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

By
Real Estate Agent with Keller Williams Preferred Real Estate

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.

 

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Ambassador
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

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.

 

Jun 19, 2008 06:31 AM #1
Rainer
40,388
Mike Kelly
Sellstate Advantage Realty - Cape Coral, FL

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!

Jun 19, 2008 06:34 AM #2
Rainmaker
416,436
Mesa, Arizona Real Estate Mesa Arizona Realtor
Homes Arizona Real Estate LLC - Mesa, AZ
AzLadyInRed

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

Pepper

Jun 19, 2008 06:36 AM #3
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19,093
Joseph Grabowski
Keller Williams Preferred Real Estate - Yardley, PA
REALTOR - 4saleinbucks.com

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

 

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

Jun 19, 2008 06:38 AM #4
Rainer
7,149
Cathy Daniel
RidgeWater Real Estate Services - Brentwood, CA

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....

Jun 19, 2008 06:39 AM #5
Rainmaker
482,637
Steve Glose
Keller Williams Classic Group - Orlando, FL
TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla

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

Jun 19, 2008 06:53 AM #6
Rainer
52,405
Elizabeth Ward Small
REALTOR & CEO The 3B Method Seminars - Burlington, NC

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

Jun 19, 2008 06:53 AM #7
Ambassador
920,857
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

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

Jun 19, 2008 07:00 AM #8
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Joseph Grabowski
Keller Williams Preferred Real Estate - Yardley, PA
REALTOR - 4saleinbucks.com

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

Jun 19, 2008 10:58 AM #9
Ambassador
2,137,194
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

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

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

Aug 13, 2008 03:29 PM #10
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1,418
Jeffrey Riggs
Zip Realty, Inc. - Midlothian, VA

Maybe they will arrest all the crooks at FannieMay and FreddieMac.  Thats where the real fraud was going on. 

Jun 14, 2009 03:04 PM #11
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Joseph Grabowski

REALTOR - 4saleinbucks.com
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