Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1550
Posts / Week:4
Archived Since:March 20, 2008

Blog Post Archive

Tips to help you avoid foreclosure rescue scams

Mortgage Fraud Blog. Imagine that you are one of the hundreds of thousands of New Yorkers at risk of losing your home. You’ve fallen behind on mortgage payments, and — the home that you worked hard to buy for your family is suddenly in jeopardy. Show More Summary

Man convicted in real estate scheme faces new allegations

Mortgage Fraud Blog. He was convicted of hijacking a home – and now the I-Team has learned the same man is being accused in another real estate scheme known as “deed shifting.” It involves a program in which people can rent-to-own a home – a less expensive way to achieve the American Dream. Show More Summary

3 Years for Timeshare Fraud

Mortgage Fraud Blog. David Brandon Ball, 35, Charleston, West Virginia, was sentenced to 37 months in federal prison for defrauding timeshare owners throughout the United States and Canada. Ball and an associate, David Andrew Glynn, formed Mountain State Resales, LLC (MSR), a bogus company used to defraud timeshare owners of money. Show More Summary

Couple’s trial opens in $300M vacation rental fraud case

Mortgage Fraud Blog. A federal trial began Wednesday for a married couple accused of orchestrating a $300 million fraud involving thousands of investors who were promised big profits by purchasing dilapidated properties in the Florida Keys and elsewhere that would be transformed into luxurious resorts. Show More Summary

Straw Buyer Investment Scheme Sentences

Mortgage Fraud Blog. Stavroula Mendez, 68, real estate developer, was sentenced to 135 months in prison; Lazaro Mendez, 42, real estate developer, was sentenced to 108 months in prison; and Marie Mendez, 49, real estate developer, was...Show More Summary

Guilty Plea for Laundering Money from Home Thefts

Mortgage Fraud Blog. Mohamed Daoud, 50, a Norwegian businessman, has pleaded guilty to laundering the proceeds of a complex scheme to steal real property. According to his plea agreement, between July 2012 and February 2013, Daoud helped...Show More Summary

Two Guilty Pleas in Nevada Scheme to Defraud Homebuyers

Mortgage Fraud Blog. Orlando Vera, 55, Whittier, California, pleaded guilty to one felony charge of mortgage lending fraud in Nevada, a category “B” felony.  His plea was a result of his role in a scheme to cheat several hopeful homebuyers out of $904,861. Show More Summary

Bid Rigging and Foreclosure Fraud Pleas

Mortgage Fraud Blog. John Shiells, Real Estate Investor,  Danville, California, and Miguel De Sanz, Real Estate Investor, San Francisco, California each pleaded guilty to three counts of bid rigging and three counts of mail fraud in the U.S. Show More Summary

Honolulu woman wanted in connection with real estate scam

Mortgage Fraud Blog. The FBI and U.S. Marshals are searching for a Honolulu woman who was indicted by a federal grand jury on criminal charges related to an alleged $3 million scheme to defraud homeowners, title companies and banks in a real estate scam. Show More Summary

Rossford man gets 46 months in prison

Mortgage Fraud Blog. For a mortgage fraud scheme that he said tore his family apart, a Rossford man was sentenced Tuesday to 46 months in prison. Herman “Wayne” Bradley, 59, also was ordered by U.S. District Judge Jack Zouhary to pay...Show More Summary

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

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