Our periodic recap of who got nabbed breaking mortgages laws! New Jersey police officer arrested for mortgage fraud (Ethiopian Review) San Jose man sentenced to 41 months in prison for loan fraud scheme (San Jose Mercury News) Man accused of … Read More
Courtesy: reader Randall Marquis Federal and local law enforcement agencies raided the United Law Group’s offices in Irvine today, as part of a loan modification fraud investigation, The Register’s Irvine reporter Sean Emery writes. Officials shut the office at 2525 Campus Drive … Read More
First, in recent foreclosure news: Appraisers: Obama plan encourages fraud Foreclosures are still ‘the hot ticket’ Which ZIP has biggest foreclosures hike? Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in … Read More
Real estate appraisers today announced their opposition to part of an Obama administration plan to pay homeowners in trouble to move if they agree to a short sale, saying the program will lead to mortgage fraud. . Under the plan, which takes effect April 5, … Read More
More than 1 million U.S. households have lost their homes to foreclosure since the end of 2008, new figures from Irvine-based Realty Trac show. About a fifth of those foreclosures occurred in California alone, according to figures from MDA DataQuick, … Read More
Homeowners who are in over their heads but have been unsuccessful at getting a loan modification may get some different help from Uncle Sam — $1,500 to move if they sell for less than they paid for the house, reports … Read More
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. How does the foreclosure process work? What is the … Read More
Despite some reports that suggest the housing crisis may be hitting bottom, foreclosures so far represent the “tip of the iceberg,” real estate analyst, investor and lender Bruce Norris says. Norris told hundreds of investors attending a seminar he held in Costa … Read More
Click to enlarge Orange County home sales for less than a residence’s total debt increased 33.8% in January from the year before, Southern California Multiple Listing Service figures show. The listing service reported that 487 of January’s deals were “short … Read More
Our periodic recap of who got nabbed breaking mortgages laws! Disgraced realtor charged in murder plot (Toronto Sun) Massive Florida Mortgage Fraud Case Unfolding (UPI.com) Ala. woman pleads guilty in $580K bank and mortgage fraud (WHNT) Merced County law enforcement … Read More