2 Articles match "California","Fraud","Los Angeles"

The Latest from RealtyTrac MORE
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 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 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.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Foreclosure Crisis Sparks Surge in Arson
We’ve seen a dramatic increase in this kind of fraud,” Dan Bales, the head of fraud investigations at Mercury Insurance, told the Los Angeles Times . “People Foreclosure arson has doubled in California from 7 homes last year to 14 homes so far in 2008, according to insurance officials. In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • 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 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 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Foreclosure Crisis Sparks Surge in Arson
    We’ve seen a dramatic increase in this kind of fraud,” Dan Bales, the head of fraud investigations at Mercury Insurance, told the Los Angeles Times . “People Foreclosure arson has doubled in California from 7 homes last year to 14 homes so far in 2008, according to insurance officials. In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE