Mortgage Fraud... Ya Think!?!?!?! (Part 2) - 02/16/11 02:31 PM
I've been tracking a lot of suspicious activity with what looks like mortgage fraud...View Part 1 of my seriesHow did these fraudsters do it?  Here's another example of what I percieve as mortgage fraud...  All the facts are real, as I cannot make this stuff up folks!
Acquired 12/01/2006-- $1,130,500 (99.997% Loan-to-Value)Loans: 1st T.D. --$904,200           2nd T.D.-- $226,000Total Loans $1,130,200Reverted to Lender on 05/08/2008 (17 months after acquisition)Sold as bank-owned property on 11/03/2008 --$760,500Loss to lender <369,700>Here's the sad part...  I had the listing across the street listed for $850,000-- it ended up selling as a short sale (not by me--I … (1 comments)

Mortgage Fraud... Ya Think!?!?!?! - 02/16/11 11:08 AM
This is the first part of what will be many parts of what I have personally researched and observed happening around where I live.  Properties have dropped quite a bit in value due to the high number of foreclosures and short sales.  It has been devastating.  What was happening under the surface is what most people do NOT know about, but consider the following scenario, which is absolutely a true statement of the facts:
Acquired 12/13/2006-- $1,115,000Loans:  1st T.D.-- $892,000            2nd T.D.--$ 223,000Total:  $1,115,000 (100% Loan-to-Value)Sold as a bank-owned property on 04/10/2009 for $550,000Loss to lender <$565,000>
 And another home BOUGHT … (4 comments)

Sales Statistics for Santa Clara County - 02/01/11 11:16 AM
Here are some recent sales statistics for Santa Clara County.  Data from Realist:

 
This includes homes for sale in Gilroy and Morgan Hill.
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Sales Statistics for Contra Costa County - 02/01/11 11:11 AM
Here  are some recent sales statistics for Contra Costa County.  Data from Realist:

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Sales Statistics for Alameda County - 02/01/11 11:08 AM
Here are recent sales statistics for Alameda County.  Data from Realist:

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Sales Statistics for Santa Cruz County - 02/01/11 11:05 AM
Here are recent sales statistics for Santa Cruz County.  Data is from Realist:

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Sales Statistics for Monterey County - 02/01/11 11:01 AM
Here are some recent sales statistics for Monterey County.  Data is from Realist:

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Sales Statistics for San Mateo County - 02/01/11 10:59 AM
Here are some recent sales statistics for San Mateo County.  Data is from Realist:

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Sales Statistics for San Benito County - 02/01/11 10:56 AM
Here are recent sales statistics for San Benito County.  Data is from Realist:

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