Canty and others conspirators perpetrated this scheme by identifying distressed homeowners whose properties in Washington, D.C., and Maryland were facing imminent foreclosure and offering to purchase their properties.
Archives For November 30, 1999
Authorities say real estate agents and mortgage brokers used straw buyers with good credit ratings and low income to fraudulently obtain loans. Properties were sold and resold within the alleged ring.
Despite the defendant’s pleas that the world needs a Christian man like him, a Hennepin County judge Thursday gave Marlon Pratt 10 years in prison, more time than the prosecutor sought for 17 theft by swindle and two racketeering convictions.
Eleven people were arraigned Friday in Cuyahoga County Common Pleas Court on 96 charges in what prosecutors say was a $14.7 million mortgage fraud scheme involving seven upscale houses, some with waterfront views.
The defense attorney for one of two Monterey County people accused of real estate fraud argued Friday that Gonzales police should have informed his client of her Miranda rights before they questioned her in June.
Just when you were thinking it was safe to go back into the mortgage market, today’s Wall Street Journal is highlighting the next source of mortgage fraud, the Federal Housing Administration’s (FHA) reserve mortgage program.
Mortgage fraud risk over the last year seems to have migrated westward, with Nevada and California dominating the 10 riskiest metropolitan statistical areas (MSAs), according to a new study released by Interthinx this week.
County prosecutors suspected former San Bernardino County Assessor Bill Postmus committed real-estate fraud and tried to conceal a $100,000 payment for helping facilitate a $102 million county settlement…
Veteran real estate lawyers say that they’ve heard of suits by title insurers against lawyers who weren’t diligent but that this is the first they know of to allege an attorney failed to research previous sales in the property’s history — a job usually thought to be the role of title professionals.
The Washington Attorney General’s Office declared a major victory for consumers this week in response to a judge’s order that a notorious foreclosure rescue scammer must pay more than $3.2 million to victims he wronged plus $179,000 in penalties for violating the Consumer Protection Act.