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broker: Mortgage Broker "Not a Bad Guy" Despite Pleading Guilty to Stealing Millions - 11/29/07 06:18 AM
The broker-owner of a bankrupt mortgage company pleaded guilty Wednesday afternoon to mail fraud charges in federal court in Harrisburg. His attorney says he is "not a bad guy" despite the loss of millions of dollars of missing or stolen money - and placing over 800 borrowers in deep mortgage debt.
Wesley … (1 comments)
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broker: More Victims of Mortgage Scam Identified - 11/02/07 10:09 AM
The deep roots of Personal Financial Management entangled mess is worse than thought. Individual investors are now surfacing: one is a Willow Street (Lancaster County, PA) woman who is likely to lose $852,000.
The latest on this debacle is available from the Lancaster Newspapers at: http://local.lancasteronline.com/4/211751
and WGAL Channel 8:
http://www.wgal.com/news/14473901/detail.html
There are other … (1 comments)
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broker: Proposed Law to Crack Down on Mortgage Scammers - 10/31/07 01:57 PM
More fall out from the Pesonal Financial Management debacle (see my other blog posts) has resulted in the local state representative proposing stiff penalties in a new law.
State Representative John Bear today announced that in response to the recent actions of a mortgage lender operating in Lancaster and Berks counties, … (2 comments)
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broker: Kick Back Investor Gets 14 Years for Real Estate Scams - 10/30/07 12:42 PM
From the Lancaster Newspaper:
PHILADELPHIA - Mickey Allen Weicksel, a former Lancaster real estate investor who obtained about $4 million in kickbacks through a real estate scam, was sentenced Tuesday to 14 years in prison.
Federal District Judge Barclay Surrick in Philadelphia also sentenced Weicksel, 40, to serve five years probation after … (4 comments)
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broker: Federal Judge Tells Homeowners, Mortgage Banks to Work Together - 10/24/07 01:05 PM
Lancaster's WGAL Channel 8 is reporting that a Federal judge is telling home owners and their mortgage companies to work together in the Pesonal Financial Managment mess. From the web site:
PHILADELPHIA -- Wednesday morning a federal judge in Philadelphia threw out a ruling that had temporarily protected homeowners who had been … (0 comments)
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broker: Influencing Appraisers Could Become a Federal Offense - 10/22/07 08:38 AM
Here's a press release I recently received:
KANJORSKI INTRODUCES ESCROW, APPRAISAL, AND MORTGAGE SERVICING IMPROVEMENTS ACTComprehensive Bill to Improve Consumer Protection Enhances Mortgage Servicing Standards and Appraiser Independence
WASHINGTON - Congressman Paul E. Kanjorski (D-PA), the chairman of the House Financial Services Capital Markets, Insurance, and Government Sponsored Enterprises Subcommittee, today introduced … (4 comments)
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broker: Help Center Being Established for Swindled Home Owners - 10/19/07 02:58 PM
A group of state lawmakers is joining forces with local agencies to offer help to homeowners affected by the bankruptcy of Personal Financial Management. (See other entries on my blog about the 800 plus homeowners here in Lancaster, Chester, Berks, & Lebanon counties that have been apparantly swindled by the owner … (0 comments)
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broker: More on the Personal Financial Management Debacle - 10/18/07 09:51 AM
Lancaster's WGAL-TV8 also covered this week's meeting of the mortgage holders that have been burned by Personal Financial Management. Here is the link to their coverage:
http://www.wgal.com/news/14359656/detail.html
Channel 8 is reporting that people traveled as far away as Delaware to attend the meeting. Also:
The former customers also talked about how the … (0 comments)
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broker: Over 500 Meet to Discuss Broker's Bankruptcy - 10/18/07 09:21 AM
OPFM Inc., which operated as Personal Financial Management Inc., and Image Masters Inc., at 1672 Manheim Pike, Lancaster, PA, and was based in Reading, Berks County, Pennsylvania, came under fire again this week.
These companies, operated by Wesley A. Snyder, are now under bankruptcy protection. However it appears that Snyder's companies … (2 comments)
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George Sheldon
Lancaster,
PA
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George Sheldon Photographer
Address: 1913 Saint Regis Lane, Lancaster, PA, 17603
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