Archives For Mortgage Fraud on the web

Man convicted in real estate scheme faces new allegations

He was convicted of hijacking a home – and now the I-Team has learned the same man is being accused in another real estate scheme known as “deed shifting.”

It involves a program in which people can rent-to-own a home – a less expensive way to achieve the American Dream. But one homeowner discovered that a house he paid for was never really his.

Cherry Hill Man Defrauded Burlington County Residents Out of $146,000

A Cherry Hill man who held himself out as a mortgage loan specialist has been charged with theft and other charges that he allegedly used $146,000 for personal expenses that had been paid to him by four Burlington County residents seeking loan assistance, authorities said on Wednesday.

Mark L. Begley, 50, was charged with second degree theft by deception, two counts of third degree theft by deception, second degree misapplication of entrusted property, two counts of third degree misapplication of entrusted property, third degree filing a fraudulent or false income tax return, two counts of third degree failure to pay/remit taxes and third degree failure to file a return.

Prison for O.C. woman who offered bogus foreclosure relief

A 30-year-old Costa Mesa woman pleaded guilty Wednesday to federal charges stemming from a foreclosure rescue fraud scheme that targeted homeowners with bogus promises of mortgage relief.

Najia Jalan entered her plea in Los Angeles federal court to charges of mail fraud and aggravated identity theft.

Brooklyn swindler weeps as he pleads guilty to $11M mortgage fraud scheme

A sniveling swindler pleaded guilty Wednesday to participating in an $11 million mortgage fraud scheme in Brooklyn and going on the lam for four years before he was captured in Canada.

John Star, a Nigerian-born and Yiddish-speaking real estate broker, blubbered throughout the proceeding and at one point his lawyer requested a recess so he could compose himself.

Sentencing delayed again for Boulder man convicted in real estate scam

A Boulder man convicted of stealing more than $30,000 from an elderly woman in a real estate scam is now scheduled to be sentenced in August after his hearing was delayed today.

Gilbert Million was convicted by a jury in May of five felonies, including criminal exploitation of an at-risk elder, theft of $20,000 to $100,000, attempted theft of $500 or more from an at-risk elder, offering a false instrument for recording in the first-degree, and criminal impersonation.

Freddie Mac has sold via auction 5,398 deeply delinquent non-performing loans (NPLs) from its mortgage investment portfolio on March 25th, 2015. The loans have an aggregate unpaid principal balance (UPB) of $985 million. The transaction is expected to settle in early May 2015.

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Fox17court GRAND RAPIDS, Mich. “” Six of seven defendants indicted in connection with a CDC Investments mortgage scheme were sentenced this week. U.S. Attorney Pat Miles along with U.S. District Judge J. Jonke

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Pamela Black, 65, a mortgage loan officer, also pleaded guilty to one count of conspiracy to commit bank, mail and wire fraud. She was sentenced last year to time served and three years of supervised release,…

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A 52-year-old Escondido woman has been sentenced to more than five years in prison for bank and tax fraud tied to an eight-year real estate scam, authorities said. A U.S. District judge in Los Angeles on…

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azcentral.comJerry Craig Sr., the former owner of Phoenix-based Spectrum Financial, has pleaded guilty to one count of conspiracy to commit wire fraud for residential deals involving mortgage fraud, straw…

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