HUD Jammed Us Up Again - 05/14/09 02:07 PM
On Tuesday a letter was issued by HUD letting us know that the $8000 first time home buyer's credit could be used for down payments for FHA loans.  A few news stories broke out immediately following that exciting news.  At least we thought it was exciting news.  Within a couple of days the story reversed.  Never mind, HUD withdrew the letter.  They were only kidding.
After sending out what I thought was exciting news, I had to send out another message a day later to my clients and fellow real estate professionals, letting them know that the HUD letter and information … (13 comments)

Mortgage Fraud Makes it Way to the Islands - 05/14/09 02:09 AM
In our local news there has been a series of stories about a mortgage broker team who were committing mortgage fraud.  They were also trying to trick people out of their homes. 
The wife mortgage broker’s wife set up a fake escrow company and used shill buyers to supposedly help folks refinance their homes.  They told people they were temporarily putting the deeds in the names of the shill buyers to make the refinance work and the cash they got out would be held in escrow to help make the mortgage payments.   They later tried to evict the duped owners.  … (17 comments)

 
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Randy L. Prothero - Hawaii REALTOR® (808) 384-5645

Island Style Realty Inc. - "The Prothero Group"

Mililani, HI

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Island Style Realty Inc.

Address: 94-539 Puahi St., #B, Waipahu, HI, 96797

Office Phone: (808) 671-2225

Cell Phone: (808) 384-5645

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