Saturday, October 3, 2009

Ontario Man Admits To Defrauding Elderly Parents; Looted Bank Account, Used Forged POA To Pilfer Profits From Sale Of Home

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In Peterborough, Ontario, The Peterborough Examiner reports: A 44-year-old man pleaded guilty [...] to defrauding his parents of about $140...

Conn. AG Puts Kibosh On Shaky "Option To Buy" Obtained By Pair From Hospitalized Dying Woman; Deal Would Have Allowed Purchase For Less Than 50% FMV

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From the Office of the Connecticut Attorney General : Attorney General Richard Blumenthal [...] announced that his office has successfully c...

LA Man Charged With Stealing, Flipping House; Girlfriend Accused Of Notarizing Falsified Documents Used In Deed Theft

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In El Monte, California, KTTV-TV Channel 11 reports: A Los Angeles city firefighter who works as a part-time real estate broker and his ex-...

Minnesota Man Dodges Add'l Jail Time For Swindling Dying Mom; Pocketing Proceeds Of Home That Subsequently Fell Into Foreclosure Among Bad Acts

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In Duluth, Minnesota, the Duluth News Tribune reports: A Twin Cities man has been sentenced to time served and nearly $10,000 in fines and ...

Minister, Wife Charged Of Duping Elderly Man Into Signing Over Home; Subsequent Refinancing, Failure To Make Payments Leave House In Foreclosure

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In Ventura, California, the Ventura County Star reports: The pastor of the Solid Rock Christian Center in Ventura and his wife were arreste...

Jury Finds Central Florida Couple Guilty Of Grand Theft For Tricking Elderly Widow Into Signing Away Title To Her Home

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In New Port Richey, Florida, the St. Petersburg Times reports: To Cynthia and Joseph Clancy, it wasn't enough to spend Eloise Mudway...
Friday, October 2, 2009

New Jersey Landlord Beats Back RICO Suit Charge That Renting To Illegal Immigrants Constitutes "Harboring"

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In Plainfield, New Jersey, myCentralJersey.com reports: A federal judge has denied an appeal of an earlier decision to dismiss part of a la...

Title Agent Cops Plea To Illegally Dipping Into Escrow Funds From Real Estate Closings; "Katrina" Credited For Slamming Brakes On Ponzi-Style Scam

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In New Orleans, Louisiana, the Times Picayune reports: A 68-year-old Metairie man pleaded guilty Wednesday in federal court to wire fraud f...

Title Agent Admits To Stiffing Existing Lienholders In Real Estate Closings; Pocketed Cash Due Lenders, Wrote & Sold Phony Secured Notes, Kited Checks

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From the Office of the FBI (Louisville, Kentucky Field Office): Candace Hill, United States Attorney for the Western District of Kentucky, ...

Attorney/Ex-Georgia Lawmaker Gets Six Years In Sale Of Forged Title Insurance Policies To Unwitting Homebuyers; 180 Files Involved, Says Underwriter

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In Carroll County, Georgia, the Times Georgian reports: A Carroll County attorney was sentenced [last week] to six years in prison after he...
Thursday, October 1, 2009

Just Showing Up Buys Financially Troubled Homeowners Three Extra Months On Sarasota's Foreclosure "Rocket Docket"

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In Sarasota County, Florida, the Sarasota Herald Tribune reports: Florida "rocket dockets" have earned the reputation as a cold, ...

Veteran Fraudster Gets 97 Months For Running Realty Scams; Bogus Sale Leaseback Foreclosure Rescue Deals Among Rackets Resulting In $1M+ In Losses

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From the Office of the U.S. Attorney (New Jersey): A Phoenixville, Pa., man was sentenced to 97 months in prison [...] for his leadership r...

A Cautionary Tale On Assumed Mortgages

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Ever wonder what the risks are of selling your home in a deal that allows the buyer to take over the payments on your existing mortgage? A P...

Blanket Receiverships Coming To Florida's Treasure Coast?

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In Stuart, Florida, TC Palm reports on another financially strapped condominium association being screwed over by rent skimming, deadbeat l...

Use Of "Blanket Receivership" By Florida Condo Associations In Struggle To Stay Afloat Continues; Rent Skimming, Deadbeat Landlords Left Furious

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In Tampa, Florida, The Tampa Tribune reports: Each month, Judd Tyler, the president of his townhome association, discovers his community do...
Wednesday, September 30, 2009

Florida Bar To Consider Review Process For Ethics Breaches By Attorneys Bringing Foreclosure Actions Filed w/ Errors, False Statements

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The Sarasota Herald Tribune reports: The state group that disciplines lawyers is debating how to deal with reports of attorneys using error...

Lack Of Resources, Capabilities, Knowledge Or Manpower Doesn't Stop Some Operators From Pocketing Upfront Fees For Bogus Loan Modification Services

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ABC News reports: The housing crisis has left millions of homeowners desperately trying to avoid foreclosure, but their plight is only made...

Effort To Reign In Loan Modification Rackets "A Giant Game Of Whack-A-Mole"?

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Pro Publica reports on the difficulties authorities around the country are having reigning in loan modification rackets, and shines light o...

Oregon AG Indicts Mtg Broker/Loan Modification Firm Owner For Allegedly Cheating Homeowners In Foreclosure; Aggravated Theft, Forgery Among Charges

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From the Oregon Department of Justice : Attorney General John Kroger [...] announced the indictment of a Salem mortgage broker on charges of...

Mortgage Servicers Drifting Into Upfront Fee Loan Modification Scam Racket??? Media Intervention Helps Undo Screwing Over Of Two Arizona Homeowners

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In Phoenix, Arizona, KPHO-TV Channel 5 reports: Many homeowners say their banks won't call them back regarding a loan modification; how...
Tuesday, September 29, 2009

Connecticut Law Now Bans Upfront Fees, Requires Licensing & Bonding When Offering Loan Modification Services

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In Hartford, Connecticut, The Day reports: For the first time in Connecticut, firms and individuals offering debt relief they negotiate wit...

Calif. Bar Official: "The Number Of Attorneys Using Their Law Licenses To Essentially Take Money From Unwary But Trusting Consumers Is Astounding!"

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From a recent press release from The State Bar of California : The State Bar of California, alarmed by the number of lawyers preying on vuln...

Nevada AG Calls For More Criminal Prosecutions & Jail Time For Loan Modification Scammers

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In Las Vegas, Nevada, KLAS-TV Channel 8 reports: Nevada ranks number one in the nation for mortgage modification scams. Most of the resourc...

Michigan AG Criminal Prosecution Yields Guilty Pleas From Three Outfits For Bogus Loan Modification Services

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In Lansing, Michigan, The Bay City Times reports: Victims of foreclosure fraud schemes by three Michigan companies will be able to receive ...

Long Island-Based Loan Modification Firm Faces Attack From Both NY AG & Homeowner Class Action Suit For Allegedly Peddling Bogus Foreclosure Help

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In New York City, Fox 5 News recently ran a story on Amerimod, a Long Island-based loan modification operator whose activities have prompte...
Monday, September 28, 2009

Slumbering Foreclosing Lenders Unable To Document Loan Ownership Beginning To Face Complete Wipeout Of Mortgage Interests Thru "Quiet Title" Actions?

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A recent story in The Huffington Post on the " Produce The Note " strategy of defending against foreclosure actions contained the...

Some In Congress Seek To Make "Produce The Note" Strategy Mandatory To Level Playing Field In Defending Against Sloppy Foreclosing Lenders, Servicers

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The Huffington Post reports: Modern-day home mortgages have been so sliced and diced by rapacious financiers that some homeowners are succe...

Connecticut AG: Foreclosures Might Be Void Where Unauthorized Process Servers Are Used To Deliver Legal Papers To Delinquent Homeowners

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In Hartford, Connecticut, The Hartford Courant recently reported on state Attorney General Richard Blumenthal slamming some state marshals ...

Mortgage Servicer Threatens Foreclosure, Initiates Debt Collection Proceedings Despite Valid Loan Mod Being In Effect, Says Ohio Homeowner In Lawsuit

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In Hamilton County, Ohio, The Cincinnati Enquirer reports: Carolyn S. Cable thought she had worked out a deal with her mortgage company to ...

Conn. AG Slams State Marshals For Double Billing When Process Serving In Foreclosures; Practice Coincided With Possible Attorney Kickback Arrangement

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In Hartford, Connecticut, The Hartford Courant reports: Attorney General Richard Blumenthal, in a sweeping action against some of the highe...
Sunday, September 27, 2009

Final Conspirator In Maryland Sale Leaseback Foreclosure Rescue Scam Gets 46 Months

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From the Office of the U.S. Attorney (Maryland): U.S. District Judge Deborah K. Chasanow sentenced Cheryl Brooke, age 52, of Upper Marlboro...

Loan Officer Gets 37 Months For Role In Maryland Foreclosure Rescue Equity Stripping Scam Peddling Bogus Sale Leaseback Deals To Desperate Homeowners

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From the Office of the U.S. Attorney (Maryland): U.S. District Judge Deborah K. Chasanow sentenced Winston Thomas, age 43, of New Carrollto...

Washington Man Gets Two Months For Abusing POA, Leaving Mentally Impaired 78-Year Old Woman Homeless

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In Kitsap County, Washington, the Kitsap Sun reports: A Bremerton man has been sentenced to two months in jail for a mortgage theft scheme ...

Illegal Use Of POA To Rip Off Homes, Other Assets Of The Elderly & Vulnerable Now Tougher To Pull Off In NYS ... Hopefully

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In New York City, Time Magazine reports: Misappropriation of an elderly person's assets by someone legally authorized to oversee them m...

Oregon Regulators To Crack Down On Self-Titled "Specialists" & "Advisers" Having Little Or No Professional Training

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In Portland, Oregon, The Oregonian reports: State regulators are trying to clamp down on the use of misleading financial services and insur...

Calgary Woman Faces Sentencing For Using POA To Sell, Rip Off Proceeds Of, Hospitalized Disabled Cousin's Home & Vehicle

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In Calgary, Alberta, the Calgary Herald reports: A city woman, ordered by the court last year to repay $180,000 after she bilked her disabl...
Saturday, September 26, 2009

Mom Accuses Bankrupt Daughter Of Wiping Out Life Savings, Using Unwittingly Signed Deed To Sell Home & Pocket Proceeds

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In Nashville, Tennessee, NashvillePost.com reports: Donna Jones, a former employee of admitted embezzler and Ponzi scheme operator Michael ...

Use Of Phony POA To Sell Murdered Retiree's $1M Home, Loot Bank Accounts Among Charges Facing Slay Suspects

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In Palm Springs, California, The Desert Sun reports: Five men accused in the stabbing death of a Palm Springs retiree to steal his identity...

In-Home Health Care Aide Facing Foreclosure Sentenced For Ripping Off $15K+ From 93-Year Old Patient

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In Martinez, California, the Contra Costa Times reports: An Oakley woman has been sentenced to jail and probation for stealing more than $1...

Financially Strapped Real Estate Operators Charged With Torching Their $1M Home; Roof Collapse Nearly Kills Firefighters

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In Tracy, California, the Tracy Press reports: A husband and wife are suspected of burning down their $1 million home in Tracy last summer...
Friday, September 25, 2009

Obama Administration Meets With 12 State AGs In Effort To Squash Foreclosure Rescue Scams; FTC Considers Nationwide Ban On Upfront Fees For Loan Help

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The Washington Post reports: The Obama administration vowed Thursday to squash scams targeting homeowners on the brink of foreclosure, revi...

California AG Bags Three Suspects In Refinancing Scam; Allegedly Fleeced 70+ Borrowers Of $950K+; Victims Left With $30M In Loans w/ Unwanted Terms

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From the Office of the California Attorney General : Continuing his fight against mortgage scams, Attorney General Edmund G. Brown Jr. [...]...

Maine Regulators Warn Of Scammers Posing As State Agency Employees To Target Homeowners With Foreclosure Help

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In Augusta, Maine, WBZ-TV Channel 38 reports: The Maine State Housing Authority says homeowners who've been receiving recorded phone me...
Thursday, September 24, 2009

Ex-L.I. Lawmaker Accused In $82M Mortgage Scam Now Charged w/ Forging Lender Endorsement On Check To Illegally Pocket Insuance Cash For Burned Home

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In Suffolk County, New York, The Southampton Press reports: Former Suffolk County Legislator George O. Guldi was indicted for a second time...