From How to Get Out of Debt

In September I covered a story about two leaders of the Hells Angels that had been accused of mortgage fraud. A mortgage broker in the San Francisco bay area was charged with conspiracy to arrange more than $10 million in fraudulent home loans including the two Hells Angels leaders. Raymond Foakes, former President of the [...]

Read the full article at GetOutOfDebt.org, click here: Hells Angel Commits Mortgage Fraud For Marijuana Grow House

From How to Get Out of Debt

For my generation the term “Hard Knocks” cannot be mentioned without the memorable image and sound of Jay-Z’s “ghetto anthem” rendition of “It’s A Hard Knock Life” from the play Annie. My personal favorite lyric and image from the infamous song being: “I’m from the school of the hard knocks, we must not let outsiders [...]

Read the full article at GetOutOfDebt.org, click here: It’s A Hard Knock Life For Mortgage Fraudsters

From How to Get Out of Debt

Andrew Hamilton Williams, Jr., was convicted last week in Maryland of fraud conspiracy, wire fraud and conspiracy to commit money laundering in connection to a massive mortgage fraud scheme. The scheme, entitled “Metro Dream Homes” promised to pay off homeowners’ mortgages on the homes of their dreams but instead left them high and dry. According [...]

Read the full article at GetOutOfDebt.org, click here: $78 Million Mortgage Fraud “Dream Home” Scheme Owner Convicted

From How to Get Out of Debt

Mid-trial a mother and daughter fraudster team, along with an accomplice from Las Vegas, pleaded guilty to participating in a mortgage fraud scheme that lead to more than $1.9 million in mortgage loan losses to lenders. Mother, Patricia Smith, pleaded guilty to Counts Four and Five of the Superseding Indictment, which charged her with wire [...]

Read the full article at GetOutOfDebt.org, click here: Mother Daughter Fraud Team Pleads Guilty After Five Days Of Trial

From How to Get Out of Debt

Banks are re-examining loans that took place during the housing boom and are now finding problems which has resulted in a large jump of reported mortgage-fraud. Reports are showing an 88 percent jump in the second quarter according to the Treasury Department. “Most of the mortgages suspected of fraud closed during the height of the [...]

Read the full article at GetOutOfDebt.org, click here: Treasury Reports An 88 Percent Increase In Mortgage-Fraud Since 2010

From How to Get Out of Debt

To the tune of a MasterCard commercial: $4.7 million in fradulent mortgage loans… $944,224 lost by lenders…. $1.2 million lost in equity to homeowners…. Shameful. Mary Ann Dean and Charles Donaldson pleaded guilty to the charge of conspiracy to commit wire fraud in connection with a mortgage fraud scheme of Sunset Mortgage Company. Dean was [...]

Read the full article at GetOutOfDebt.org, click here: Homeowners In Financial Distress Lose Over $1.2 Million To Mortgage “Rescue” Fraud

From How to Get Out of Debt

I’m not sure if it’s just me or that there seem to be more financial frauds occurring in the name of God. Using the words of God and a promised opportunity of hope in desperation, three Delaware residents stole the foreclosed houses of desperate homeowners. – Source Delaware Attorney General Beau Biden announced that Jamaar [...]

Read the full article at GetOutOfDebt.org, click here: Master Builders for Christ and Vision Builders Christian Center Steal Homes of People Facing Foreclosure

From How to Get Out of Debt

LOL, OMG, you can’t make this stuff up. A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a “vulture” whose case should serve as a warning to other con artists, a federal judge said yesterday before imposing a sentence of more than 12 years. Joy Jackson, 41, a former [...]

Read the full article at GetOutOfDebt.org, click here: Exotic Dancer Opens Foreclosure Avoidance Company, Advertises on Gospel, Partner Punches Lawyer in Face