California Man Arrested Who Had Consumers Deed Property to Trust to Lower Mortgage

Alan David Tikal, 44, of Brentwood, Contra Costa County, Calif., was arrested on Friday at his home on a complaint charging him with mail fraud for masterminding a multistate scam that defrauded distressed homeowners, announced the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the … Read more

Realty Attorney Group APC and Realty Group & Consulting Seized in California

The State Bar of California announced today it has shut down the operations of an Ontario lawyer who allowed his name and law license to be used in a scheme to defraud distressed homeowners. The bar obtained a court order (attached) this morning to assume jurisdiction over the law practice of Gary David Tracy, 50, … Read more

Certified Forensic Loan Auditors Offers Quiet Title Class

A readers sent in a link to an upcoming class on “Achieving Principal Reductions with Lenders by Creating Leverage,” a class on mortgage securitization and quiet title actions. – Source It’s an interesting class to see, especially as hard as the Florida Attorney General hit some land trust companies in Florida this week who were … Read more

Details on Florida Attorney General Lawsuit Against Fidelity Land Trust, Ed Cherry, Larry Diodato and Others

Update – September 27, 2019 Today I received the following email purportedly on behalf of Paul Gellenbeck. “We are respectfully at this time contacting you on behalf of our client Mr. Paul Gellenbeck, with respect to your URL posting as listed hereinbelow. We are at this time making a respectful request for you to REMOVE … Read more

Fidelity Land Trust, Ed Cherry, Larry Diodato, Paul Gallenbeck, and Others Named in Florida AG Suit to Shut Them Down

The Palm Beach post today is reporting the Florida Attorney General has filed a 45 page suit against some familiar names to readers of this site. The defendants include Edward Cherry, August Belmont & Company, Lawrence Diodato, Fidelity land Trust, Shane Frankovic, Anthony Pintsopoulos, Click Media Consulting, Florida Home Rescue Mission, Esquire Litigation Support, Growth … Read more

NC AG Warns Consumers About Community Mortgage Assistance Program, Lender Exchange, and Tidewater Financial

A tipster (send in your tips here) has alerted me that North Carolina has recently taken action against some foreclosure rescue companies. Three North Carolina companies that claim to help people win lower mortgage payments and save their homes from foreclosures are instead ripping off homeowners and must be shut down, Attorney General Roy Cooper … Read more

Fidelity Land Trust, Heritage National Land Trust, and Sunshine State Land Trust Company in the News

Previously I wrote a couple of articles about Fidelity Land Trust, that appeared to be selling a service to consumers where the consumer would deed their property over to the land trust company, for a fee. In the past few days Fidelity Land Trust and others have resurfaced in the news, specifically in the Palm … Read more

Tax Will be Due on Forgiven Mortgage Debt Unless Congress Acts

Thanks to a reader and tipster (send in your tips here) I was alerted to the following story about the soon to be ending tax forgiveness regulation for homeowners getting mortgage debt forgiveness. “In 2007, Congress enacted the Mortgage Forgiveness Debt Relief Act, which prevents homeowners from paying taxes when their mortgage debt is forgiven … Read more

Making All Homes Affordable and La Paz Source Sued by Arizona Attorney General Over Loan Modifications

Arizona Attorney General Tom Horne announced two lawsuits Wednesday against Phoenix- and Tucson-based mortgage modification companies that allegedly misrepresented their services. Named in the lawsuits were the Phoenix-based Making All Homes Affordable LLC and owner Albert Figueroa and the Tucson-based La Paz Source LLC, owners Francisco Ramos and Maria Beltran, their new operation, La Placita … Read more

Summit Legal Group Loan Modification Attorney – Disbarred

William O’Toole, a Florida attorney that ran Summit Legal Group that claimed to be able to save homes from foreclosure and get loan modifications, has been disbarred for at least five years. The Florida Bar stated, “William Timothy O’Toole, 120 E. Oakland Park Blvd., Suite 105, Fort Lauderdale, disbarred effective immediately, following a May 22 … Read more

Beware of Omni Home Solutions and Rampart MMW Says Former Client

Darrell Neilander, a former client of the foreclosure/tust company/mass joinder companies Omni Home Solutions and Rampart MMW sent in the following contributed information in an effort to help inform others of his experience with two companies that are claiming to help save his property from foreclosure and get his home free and clear. I’ve written … Read more

Chapter 13 Bankruptcy Trustee Sued by Bank of America to Stop Asking for Notes

It appears Bank of America is none too happy with Henry “Hank” Hildebrand, a Tennessee chapter 13 bankruptcy trustee. Hank has been requiring Bank of America to produce the underling mortgage documents to prove they actually own the mortgages that are included in bankruptcy. When Bank of America can’t locate the paperwork, the trustee has … Read more

California Mortgage Modification Operators and Sales Rep Sentenced

Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a mortgage loan modification scam were sentenced Friday in federal court in San Diego. United States District Court Judge Anthony J. Battaglia sentenced Ziad Nabil Mohammed Al Saffar to serve 21 months in federal prison and Sara Beth … Read more

Reducing Foreclosure Risks for Those Facing a Property Tax Lien

The home mortgage crisis has received a lot of attention over the last few years. This has led to various efforts to preserve homeownership, including the creation of foreclosure mitigation programs through federal legislation as well as other local and state efforts. However, another threat to homeownership that should also be given careful consideration today … Read more

Big Foreclosure Compensation, But Only for the Right Wrongs

by Paul Kiel ProPublica Can you put a price on the damage caused by a wrongful foreclosure? Banking regulators have. And it’s $125,000. Or $60,000. Or $15,000. Or2026 it’s unclear. Last November, banking regulators launched a process to force the big banks to compensate homeowners victimized by their foreclosure abuses. Many crucial details remained unclear, … Read more