imageRachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar

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Recent Posts

- Mortgage Fraud Scheme Leads to 83 Count Indictment
- Beazer Homes Settles Accusations of Mortgage and Accounting Fraud
- Closing Agent Indicted for Misappropriating Funds
- Falsified Loan Apps Lead to Criminal Charges
- 4 Indicted For Using Stolen Identities to Obtain Loans
- New Jersey Man Indicted for Mortgage Loan Misreps
- Florida Man Sentenced for Role in $30 Million Mortgage Fraud Scheme
- Ohio Man Charged in Straw Borrower Scam
- Loan Mod Company Ordered to Cease & Desist
- Former Mortgage Broker Pleads Guilty in $1.6 Million Mortgage Fraud Scheme

Wednesday, January 23, 2008

Michigan AG Announces Second Foreclosure Forum

Eight Detroit, Michigan, zip codes are among the top ten in the nation for number of foreclosures.  Following up on the nation’s most widely attended mortgage foreclosure forum, Attorney General Mike Cox today announced that his office will be hosting a second “Avoid Foreclosure Forum” at Cobo Hall on February 12 from 12:00 noon to 7:00 p.m. Cox held the nation’s largest foreclosure forum in Detroit last month, where more than 4,200 homeowners had an opportunity to speak face to face with servicers and independent loan counselors. The forum is open to the public and free of charge.

“If you’re a homeowner who has fallen behind on your mortgage or are at-risk of losing your home, then I encourage you to take advantage of this free forum to speak with your loan servicer or an independent loan counselor,” said Cox. “Michigan is currently second only to Texas in the number of foreclosures across the nation. I encourage all homeowners with questions to attend my free forum and learn how they can avoid foreclosure.”

Cox organized the first “Avoid Foreclosure Forum” on December 13, 2007, at Cobo Hall.  The forum was the nation’s largest foreclosure event, bringing together 21 of the nation’s largest loan providers and servicers, as well as 11 HUD approved nonprofit agencies, representatives from OFIS (Office of Financial and Insurance Services) and local county treasurers’ offices.

Currently, 23 servicers, 19 government entities, and 7 HUD approved nonprofit counseling agencies have agreed to participate in the second Cobo Hall Avoid Foreclosure Forum. For more information on whether your loan servicer or provider will be attending, please visit http://www.michigan.gov/ag and click on the Avoid Foreclosure button.

Foreclosure is a problem that affects everyone,” continued Cox. ”My goal is to bring the servicers and homeowners together.” Letters from the Attorney General will be mailed out to more than 20,000 homeowners in the Metro Detroit region over the next two weeks. These mailings include a letter from the Attorney General, a flyer for free parking, a brochure with tools and tips to help save your home, and a worksheet to help borrowers prepare for their meetings. Homeowners who receive the letters have been identified as persons with whom a lender would like to discuss possible remedies to help the borrowers avoid foreclosure.

For more information about the “Avoid Foreclosure Forums,” including the free parking flier, the downloadable brochure with tools and tips to help save your home, and contact information for the lenders and service providers attending the “Avoid Foreclosure Forum,” please visit the Attorney General’s website at http://www.michigan.gov/ag.

   

Posted by Staff Reporter on 01/23/08 at 06:03 AM
Mortgage FraudMichigan • Total comments: (3) (0) Trackbacks
  1. Hey!

    Thanks for the post! Truly worth reading.

    Posted by  on  06/16  at  08:27 PM
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  3. What about those of us who already lost our homes? Who is doing anything about that. My home was stolen, I have spent tens of thousands of dollars fighting the Big Banks and have gotten nowhere.
    I did not lose my house because I could’nt pay my house payment. Money that I paid into escrow was “Mis-placed” my property was forfited to the county for over 22 months and going up for a tax forclosure sale. I had to spend over $3,000 to buy it back from the county and was issued a redemption certificate. I trie diligently to work things out with Countywide and Trott & Trott. There answer was to bad, it is not our problem that we missed placed your escrow money and we have no answers. Having to pay these back taxes to the county in which I already paid to the mortgage companies caused me to fall behind on my mortgage. Trott $ Trott forclosed in 27 day’s. Even though I tried to explain that there were other “mistakes” with the mortgage like for instance my property was slpit into two 40ft lots.I still own the driveway and garage.
    So now after hiring three difrent attorney’s who I believe were paid off to not do thier jobs and going in front of a corrupt Judge who told me we were’nt in court in talk about the truth they are suing me for my part of the property saying it was a yet another “mistake”!
    So no matter what I would of done my house was going to get forclosed on for “Mistakes” that were in no way my fault. This has ruined my entire life, cost me a property that I have been investing in for over 13 years, cost both my husband and I our jobs because of all the court dates and attorney appointments, I could go on for at least 100 pages of how this has effected my family and I. I contacted the AG office they did nothing. So how do I put things back together, my credit is ruined I can’t even find a placed to rent. All for mistakes that had nothing to do with me.

    Posted by  on  02/12  at  06:29 AM

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mortgage fraud news



Today's News

Some Sources require Registration.

 

Erie Area Mortgage Broker Gets Prison in Fraud Case
GoErie.com - Erie, PA
Shortly before receiving a nearly three-year federal prison sentence, former mortgage office manager Francis R. Conti told the judge he never meant to defraud any of the homeowners caught up in a widespread local mortgage-fraud scheme.

Three Former Portland-Area Mortgage Brokers Face Fraud Charges
OregonLive.com - Portland, OR
Joel D. Surprenant, Michael Duc Han and Benjamin Lucian Lucescu all were charged with one count of obtaining mortgage loans through materially false and fraudulent pretenses.

Shaker Pair Pleads Guilty to Mortgage Fraud Charges
Cleveland.com - Cleveland, OH
Two Shaker Heights residents recently pleaded guilty to charges involving a mortgage scheme with seven area houses and $3 million in fraudulent loans.

Feds File Charges in Five Mortgage Fraud Cases
Chicago Breaking News - Tribune - Chicago, IL
Federal charges were filed today against 37 people and four companies in five separate mortgage fraud cases.

Feds Fighting Back
Contra Costa Times - Walnut Creek, CA
Mortgage fraud has increased so dramatically in the San Joaquin Valley that a task force of federal, state and local agencies has been formed to fight back.

Private Investigator Sees Rise in Mortgage Fraud Due to Economy
PR Web - Ferndale, WA
In the past 12 months his firm has been retained to conduct over 300 mortgage fraud investigations, a 100% increase from 2007.

Former UGA, NFL Football Player Arthur Marshall Charged With Mortgage Fraud Claims
WJBF-TV - Augusta, GA
He is also accused of defrauding three banks in obtaining loans for seven different properties in Columbia and Richmond Counties.

Cuomo Subpoenas Loan Modification Companies
New York Times - United States
“The entire industry is a scam, in my opinion,” Mr. Cuomo said Tuesday. “These are services that homeowners don’t need to pay for in the first place.”

Defendant Pleads Guilty to Wire Fraud Relating to Mortgage Fraud Scheme
Imperial Valley News - Holtville, CA
Scavitti admitted that between 2003 and August 2008 he unlawfully diverted mortgage funds that were wire transferred into his client office account to his own personal benefit, resulting in losses in excess of $2.5 million.

Fed Drug Report: Double Trouble for Metro Chicago
ABC7Chicago.com - IL
...Chicago street gang members run a network of legitimate businesses and have engineered mortgage fraud schemes, both to launder drug proceeds...

Previous Articles

TRIAL COVERAGE

Trial coverage provided by Anne Mitchell, Crazy Fish Realty.

Update - US v. F. Jeffrey Miller, et al.

Miller II: Judge Julie Robinson has ruled in favor of the defense motion granting a continuance for sentencing of the 3 convicted defendants: F. Jeffrey Miller, Steve Vanatta and Hallie Irvin. The three will now be sentenced after ruling on post trial motions set for August 10, 2009.

Vanatta has been in custody for over 2 years.  Vanetta filed a motion for his release pending sentencing. That motion was denied.

Miller remains free pending his sentencing. He has hired a new attorney who filed a motion to delay Miller's sentencing. In one post trial motion, the defense argues as to what assets are subject to seizure.

Defendant Todd Earnshaw is a Kansas City real estate Broker (and brother in law of Miller). Earnshaw has been indicted in what is commonly referred to as Miller I. A trial date for that matter has been set for January, 2010 in Topeka, Kansas.

The Government filed a motion to revoke Earnshaw's bond and remand him to custody while he awaits trial after learning that he allegedly committed the state crimes of Driving Under the Influence, Handicap Parking Violation and Failure to Control Speed to Avoid a Collision while on pretrial release. Notwithstanding finding that probable cause existed to believe that Earnshaw committed the aforementioned state crimes, Judge Robinson denied the motion, but ordered several strict conditions that Earnshaw must follow pending his trial.



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Legal Disclaimer.
The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.

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