#1261 When one is considering an installment note they also have to consider the fact that only the interest is being paid if this type of note has been assumed by the buyer. Is this true or false ? Take your time. The solution is posted below t
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08/15/2011
Top Geographical Areas for Mortgage Fraud Data from law enforcement and industry sources were compared and mapped to determine those areas of the country most affected by mortgage fraud during 2010. This was accomplished by compiling the state rankings by each data source, collating by state, an
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08/12/2011
Couples Guilty of Tax and Mortgage Fraud Offenses From “Dream Home” to Federal Lockup? U.S. Attorney’s Office August 12, 2011 Southern District of Illinois (618) 628-3700 Three metro-east residents recently pled guilty in United States District Court in East St. Louis, for participating in a con
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08/12/2011
FBI Releases 2010 Mortgage Fraud Report According to this latest report—which highlights current mortgage fraud schemes, perpetrators, and mortgage fraud “hot spots”—mortgage fraud continued at elevated levels during 2010. The FBI, with its partn
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08/12/2011
27 Indicted for Mortgage Fraud Crimes 27 South Florida residents have been indicted on charges stemming from their participation in a series of mortgage fraud schemes that resulted in more than $30 million in fraudulent loans. The cases charge individuals at all levels of the mortgage process, in
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08/10/2011
3 Admit Reverse Mortgage Fraud Louis Gendason, 42, Delray Beach, FL; Kimberly Mackey, 46, Pittsburgh, PA; and John Incandela, 24, Palm Beach, FL each plead guilty to their participation in a $2.5 million Home Equity Conversion Mortgage (a.k.a. reverse mortgage) fraud scheme. The remaining defend
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08/10/2011
Brokerage Manager Sentenced for Straw Buyer Scheme Micah Meyers, 32, Copiague, New York, was sentenced in Manhattan federal court to 60 months in prison for his role in a sub-prime mortgage fraud scheme involving dozens of residential mortgages that totaled more than $10 million. Meyers previousl
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08/10/2011
Appraisers, Loan Officers and Straw Buyers Charged with Mortgage Fraud Crimes Two residential real estate appraisers are among 14 defendants who allegedly engaged in three separate mortgage fraud schemes involving four homes. Federal agents posed as straw buyers of houses, seeking assistance in f
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08/10/2011
14 Charged with $58M Mortgage Fraud Scheme Gerard Canino, 50, Merrick, NY; Ian Katz, 32, Keller, TX; Omar Guzman, 38, East Quogue; James Vignola, 31, Freeport, NY; Henry Richards, 48, Jamaica, NY; Robert Thornton, 64, Merrick, NY; Neal Sultzer, 61, Plainview, NY; Michael Raphan, 63, Oceanside, NY
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08/10/2011
Man Sentenced for Stealing Mortgage Payments Joseph Lawrence Yorkus, 50, Las Vegas, Nevada, was sentenced by Judge Linda Bell to prison in connection with a mortgage scam involvingNevada homeowners. Yorkus was sentenced to a maximum of 102 months with a minimum of 24 months in the Nevada State Pr
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08/10/2011
