6 Articles match "California","Fraud","May"

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• 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
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• Burning Down the House
  
  Foreclosures nationwide are heating up, especially in once-supercharged real estate bubbles like Florida, California, Nevada and Arizona. Foreclosure fraud — and now arson and insurance fraud — are becoming issues in Michigan and across the country. As foreclosures continue to rise, tragic stories like the case against the Gaines Township woman may grow as well. For many real estate investors, the foreclosure market is smoking. But in Michigan, where foreclosures are widespread and a hot market for real estate investors, people are burning down the homes to avoid
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 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 regions record high 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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• Avoiding, Stopping Foreclosures Information, Helpful Resources, Stop Home Foreclosure - RealtyTrac
  
  Practices that many industry experts liken to nothing short of mortgage fraud. Heres some of the latest news articles written about attempts to either avoid or stop foreclosure in its tracks: Helpful Resources: (links will open in a separate window) • Real Estate Agents Spread the Word on Avoiding Foreclosures • Consumer Group Proposes Moratorium on Foreclosures • Treasurer creates task force to combat county foreclosures • State officials, lenders meet on foreclosures
  www.realtytrac.com - Tuesday, February 3, 2009
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• Foreclosure "Megatrends"
  
  Here are some “megatrends” that may develop in the months ahead. 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. Foreclosures are rising. Home prices are falling. Sales are down.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Government Goes After Loan Officers
  
  Now the immunity enjoyed by lenders may be at an end. new and surprising player is looking at failed mortgages, and looking in a way which may suggest that many loan officers will have to pay up. The Securities and Exchange Commission alleges that five California brokers sold “unsuitable” securities to customers, primarily variable universal life policies (VUL). “Most The Government Goes After Loan Officers By Peter G. Miller    One of the most galling aspects of the mortgage meltdown is the sense that folks who made bad
  www.realtytrac.com - Tuesday, February 3, 2009
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