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Apparently, the Deprtment of Justice, along with the IRS, Secret Service, and FBI did a sweep this morning arresting 60 people in Houston for Mortgage Fraud. They also made arrests in Chicago, Miami, and some other regions.

Since March they have arrested well over 400+ people under Operation "Malicious Mortgage".

In the near future they will continue to sweep the metro areas accross the country, arresting those who participated in mortgage fruad over the last few years.

 

 

10 Comments on 60 arrested in Houston this morning for Mortgage Fraud - Coming to a City Near You!

Joseph.  We're on the same wave link.  I just posted along the same lines with more.  Check it out.

I love this.  I've been waiting for this news for a year.

 

06/19/2008 01:31 PM by Lenn Harley, Homefinders.com, MD & VA Real Estate

I guess there will be some people who will not be sleeping to well tonight! I know quite a few agents and mortgage brokers who will be looking behind themselves now that it has started!

06/19/2008 01:34 PM by Sellstate Advantage Realty

Joseph.....wonderful news! With all of the fraud perpetuated by real estate professionals, it's time to pay the piper. ;-)

Pepper

06/19/2008 01:36 PM by Mesa, Arizona Real Estate *** Teri Ellis, Broker, ABR,CRS,GRI,ePRO,MRE (Homes Arizona Real Estate LLC)

Yes. They will be visiting the Northeastern portion of the country soon.

 

It's great that they are cracking down on this.

06/19/2008 01:38 PM by Joseph Grabowski, REALTOR - 4saleinbucks.com (Keller Williams Preferred Real Estate)

I am SO happy about this! Can I send them a list???? I'm just not sure who I would start with, but I have an idea....

06/19/2008 01:39 PM by Cathy Daniel (Coldwell Banker Amaral & Associates)

Lets hope the only Real Estate they see for the next 5 years is behind bars.

06/19/2008 01:53 PM by Steve Glose, Keller Williams Central Florida (Keller Williams)

Exciting news. Especially for every buyer that has been taken advantage of!

06/19/2008 01:53 PM by Liz Ward Small (The 3 B Method)

It is time indeed for a clean slate. Enjoy and remember don't drop the soap.

06/19/2008 02:00 PM by Frank Rubi Louisiana Real Estate-Homes for Sale (Specialized Real Estate Services, Inc.)

Cathy, yes  you can report people for the suspicion of mortgage fraud.

06/19/2008 05:58 PM by Joseph Grabowski, REALTOR - 4saleinbucks.com (Keller Williams Preferred Real Estate)

Good, it couldn't happen to a nicer set of folks.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

08/13/2008 10:29 PM by Todd Clark (Realtor), GRI (Washington Co, Beaverton Oregon) (Kastings & Associates, Beaverton Oregon Real Estate)

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Real Estate Agent: Joseph Grabowski, REALTOR - 4saleinbucks.com (Keller Williams Preferred Real Estate)
Joseph Grabowski, REALTOR - 4saleinbucks.com
Yardley, PA
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Keller Williams Preferred Real Estate

Office Phone: (215) 493-0200
Cell Phone: (267) 249-0538
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