Lender Processing Services reported that lenders have attempted to drive more than 2.2 million homes through the foreclosure process as of the end of October. They indicated that foreclosure starts were up 5.7 percent from September to October, to 232,865. Borrowers delinquint on their loans by
...
12/22/2011
What is Chanumas, you may ask ? It's when you put fruitcake and latkes on the table together. When a cross and a star of David intersect. When Chanukka Harry meets Santa Claus. When a spinning dreidel and the Nutcracker's twirling ballerina delight a child six or sixty years o
...
12/21/2011
Here's the typical conversation an "A" Kisser will have with their broker.If you missed Part I click here.
12/21/2011
Illinois Man Admits Internet Auction Real Estate Scam Keith D. Gunter, 49, Illinois, pleaded guilty in federal court to an Internet auction scam in which he advertised and sold property in northwestern Alabama that he did not own or never provided title for after receiving payment. Gunter pleaded
...
12/20/2011
Woman Sentenced for Loan Application Misrepresentations Belinda Cheri McKinney, 43, metro-east, Illinois, was sentenced on December 13, 2011, in the United States District Court in East St. Louis, to 37 months imprisonment for participating in a conspiracy to defraud the United States and evade t
...
12/20/2011
New Jersey Man Admits $3 Million Mortgage Fraud Scheme Jerry Smith, 45, Scotch Plains, New Jersey, admitted to conspiring to participate in a mortgage fraud scheme that caused lenders to release approximately $3 million based on fraudulent loan applications and conspiring to launder the proceeds
...
12/20/2011
5 Indicted for Bid Rigging at Foreclosure Auctions A U.S. District Court in Sacramento, California, unsealed an indictment against four real estate investors and one auctioneer or “crier” for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure a
...
12/20/2011
Jury Convicts 3 of Scam Involving 432 Straw Buyer Transactions Eve Mazzarella, 34, San Diego, California, Steven Grimm, 48, Las Vegas, Nevada, and Melissa Beecroft, 32, Las Vegas, were convicted by a jury following a 37-day jury trial that began in October 2011. The defendants include a former La
...
12/20/2011
Paralegal Admits Defrauding Mortgage Lenders Louise Lampo-Diglio, 43, East Haven, Connecticut, waived her right to indictment and pleaded guilty before Senior United States District Judge Alfred V. Covello in Hartford, Connecticut, to one count of conspiracy to commit mail fraud and wire fraud st
...
12/20/2011
Broker for Hard Money Lender Convicted of Stealing $6.9M Mark Alan Helsing, 53, Tustin, California, a broker for "hard money lenders," was sentenced to 15 years in state prison and three years of formal probation for stealing $6.9 million from investors in a Ponzi and real estate fraud scheme. Th
...
12/20/2011
