4 Tips for Selling Your Home Without a Realtor

Buying a home is the biggest financial investment most people experience. When you are ready to sell your property, your first instinct is likely to search for a real estate agent, but while a real estate agent can help in many ways, this isn’t always necessary. You can sell your home without an agent. If … Read more

Talk Show Host And Financial Advisor Sentenced For Ponzi Scheme

Wednesday marked the announcement that Anthony Cutaia was sentenced to 51 months in prison for mail fraud “Ponzi” investment scheme. Cutaia had pled guilty in July 2011 to Count 2 of a Criminal Information filed in June 2011, which charged him with mail fraud in connection with his participation in a real estate investment scheme … Read more

Six Hundred Out Of $74 Million In Ponzi Scheme

Douglas Vaughan faces 10 to 12 years in prison after pleading guilty to wire and mail fraud charges that involved his operation of a “Ponzi” scheme where he defrauded around 600 investors of more than $74 million. Vaughan promised extraordinary returns which he obviously did not follow through with. In February of 2011, in an … Read more

Florida’s Foreclosure Solution Specialists Operators Charged With Fraud

Earlier this month it was announced that Lisa Wright, Cathy Saffer and Carrington Coombs were all charged with fraud in a Florida foreclosure rescure scheme. Wright and Saffer were charged with conspiracy to defraud homeowners and banks in a foreclosure rescue scheme. Coombs, a certified public accountant, was also charged as a participant in the … Read more

Fraudulent Rescue / Equity Skim Scheme Costs Dozens Over $6.2 Million

Between 2006 and 2008 real estate agent, Joanne Seeley, defrauded 34 homeowners and 14 mortgage companies in Pennsylvania out of more than $6.2 million in a fraudulent Foreclosure Rescue/Equity Skim scheme. Seeley was found guilty earlier this month on four counts of wire fraud and four counts of money laundering; each punishable by a maximum … Read more

First Ever Central Florida Law Firm To Be Forced To Resign From BBB

KEL law firm, formally Kaufman, Englett & Lynd, has been forced to resign from the Better Business Bureau (BBB) of Central Florida. The resignation of this Orlando based law firm marks “the first area law firm to be ousted in the business-rating agency’s 27-year history.” Apparently the BBB has complained that over the past year … Read more

Pharmacist Sentenced To Nearly 5 Years In Prison For Medicaid Fraud

Healthcare fraud and money laundering? Again? Sure, why not. John Love has been sentenced to 51 months in jail for laundering money and defrauding the healthcare system. Love apparently used taxpayer’s money to live well beyond his means and his sentence is meant to make it clear to others defrauding the system that there is … Read more

I Invested in Real Estate Using Credit Card Convenience Checks. – Tina

“Dear Steve, I borrowed about $40,000 from 4 credit card companies after they kept sending me convenient checks with teaser rates. I had learned from a real estate seminar that this is the way to invest in real estate using other people’s money. I also used some of the money to invest in the stock … Read more

How Bad is Bankruptcy? Should I Wait to File Until My Home is Foreclosed? – Trudy

Trudy “Dear Steve, My son was diagnosed with Leukemia had bone marrow trasplant medical bills out the ying yang. I make my living as a Realtor but with no work and an economy that is shattered I lived off credit cards for two years so I could be full time caretaker to my son who … Read more

I’m a Realtor and Drowning in Debt. – Sharon

“Dear Steve, Due to downturn in housing market, my job as a Realtor was almost eliminated. My $160,000 annual commissions went down to less than $20,000 gross. All the costs associated with being a Realtor still applied. I used all my savings, retirement, insurance cash value, to survive. When that was gone, I used the … Read more

My Husband and I Are Considering Filing Chapter 7 Bankruptcy in Oklahoma. – Amber

Amber “Dear Steve, My husband and I are considering filing chapter 7 bankruptcy in Oklahoma. The only thing that I have in my name is $5,000 worth of property. My grandparents gave it to me and the way the deed is wrote up is that I can’t ever sell it. It can only be passed … Read more

My Husband Was Laid Off and We Lost Our Six Figure Income. – Cindy

“Dear Steve, In Nov. ’07 my husband was laid off as a homebuilding superintendent. His salary was 6 figures, we were in the middle of a huge remodel on our home. The bank stopped making loans to the buyers of his homes, the job site (an entirely new community) was shutdown, he was laid off … Read more

Josy Writes “My Real Estate Business Is Going Down The Drain”

Josy “Dear Steve, I am in the Real Estate Business. We are also a General Contractor. We currently have close to 4 million dollars in property, but have 1 million dollars in debt. But with the curent economy situation, we have found ourselves in a rut. With little money to build and lots of property … Read more