Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
Rachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of Smith Dollar, PC, is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar
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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.
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
Hello, my name is Christopher Scott founder of Mortgage Recovery Service Center of Los Angeles. We are a para-professional mortgage fruad research group, Started as a result of being defruaded out of our home and fighting the lenders and brokers. Our services is to evaluate loan applications and determine if the broker or lender falsified the income or assets, draft federal complaint out lining the fruad and file the complaint in federal court. Currently there are thousands of victoms of this kind of mortgage fruad. And most of them do not even know. I say, if you could afford your home prior to the new loan. You should be able to afford a new one loan “if the broker and lender used your correct income and assets. It’s the broker and lenders responsibillity to process a loan the homeowner can afford. And reject the loan if you are under-qualified! I ask that all of those who are having trouble with your loans. Take a look at your loan application ( it’s called a 1003). Compare the income and assets on the loan application to the income and assets you show on your tax return and check stubs? If they don’t match. And you had nothing to do with falsifying this information on the loan application. Your a victim of MORTGAGE FRUAD! THAT’S WHY YOUR LOSING YOUR HOME AND THE BANKS WANT MODIFY THE LOAN. THEY REALIZE YOU COULD’NT AFFORD IT IN THE FIRST PLACE, HOWEVER, FOR THE SAKE OF GREED, THE BROKER SUBMITTED THE LOAN AND THE LENDER CLOSED THEIR EYES AND FUNDED IT. THEY DON’T WANT TO GO THROUGH THAT AGAIN, SEEING THE THAT THESE TYPES OF LOANS ARE PROSECUTED AROUND THE COUNTY BY THE UNITED STATE DISTRICT ATTORNEY’S OFFICE. DID YOU KNOW THAT FALSIFYING THIS INFOMATION CARRY’ A PRISON TERM OF UP TO THIRTY YEARS AND A FINE OF UP TO ONE MILLON DOLLARS. CAN YOU COPE WITH THAT? HAD THE BROKER OR LENDER TOLD YOU THIS IN THE BEGINNING, WOULD YOU HAVE SIGNED THE LOAN APPLICATION? THIS IS CALLED UNFAIR AND UNLAWFUL PRACTICES! NOW IF YOUR ONE OF THOSE UNFORTUNATE PERSONS WHO HAS LOST AN INCOME OR JOB. AND THAT’S THE REASON WHY YOU CAN’T AFFORD THE MORTGAGE. THAT NOT WHO I’M TALKING ABOUT! BUT THOSE OTHER, IF YOU DON’T HAVE YOUR LOAN APPLICATION. CALL YOUR BROKER AND ORDER IT OR PICK IT UP. TELL THEM YOU WANT TO USE THE SAME INFORMATION THAT YOU USED WHEN YOU GOT THE KNEW LOAN. ALSO TELL THEM THAT YOU NEED IT TO HELP GET YOUR LOAN MODIFIED. CALL ME AND WE CAN GO OVER THE APPLICATION. I WOULD LIKE TO HELP, BECUASE NO ONE WOULD HELP US. YOUR LENDER MAY BE RESPONSIBLE FOR YOUR HARDSHIP! DON’T LET THEM GET AWAY WITH IT!
CHRISTOPHER SCOTT
Mortgage Recovery Service
Center of Los Angeles
310-957-7079
P.O. Box 470697
Los Angeles , CA 90047
Failed Mortgage Firm Trustee Allowed $50,000 in Fees Union Leader
U.S. Bankruptcy Court Judge J. Michael Deasy will approve $50,000 in legal fees for the trustee of failed mortgage brokerage businesses Financial Resources Mortgage Inc. and CL&M Inc.
Bend Oregon Event to Help Homeowners Prevent Foreclosures Oregon.Gov
As part of an ongoing effort to help homeowners avoid foreclosure, state agencies are organizing a foreclosure-prevention event in Bend on Saturday, March 27, 2010.
Shelbyville Man Gets 2-Year Sentence For Loan Fraud Chattanoogan.Com
Prosecutor Gary Humble said the lost was approximately $2.3 million in the mortgage fraud involving hundreds of homes in the Shelbyville area.
Lend America, VP Ashley Banned from FHA Housing Wire
Michael Ashley, the embattled former vice president of Federal Housing Administration (FHA)-backed mortgage originator Lend America, and the company he worked for, were permanently banned from doing business in the industry last week.
Countrywide Tries to Pin Blame on Insurer Court House News
Countrywide Home Loans demands $111 million from Triad Guaranty Insurance, claiming Triad is trying to blame mortgage lenders for the insurer's role in the housing bubble and collapse.
Investors Say They Were Swindled in Property Scheme Fox 13 Now
Utah Division of Consumer Protection is joining forces with a few investors who claim they have been cheated by an agency called "Utah Mini Ranches.
Greenfield Man Accused of Housing Scam The Republic
A former real estate agent conned at least eight people by renting them properties actually owned by a federal agency and then running off with their deposits, prosecutors said.
Appraisal Institute Opposes Obama Administration's Plan for Homeowner 'Short Sales' PR News Wire
Citing concerns about increased mortgage fraud, four organizations representing more than 35,000 real estate appraisers today voiced their opposition to changes to an Obama administration program that will encourage "short sales" of homes.
Ownership Rights to Get Another Look TBO.Com
State lawmakers may beef up protections of property owners' rights by rewriting a law this spring that is at the center of a case of alleged fraud in Pasco County.
Thursday, February 18, 2010 F. Jeffrey Miller Trial Continued Testimony
As reported by Anne Mitchell, who viewed the trial:
Angela Parenza worked for Jeff Miller as the office manager for 7 or 8 years beginning in 1998. Parenza was indicted along with Miller and pled guilty to conspiracy to commit bank fraud and money laundering. Parenza testified that Miller or his contractors allegedly preferred to build all the...
Wednesday, February 10, 2010 F. Jeffrey Miller Trial Coverage Continued - Witness Testimony
Steve Middleton Testimony - Coverage Provided by Anne Mitchell
The Government continued in its cross examination of Steve Middleton. He was shown several HUD-1 statements involving sales of homes located in Overland Park, KS, and Olathe, KS. The HUD statements each allegedly showed line items of payments to (James) Moser & Associates, LLC's...
Monday, February 01, 2010 F. Jeffrey Miller Trial Coverage - Continued Witness Examination
According to Anne Mitchell, who is present in court for the trial:
Next Witness: Kelly Sanford
Kelly Sanford of the Federal Reserve was a short witness for the Government. Sanford manages electronic payments between banks and member financial institutions. He was shown copies of wire transfers and asked whether they coincided with the counts in...
Wednesday, January 27, 2010 F. Jeffrey Miller Trial - Prosecution Witnesses Continued
According to Anne Mitchell, who is viewing the trial:
January 13, 2010
Witness: Rick Hayes
Rick Hayes testified that on the day that he closed on his Miller Enterprise home, he received a phone call from the Kansas Banking Commission informing him that his loan was fraudulent. After the Hayes responded to a classified ad, they met with John...
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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.
Rachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of 
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