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On The Myth Of Walking Away
Housing Wire - USA
And in terms of investor-owned properties, it’s likely tough to ascertain just how many really are out there. We know that 20 percent of mortgage fraud — and there is plenty of it out there, as HW readers know — involved so-called "occupancy fraud."

Mortgage Delinquency On The Rise
CNNMoney.com - USA
Of the top 10 markets with the highest risk of delinquency, eight are in California and two are in Florida. Previously, markets in states like Michigan and Ohio, where the labor market has been weak, dominated the list of most delinquency-prone markets.

Report: About Half Of Cleveland's Subprime Loans Ended In Foreclosure
WTTE - Columbus, OH
The Cleveland Plain dealer is reporting that about half of the city's subprime mortgage loans written by top lenders in 2005 ended in foreclosure filings.

House Stealing on the Rise in the Midlands
WIS - Columbia, SC
Stealing someone else's house -- it may sound impossible, but it's happening around the country.

Prosecutors Say Real Estate Fraud Was Motive In San Ramon Murder
Inside Bay Area - Oakland, CA
Prosecutors charged an El Sobrante man today in connection with the murder of a San Ramon man that appears to have stemmed from an alleged real estate fraud involving a piece of property in North Richmond.

Local Family Wins Sweepstakes, Has Mortgage Paid Off
KSDK - St. Louis, MO
A St. Clair family no longer has to worry about paying a mortgage after winning a contest promising a free home mortgage..."I thought it was a scam that this wasn't real...no way this could happen to us," Michno said.

Scam Artists Move In As Foreclosure Crisis Builds In Salinas
Monterey County Herald - Monterey, CA
Hernandez told them it would better to stop paying their mortgage because they were going to lose the house anyway. He then offered his services to help them sell the property, and had paperwork ready for the couple to sign.

Fraud Alert Issued After Mortgage Files Dumped
Denver Post - Denver, CO
Consumers who did business with Cove Creek Mortgage Co. could become victims of identity theft after company files were thrown into a Dumpster over the weekend, officials warned.

Mortgage-Fraud Bill Heading To Crist
Bradenton Herald - FL
In the wake of Florida's real estate downturn and rapid rise in foreclosures, the state Senate passed a second bill in as many years Tuesday increasing the penalties for those convicted of mortgage fraud.

Foreclosures Have Rental Fraud Cases On The Rise In Florida
TCPalm - West Palm Beach, FL
...But Perham didn't know the man he was paying had allowed the house to go into foreclosure in April 2007 — before getting a renter. Perham's landlord didn't own the house...The bank did.

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