Update on Mortgage Fraud.

By
Real Estate Broker/Owner with Independent Real Estate Broker DRE#00972295

 

This is an update on a post I wrote a few years ago about Mortgage Fraud.  I was helping someone who had been a victim of the "strawBuyer" scheme /fraud.  

When she told me her sad story, I just couldn't ignore her.  Even though I had never met her, I felt an obligation as a human being to help her.

 

Well, finally I convinced the Lender to at least investigate this file!  The lender ended up foreclosing but they didn’t report it on the victim’s credit report, which was a good thing. What bugs me more about this whole thing is that those scoundrels who used this lady’s name as a "straw buyer" are still in business!

 

We can all do our small part to help clean up the real estate industry.  This is my contribution.  Help me by posting your stories in my group:  Real Estate Fraud, Scams and Ponzi schemes REPORT THEM HERE!  

 

Posted by

Aida Pinto (562) 884-6196
Los Angeles County
Real Estate Broker



The Real Estate Maven : https://www.facebook.com/aRealEstateMaven?ref=hl

 

Short Sale, Probate and standard real estate expert.

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Topic:
Lending / Financial
Location:
California Los Angeles County
Groups:
ETHICS and the REALTOR
FRAUD, Scams and Ponzi schemes REPORT THEM HERE!
Realtors®
Realtors Needing the services of the Lending Powers
The Vent
Tags:
real estate fraud
mortgage fraud
foreclosures
foreclosures scams

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Rainmaker
841,158
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Good morning Aida.

Jun 12, 2011 10:42 PM #1
Rainmaker
230,629
Dee Mayers
Covina, CA
San Gabriel Valley, CA

Sooner or later the long arm of the law will catch up to anyone perpetuating a fraud.

Jun 13, 2011 02:00 PM #2
Rainmaker
151,904
Aida Pinto
Independent Real Estate Broker - Los Angeles, CA
Real Estate Broker (562) 884-6196

Good afternoon Joshua


Hi Dee...thanks for your comment...trying out firefox, I hope this comment will paste ok...I've been having problems with the html codes showing up.

Jun 13, 2011 02:12 PM #3
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What's the reason you're reporting this blog entry?

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Rainmaker
151,904

Aida Pinto

Real Estate Broker (562) 884-6196
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