Mortgage and foreclosure related complaints have quadrupled over the past two years to become the number one reason consumers contacted the Massachusetts Attorney General’s Office for assistance in 2011.
Continue Reading...Archives For November 30, 1999
David Lam, 42, Parkland, Florida, a real estate agent, pled guilty before U.S. District Judge Kenneth A. Marra for his participation in mortgage fraud schemes relating to properties in the Versailles development in Wellington, Florida.
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Jorge Abbud, 33, Dover, N.J., a former employee of a Parsippany, N.J., mortgage lender admitted to taking $138,402 in illegitimate proceeds of multiple home sales as a result of a mortgage fraud scheme.
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Keith Davis, 39, Jacksonville, Florida, was sentenced by Chief U.S. District Judge Anne C. Conway to 2 years in federal prison for conspiracy to commit wire fraud for his role in fraudulently obtaining loans and receiving kickbacks after closing.
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Eric Omar Jones, 41, Clinton, North Carolina, was sentenced by Chief United States District Judge James C. Dever III to 151 months’ imprisonment followed by five years’ supervised release for leading a straw borrower scam that involved more than $1 million in ill-gotten gains.
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Frederic Alan Gladle, 53, Austin, Texas, pleaded guilty to his role in operating a foreclosure rescue scam in Southern California and elsewhere that charged distressed homeowners fees in exchange for fraudulently postponing foreclosure sales.
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A real estate fraud notification program was implemented in Contra Costa County, California. The purpose of the notification system is to make homeowners aware of recorded transactions to lessen the likelihood of forgeries and fraudulently recorded documents.
Barry Winnett, 49, Roseville, California, was sentenced by United States District Judge Morrison C. England Jr. to three years and two months in prison and full restitution for wire fraud for his participation in a scheme that defrauded real estate investors of $2.9 million.
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James Darrell Ober, 43, Hudson, Wisconsin, pleaded guilty to one count of racketeering in connection with a mortgage fraud scheme that involved dozens of properties and millions of dollars in Federal Housing Administration-insured mortgages.
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John E. Evans, III, 32, Fort Myers, Florida, was sentenced to 18 months in federal prison for wire fraud in connection with making false representations in a mortgage loan application.
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