ARCHIVED BLOG POSTS

2010 

Jodi Lee Nazir, former Rancho Cucamonga, California real estate agent was located in Manhattan, New York and arrested on April 6, 2010, by US Marshals as a fugitive from justice, on an outstanding felony warrant for embezzlement of funds from her Rancho Cucamonga company's Escrow Trust Account. N...
04/20/2010
Homeowners facing foreclosure have always been vulnerable to scammers, con-artists, and thieves. When property values were appreciating rapidly, foreclosure rescue scams primarily focused on obtaining title to the home and robbing homeowners of their equity. Today with property prices still depre...
04/20/2010
Our steady growth affords the opportunity to bring on-board qualified Quality Assurance Auditors with experiences in Underwriting, mortgage operations and quality control. We are hiring immediately on a contract 1099 basis. We are accepting applicants that have a home office setup. We are able to...
04/14/2010
These defendants changed real estate records and used other fake documents to place seniors in houses worth only a fraction of the amounts represented, and divert loan proceeds to themselves. It is important to note that institutions don't commit fraud, companies don't commit fraud - people commi...
04/14/2010
Criminals also to blame for housing crisis! A lot of blame for the housing crisis that helped drive our nation into a financial crisis has been heaped on "greedy" bankers and home buyers trying to live beyond their means.But there was another element that should not be forgotten - and that was ou...
04/13/2010
A motivational speaker, who had authored a real estate book and had an infomercial on making money in real estate that ran on late night television, largely orchestrated the scheme. Read the whole story @ http://tinyurl.com/y4sotl4 The bad guys and gals use the latest technology to commit fraud; ...
04/12/2010
FHA TAKES ACTION AGAINST RSA FINANCIAL and 1st ALLIANCE MORTGAGE and also reaches settlement agreements with two other lenders  WASHINGTON - The Federal Housing Administration (FHA) today announced that it is permanently withdrawing its approval of Atlanta-based RSA Financial, Inc. and 1st Allian...
04/05/2010
The Now-Failed Omni National Bank Helped Fund Millions in Loans for Convicted Mortgage Fraudster Mark McBride. Omni also has been linked to other mortgage fraud operations uncovered by regulators, stolen multiple identities and another where they falsified the income and employment records of bor...
04/05/2010
Current authorization for the National Flood Insurance Program (NFIP) expired on March 28, 2010. Therefore, the NFIP does not have authority to issue new or renewal policies at this time. Congress will not take up consideration of the bill again until April 12, 2010. Therefore, borrowers with pro...
04/02/2010
As you know real estate is a people profession. From the real estate agents in the field to the loan officers or loan processors working with borrowers to the title agents sitting down with families closing on their first home, we are people serving people. Those who would commit fraud know this,...
04/02/2010
Rainmaker
51,563

Michael Richardson

First Colorado Lending
local_phone303-974-7777
Contact The Author