From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Holy Fraud, Batman! Literally…

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

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

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 [...]

Read the full article at GetOutOfDebt.org, click here: Deceitful Debt Relief And Mortgage Operation Shut Down

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: $11 Millon Loan Scheme Lands Former CEO In Prison

From How to Get Out of Debt

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 . · Boise home builder and contractor Russ Iverson filed for ...

Read the full article at GetOutOfDebt.org, click here: Slowdown nails contractors: Dozens of Idaho small business owners

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Guest Post – Mortgage Tips and Money Saving Advice