Those calls your mother or grandfather receive telling them that they won $1,000,000 in the Jamaican...Show More Summary

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