Former Title and Escrow Agent Indicted for Mortgage Fraud Case Involves More Than $1.8 Million in Loans =================================== WASHINGTON-Ronald Johannes Sneijder, 48, a former owner of a title and escrow company based in the District of Columbia, has been indicted on federal charge
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05/17/2011
Man Sentenced for Providing False Information to a Financial Institution Paul Redondo, 34, Meridian, Idaho, was sentenced in federal court to three years' probation, three months of home detention, and 80 hours of community service for misdemeanor theft from a financial institution. U.S. Magistr
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05/17/2011
Couple Admit Mortgage Fraud Charges Garret Griffith Gililland III, 29, and Nicole Magpusao, 31, both formerly of Chico, California, and now in federal custody, pleaded guilty before Senior United States District Judge Edward J. Garcia. Gililland pleaded guilty to one count of mail fraud and one
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05/17/2011
Loan Officer Sentenced to 19 Years in Prison Michael Pahutski, 48, Gastonia, North Carolina, was sentenced to 19 years imprisonment to be followed by five years of supervised release. Pahutski was also ordered to perform 200 hours of community service and pay restitution of approximately $3.5 mi
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05/16/2011
Department of Justice Press Release For Immediate ReleaseMay 16, 2011 United States Attorney's OfficeDistrict of New Jersey Contact: (973) 645-2888 Owner of New Jersey-Based Mortgage Foreclosure Rescue Companies Pleads Guilty to $10 Million Mortgage Fraud NEWARK, NJ-A West Orange, N.J., man who
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05/16/2011
#1140 A buyer paid $460,000 for the house. The lot was valued at $65,000. The mortgage was for $200,000. After all is said and done, how much equity does the homeowner have in the place ? A. $260,000 First of all, the value of the lot has
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05/15/2011
#1139 Homeowner's purchase homkeowner's insurance because they know that homeowner's insurance will replace old furniture and roofs when these things need replacing. True or false ? A. False Homeowner's insurance doesn't cover replacement bec
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05/15/2011
#1138 A homeowner's house was constructed in such a way so that the floor of the house was built nearly two feet above a one hundred year old flood mark. The homeowner wants to apply for a federally related home loan. The lender must require floo
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05/15/2011
#1137 A mortgage broker told a homeowner that he could deduct the appraisal fee from his annual gross income for income tax purposes. Is this true or false ? A. False It could be considered a fraudulent misrepresentation of facts regarding the
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05/15/2011
#1136 A homeowner insurance policy contained a provision for coinsurance along with coverage that insured the home for total replacement cost. The home burned down and the homeowner had to settle for the present cash value of property da
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05/15/2011
