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$100 million reported lost in real estate fraud

$100 million reported lost in real estate fraud

Investigators search Ladera Ranch home More than 1,000 victims have lost more than $100 million in cases of real estate fraud referred to a special unit of the Orange County District Attorney’s Office, a report from the DA states. . “The … Read More

ATA Truck Tonnage Index increases in January

ATA Truck Tonnage Index increases in January

From the American Trucking Association: ATA Truck Tonnage Index Jumped 3.1 Percent in January Click on graph for slightly larger image in new window. The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index jumped 3.1 percent in … Read More

Mortgage scammers nabbed in Colo., Mass., Va., N.J.

Mortgage scammers nabbed in Colo., Mass., Va., N.J.

Our periodic recap of who got nabbed breaking mortgages laws! 3 indicted in Colo. mortgage fraud scheme (Denver Post) Mass. man gets jail time for mortgage fraud (The Patriot Ledger) Va. lawyer charged in $1 million mortgage fraud scheme (Virginian-Pilot) … Read More

Can You Get A Reverse Mortgage On A Mobile Home?

Great tips to help you get the best available reverse mortgage. A reverse mortgage is exactly what it sounds like: a mortgage with the effects reversed. Instead of the borrower paying interest on the loan with a consequent increase in … Read More

Can A Reverse Mortgage Prevent A Lien Being Placed On My Home?

“Can a Reverse Mortgage Prevent A Lien Being Placed on My Home Should be One of The Questions That Should Be Answered Prior to Accepting the Loan.’ A reverse mortgage can be the answer to some of the financial issues … Read More

Can I Get A Reverse Mortgage After Getting A Home Equity Loan?

A few things you should know about getting a reverse mortgage. The reverse mortgage is, like the name suggests, a reverse of an ordinary mortgage. Rather than the borrower paying interest on the loan from the lender and consequently increasing … Read More

Are Reverse Mortgages Regulated And Safe?

A reverse mortgage is a kind of home loan that allows you to convert a portion of the equity you have in your home, into cash. What is a Reverse Mortgage? But, a reverse mortgage is different from a traditional … Read More

How Do Reverse Mortgages Work In Avoiding Home Foreclosure?

Reverse mortgages can be a lifesaver for seniors age 62+ facing home foreclosure. Find out how reverse mortgages work in avoiding home foreclosure. Key Requirements for Reverse Mortgages Age is the first key requirement in determining eligibility for reverse mortgages. … Read More

Weather and the February Employment Report

Note: I’ve added a list of “Posts Today” and “Posts Yesterday” on the right sidebar so everyone can find posts on recent economic releases (this has been a busy day and week)! On Monday I linked to an article by … Read More

97,000 Homeowners in "Loan Mod Limbo"

97,000 Homeowners in "Loan Mod Limbo"

Paul Kiel at ProPublica reports: Chase and Other Servicers Leave Many in Loan Mod Limbo; Treasury Threatens Penalties About 97,000 homeowners in the government’s mortgage modification program have been stuck in a trial period for over six months. Most of … Read More