real estate fraud: Happy Thanksgiving from Ralph Roberts @ Flipping Frenzy
- 11/27/08 12:29 PM
Happy Thanksgiving from activerain member Flipping Frenzy To everyone who takes the time to read our blog, wage battle against real estate and mortgage fraud, and who believes in the power of new media journalism and citizen participation... we offer the following thoughts on how to observe this Thanksgiving: Count your blessings instead of your crossesCount your friendship and knowledge gains instead of your losses. Count your joys instead of your woesCount your friends instead of your foes. Count your smiles instead of your tearsCount your courage to fight on instead of your fears. Count your full years instead of your leanCount … (2 comments)
real estate fraud: Mortgage Fraud: Unraveled by Ralph R. Roberts activerain member
- 08/27/08 02:34 PM
Mortgage Fraud: Unraveled by Ralph R. Roberts Leading real estate and mortgage fraud forensic analyst was the first to report the facts to local and federal authorities DETROIT, Aug 27, 2008 /PRNewswire via activerain/ -- Ralph R. Roberts, a nationally known real estate and mortgage fraud forensic analyst and the co-author of "Protect Yourself from Real Estate and Mortgage Fraud: Preserving the American Dream of Homeownership" (Kaplan), is available to talk with the media about the recent mortgage fraud allegations involving Detroit Pistons' basketball player Lindsey Hunter. Roberts -- who is one of the world's foremost experts on spotting and preventing … (2 comments)
RISMEDIA, August 27, 2008-There's been so much talk about agent teams recently. Are they good for the industry? Are they bad for the broker? Regardless of the answer, they're popping up everywhere-from small towns to giant metros. Big or small, these mini-powerhouses have changed the way practitioners work with their buyers and sellers. Jacky Teplitzky, managing director, Prudential Douglas Elliman is one of three panelists … (0 comments)
real estate fraud: Real Estate @ Mortgage Fraud Statistics
- 08/23/08 03:53 PM
Mortgage Fraud StatisticsAccording to the Federal Bureau of Investigation (FBI), which earlier this month issued yet another Mortgage Fraud Advisory, here are the latest Real Estate Fraud statistics:Estimated Annual Losses: $4 billion to $6 billionTotal Mortgage Fraud Suspicious Activity Reports in Fiscal Year 2007: 46,717, with $813 million in lossesTotal FBI Mortgage Fraud Task Forces/Working Groups (June 2008):42Pending FBI Mortgage Fraud Investigations (May 2008): 1,380Cases opened in Fiscal Year 2007:462 (compared to 295 in Fiscal Year 2003)Successes in Fiscal Year 2007: 321 indictments/informations; 260 convictions States with Significant Mortgage Fraud problems in 2008:Florida Nevada Michigan "my State"California Utah Georgia Virginia Illinois … (1 comments)
real estate fraud: Fredric “Rick” Dryer Found Guilty on 44 Counts in Colorado Real Estate Fraud Case
- 07/17/08 02:47 PM
Fredric "Rick" Dryer Found Guilty on 44 Counts in Colorado Real Estate Fraud Case Updated: 9:05 P.M. ET, July 17, 2008 According to reports out of Denver, Colorado, Fredric "Rick" Dryer has been found guilty on 44 out of 60 felony counts in a securities fraud case involving Dryer's former company, Mile High Capital Group, LLC. From Bob Mook at the well-respected Denver Business Journal: Dryer- the self-described multimillionaire, real estate guru and founder of Mile High - was found guilty on counts of violations of the Colorado Organized Crime Control Act, conspiracy to commit securities fraud, securities fraud and theft. … (4 comments)
real estate fraud: Declaring the Foreclosure Epidemic a National Disaster
- 11/03/07 12:11 PM
Declaring the Foreclosure Epidemic a National Disaster by Ralph R. Roberts The American Red Cross estimates that more than 350,000 homes were destroyed by Hurricanes Katrina and Rita, while an additional 146,000 had major damage. Wildfires in Southern California consumed over 1,600 homes and other structures, were threatening 68,500 more, and had displaced over 500,000 people. These are truly natural and national disasters, but in some ways they are dwarfed by the man-made disaster that is currently afflicting the housing industry all across the nation. For the third-quarter of 2007, Realty Trac reported more than 446,000 foreclosure filings, including default notices, auction … (15 comments)
real estate fraud: activerain Writing about Con Artists: The Double-Edged Sword
- 07/28/07 11:35 AM
Writing about Con Artists: The Double-Edged Sword I recently co-authored a book about real estate and mortgage fraud called Protect Yourself from Real Estate and Mortgage Fraud: Preserving the American Dream of Homeownership with attorney Rachel Dollar. In the book, we offer detailed descriptions of how various scams are pulled off. The intent was not to provide a how-to manual for con artists but to educate real estate professionals and consumers, so they are better equipped to defend themselves against these crooks. As soon as the book hit the market, several people posted messages on my blog FlippingFrenzy.com claiming that our … (6 comments)
real estate fraud: activerain i will be Crusading against Real Estate and Mortgage Fraud, 100 People at a Time
- 07/18/07 11:55 PM
Crusading against Real Estate and Mortgage Fraud, 100 People at a Time To help kick off RISMedia's 2nd Annual CEO Exchange (July 23 & 24 at the Sanctuary Golf Course and Clubhouse in Salida, Colorado), I will be providing each attendee a complimentary copy of my latest book, Protect Yourself from Real Estate and Mortgage Fraud: Preserving the American Dream of Homeownership, co-authored with Rachel Dollar, a legal expert in the mortgage lending industry. If you're unfamiliar with the CEO Exchange, it's an exclusive gathering of over 100 top brokers and Real Estate industry leaders for the purpose of discussing the most pressing … (2 comments)
real estate fraud: Buying a High Credit Score
- 06/05/07 01:01 PM
Buying a High Credit Score In the market for a mortgage loan with a low interest rate? Instead of qualifying for a discount rate by earning a good credit score, you can simply buy your way to a great credit score-the kind of score that convinces lenders to loan you money at lower interest rates. You simply piggyback on someone else's excellent credit history. Here's how it's done: A credit enhancement company pays people who have excellent credit histories to allow others to be listed, temporarily and in name only, on their credit cards. The credit enhancement company then allows people with lousy … (9 comments)
Cash back deals are stitched into the very fabric of the U.S. economy. Manufacturers promote their products with cash rebates. Credit card companies offer cash-back on purchases. Even banks dangle cash-back deals to attract new customers. Now, home buyers and con artists are jumping on the cash-back bandwagon, and plenty of our own people -- real estate professionals -- are tripping over themselves to cater to them. On its surface, cash back at closing seems like a win-win situation. The buyer simply pays a little more for a property than … (16 comments)
real estate fraud: RALPH ROBERTS on "REAL ESTATE FRAUD" with FBI STATISTICS
- 11/05/06 10:38 PM
FBI Releases Latest Real Estate and Mortgage Fraud StatisticsThe FBI just released its latest figures on real estate fraud, and for some parts of the country, the news isn’t very good! According to the FBI, Southern California has the most reports of mortgage fraud in the country, topping the closest region in the number of reported cases by over 35 percent. Since January 1 of this year, the FBI has received 2,293 reports of suspected fraud in the Los Angeles area alone, and 4,228 in the Southern California region. Real estate industry insiders in a number of ways initiate reports of … (0 comments)
real estate fraud: RALPH ROBERTS on "REAL ESTATE FRAUD" and "MORTGAGE FRAUD"
- 11/05/06 10:22 PM
Mid-West Tops the List of Real Estate and Mortgage Fraud ‘Hot Spots’With fewer houses selling, increases in foreclosures and real estate prices dropping, the housing market is experiencing the “soft landing” that has been long predicted, and the mid-western United States is once again the most vulnerable part of the country when it to real estate fruad. Earlier this week, CoreLogic released the latest edition of the Core Mortgage Risk Monitor, a report that forecasts the geographic regions most likely to experience the economic consequences of increased levels of fraudulent activity over the next 12 to 18 months. According to the latest … (2 comments)
real estate fraud: "Bonnie and Clyde" Mortgage Broker Caught In Texas by RALPH ROWLAND ROBERTS
- 10/22/06 01:31 AM
"Bonnie and Clyde" Mortgage Broker Caught In Texasby Ralph Roberts<!-- Body -->Chalk one up for the good guys. In case you haven't heard, federal authorities in Texas just arrested Rebecca Hauck, the alleged co-conspirator of real estate and mortgage fraud poster-child, Matthew Cox. In the world of real estate and mortgage fraud forensics, Cox and Hauck are akin to Bonnie & Clyde. Their dirty deeds are rumored to stretch from coast to coast, and now that one of them is in custody, we're perhaps only moments away from seeing the other one behind bars as well. According to various news sources … (2 comments)
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Happy Thanksgiving from activerain member Flipping Frenzy;)
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