Tag Archives: mortgage loan
- Holy Fraud, Batman! Literally…
Yesterday, an Ohio resident was indicted for allegedly engaging in a fraud scheme that promised to fund more than $500 million in mortgage loans to around 20 churches and a dozen small businesses across the country. The man, Jamal Lawson, fraudulently obtained more than $300,000 in advance fees that he used for personal expenses instead [...]
- Mother Daughter Fraud Team Pleads Guilty After Five Days Of Trial
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 [...]
- Homeowners In Financial Distress Lose Over $1.2 Million To Mortgage “Rescue” Fraud
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 [...]
- Deceitful Debt Relief And Mortgage Operation Shut Down
A United State district court has shut down two related operations who apparently failed to provide promised debt relief services and jeopardized clients’ privacy by at the Federal Trade Commission (FTC)’s request. Apparently one firm charged consumers a $1,495 up front fee for a mortgage relief assistance program that was never given as well as [...]
- $11 Millon Loan Scheme Lands Former CEO In Prison
David Findel, former CEO of Worldwide Financial Resources, a mortgage origination firm in New Jersey, was sentenced to 63 months in prison on September 27, 2011 for a connection with an $11 million fraudulent loan scheme. Previously, Findel pleaded guilty to an Information charging him with wire fraud. According to the Information to which Findel [...]
- Slowdown nails contractors: Dozens of Idaho small business owners
Slowdown nails contractors: Dozens of Idaho small business owners … Idaho Business Review, United States - 2 hours ago Most of the rest of their liabilities consist of medical bills, a car loan and credit card debt . ยท Boise home builder and contractor Russ Iverson filed for …
- Guest Post – Mortgage Tips and Money Saving Advice
Tom McConnon contacted me recently and wanted me to share this post with you. If you would like to contribute a guest post, you can contact me here. If you are a first-time home buyer, a mortgage may seem like an overwhelming and intimidating thing if you do not fully understand what it is. Here [...]