|
|
7 Articles match "California","Fraud","Homes"
|
The Latest from RealtyTrac
|
MORE
|
|
The Government Goes After Loan Officers
The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most Stated income loans hurt everyone, the home buyer, the institution who buys the loan on the secondary market, and even the home shopper who does not inflate their income to purchase a home. Because of stated income loans, The Government Goes After Loan Officers By Peter G. Miller One of the most galling aspects of the mortgage meltdown is the sense
www.realtytrac.com
- Tuesday, February 3, 2009
Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. The article goes on tomake the case that foreclosure fraud crime is on the rise. It is a crime thatconsumer advocates fear could become increasingly common — especiallyin Southern California, where many homeowners have stretched themselvesto their financial limits to afford the regions record high housingprices. "The
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
FBI: Mortgage Fraud Begets Foreclosure
The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.” The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. Six of those states also appeared in RealtyTrac’s list of states with the highest foreclosure rates in 2006. The FBI also lists Arizona, Colorado, Maryland, Minnesota, Missouri,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Avoiding, Stopping Foreclosures Information, Helpful Resources, Stop Home Foreclosure - RealtyTrac
Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
-
Foreclosure Crisis Sparks Surge in Arson
Facing foreclosure, some homeowners are setting fire to their homes for the insurance money. Consider the following: In South Carolina , a homeowner was charged with burning her home on the eve of foreclosure. In Colorado , a homeowner was convicted for setting his home on fire to prevent the lender from repossessing the property. “We’ve In desperate times people resort to desperate measures. But they usually end up with a criminal conviction instead of cash.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Burning Down the House
Foreclosures nationwide are heating up, especially in once-supercharged real estate bubbles like Florida, California, Nevada and Arizona. But in Michigan, where foreclosures are widespread and a hot market for real estate investors, people are burning down the homes to avoid foreclosure . . . Last month, a Michigan homeowner in foreclosure was arrested for allegedly setting her three-year old Grand Rapids home on fire to collect the For many real estate investors, the foreclosure market is smoking. literally!
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. The article goes on tomake the case that foreclosure fraud crime is on the rise. It is a crime thatconsumer advocates fear could become increasingly common — especiallyin Southern California, where many homeowners have stretched themselvesto their financial limits to afford the regions record high housingprices. "The
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Foreclosure "Megatrends"
Home prices are falling. Fraud legislation. Lawyers in California — for a fee, of course — will show you how to damage your credit history for a decade or more and “walk away” from your debt. Increasingly, homeowners who put little or no money down are walking away from their homes, mailing their keys — jingle mail — to lenders who gave them toxic loans, according to the New York Times . Foreclosures are rising. Sales are down.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
The Government Goes After Loan Officers
The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most Stated income loans hurt everyone, the home buyer, the institution who buys the loan on the secondary market, and even the home shopper who does not inflate their income to purchase a home. Because of stated income loans, The Government Goes After Loan Officers By Peter G. Miller One of the most galling aspects of the mortgage meltdown is the sense
www.realtytrac.com
- Tuesday, February 3, 2009
|
|
|
