Foreclosures and Fraud - Two Peas in a Pod  
by
John Occhi, Hemet REALTOR®  
Preforeclosure Consultant   

We all know two things about this market - both foreclosure and fraud are on the rise and the two go together like a hand and a glove.  Where you find one, the other will be.

                                                                              

I was reading my industry news ezines this morning, when I opened up an interesting article published by RISMedia and found an article that caught my attention, "As Foreclosures Rates Rise, so Does Fraud".

The short article details how scammers take advantage of buying undervalued homes and then using them as pieces in their schemes.  One scheme is illegal cash back at the closing and another they discuss is illegal flipping by putting minor repairs on a home and selling it for an over-valued price using fraudulent appraisals - often targeting minorities and others with poor credit and lack of documentation.

As I finished reading, I realized the author is none other than our own ActiveRain Blogger, Ralph Roberts.  I subscribe to his blog and my only complaint is that he does not contribute enough here in the Rain - but what he has to say is always very timely.  Ralph is an anti-fraud advocate and worth the read if you are at all concerned with the future of our industry.

Now Have a Blessed Day,

John Occhi, Hemet CA REALTOR®
Mission Grove Realty
Hemet CA Real Estate and Preforeclosure Services

Until Next Time, Have a Blessed Day,

John Occhi, ePRO & Five Star Certified REO REALTOR®
www.JohnOcchi.Com
Hemet - San Jacinto Valley, CA 
The Excellence in Real Estate Team @
Allison James Estates & Homes
2281 W. Esplande Ave, #102-B
Next to "Starbucks"
San Jacinto CA 92582
(951) 654-5550

ePro,John Occhi,www.johnocchi.com,realtor     Five Star Logo,Certification,REO,Five Star Institute LeTip,Networking,John Occhi,www.JohnOcchi.com

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This blog and the contents written here is the intellectual property of John Occhi, Hemet - San Jacinto Valley REALTOR® in the South West Riverside County region of the Inland Empire of Southern California.  The views and opinions expressed are just that - views and opinions of John Occhi and those who comment.  Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance. 

This blog is part of the ActiveRain Real Estate Network, which is a social network highlighting the best of Web 2.0.  Information is provided with the intent of educating and assisting home owners, home sellers, home buyers and real estate investors with information the can be used to make better real estate decisions. 

I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.

 

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8 Comments on Foreclosures and Fraud – Two Peas in a Pod

AUG
31
2007
582,477 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router
I just read an article by Ralph sent out through Realty Times today. He is an excellent resources. Hey, Ralph where are you.
11:54am • #1
SEP
01
2007
876,704 Points 68 Featured Posts Outside Blog

I have the same problems with Fraudsters and I do a very extensive interview with investors that I meet to make sure that they are on the up and up, including asking past clients for their opinions. I have fired many potential clients based on the fact that I didn't feel they were there to help, but rather rip off.

12:19am • #2
240,643 Points 8 Featured Posts Localism Sponsor Outside Blog

 Ann Arbor Real Estate |Missy Caulk - He certainly is and I do enjoy reading his work.

Now Have a Blessed Day,

John Occhi, Hemet CA REALTOR®
Mission Grove Realty
Hemet CA Real Estate

8:22am • #3
240,643 Points 8 Featured Posts Localism Sponsor Outside Blog

Todd Clark (Realtor), GRI (Washington Co, Beaverton, Oregon) - I've never gone so far as to check out a clients past clients .  I have a pretty good feel.  I like the chorus of Kenny Rogers song, the Gambler...

You've got to know when to hold em,

know when to fold em,

You've got to know when to walk a-way ,

and know when to run...

Now Have a Blessed Day,

John Occhi, Hemet CA REALTOR®
Mission Grove Realty
Hemet CA Real Estate

8:26am • #4
270,512 Points 18 Featured Posts Outside Blog
John - more great info thanks - isn't it great we've got such knowledgeable members here.  
11:14am • #5
240,643 Points 8 Featured Posts Localism Sponsor Outside Blog

Clearwater Florida Real Estate | Cyndee Haydon for Homes ~ Condos ~Waterfront - You are going to get the comment poster of the day award.  Yes there is some really great information throughout all of active rain - now it is your turn to pay if forward.

Have a Blessed Day,

by John Occhi, Hemet REALTOR®  
Mission Grove Realty 

1:32pm • #6

My name is Ryan C. Jennings. My home at 619 E. 97th Street was my primary residence while I worked at Burns & McDonnell Engineering firm and while owning Suzi's Casual Dinin in South Kansas City.

The home was financed through ABN-Amro Mortgage Company in which
my brother Jonathan Jennings is listed a a defendant in a federal Real Estate Scandle.  I was forced out of my house by Anna M. Jennings hiring a team to place a dumpster in front of the house, cleaning out all of my computers, equipment, furniture etc. 

I couldn't figure out why all the lies, deceipt, and bereavement were focussed toward me.  Until I saw the fraudulent signature done by my brother, mother, and father, (Jonathan, Anna, and Ronald Jennings) in part of Jonathan Jennings' and Nathan Brinkles Real Estate Scam that has now been prosecuted on a first step toward justice in Jackson County Missouri Federal Court System.  I am thus far very dissapointed with the Case Results.  I blame Don Roscoe, the federal Government and any other person associated with the up-trickle of blood/money trail that proceeded any activity within or surrounding the case scenario. 

Details found including the falsified signature done by Jonathan T. Jennings Anna M. Jennings and Ronald E. Jennings regarding my ID Theft.  Available at the link below:

http://rjennings.squarespace.com/

P.S. You can also follow the instructions at the Jackson County Recorder of Deeds Website Search Utility to review the fraudulent deeds and other associated material at the following link:

https://records.co.jackson.mo.us/localization/menu.asp

 

I got tazed about 76 times while fighting two paid thugs in this property.  They falsified a showing of the location.  They swore up and down there grandmother was moving from Florida and really wanted the house.  As soon as I let them in the door they pulled out tazer guns and shot them into my chest. I continued to fight both thugs who claimed to be bondsman from Kansas.  However, there is a non-extradition law between our two states.  I was eventually relieved from the situation when Essence my neighbor called for help!  The police arrived and told the thugs to beat-it and an ambulance took me to Truman East at my request of what hospital to go to.  I was later told that my mother Anna M. Jennings paid the two thugs to kill me. 

I couldn't believe it, however for some reason my mother wouldn't come to the hospital and pickme up.  And I was later told that she directed the two thugs to go to my uncles house if they missed me at the 619 E. 97th Street Kansas City Missouri Property.  I guess I am a son-of-a bitch!

Ryan Jennings
22676

Ryan C. Jennings
4:13pm • #7
240,643 Points 8 Featured Posts Localism Sponsor Outside Blog

Ryan C. Jennings - This is one of the strangest stories I have ever heard - I had to re-read it several times to make sure I understand what is actually being said here.  What amazes me is this is your parents and your brother doing this...To be honest with you, my heart goes out to you, but I do not think I want to here any more - it is downright scarey.

Thank you for sharing,

 Have a Blessed Day,

by John Occhi, Hemet REALTOR®  
Mission Grove Realty 

6:25pm • #8

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John Occhi, ePRO, Hemet-San Jacinto CA Real Estate, 951-443-6259

Hemet, CA

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Allison James Estate and Homes

Address: 2281 W. Esplanade Ave., #102-B, Hemet - San Jacinto Valley, San Jacinto, CA, 92582

Office Phone: (951) 654-5550

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