Real Estate Fraud
Dodgy Home Appraisals Make a Comeback

Dodgy Home Appraisals Make a Comeback

Posted: December 4, 2014 at 9:30 am   /   Real Estate Fraud

Home appraisers are inflating the values of some properties they assess, often at the behest of loan officers and real-estate agents, in what industry executives say is a return to practices seen before the financial crisis. An estimated one in seven appraisals conducted from 2011 through early 2014 inflated home values by 20% or more, […]

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Condo Takeover Schemes are Forcing Homeowners Out

Posted: October 7, 2014 at 4:28 pm   /   Consumer News, Real Estate Fraud

Condo Takeover Schemes are an emerging trend where a real-estate investment company will buy up foreclosed condos in a building, take over the condo association and drive up fees so aggressively that homeowners have no choice but to sell their homes. The following article from digs deep into this growing trend.. When Marilyn Mack received […]

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Foreclosure Fraud

BofA’s Rebecca Mairone Fined $1Million; BofA Must Pay $1.3Billion

Posted: August 8, 2014 at 8:32 am   /   Real Estate Fraud

Randy Wray (Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute) on the foreclosure fraudsters at Bank of America… Now here’s Déjà vu all over again. You might remember the name Rebecca Mairone from a […]

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17 Mortgage Terms Defined

Posted: June 13, 2014 at 5:47 pm   /   Real Estate Fraud

This article by Michael Estrin clarifying mortgage types is a great resource for anybody looking to buy a home. Educating yourself on loan options is the best way to protect against unfortunate financial difficulties and foreclosures in the future. If you’ve ever shopped for a mortgage, you’ve probably been overwhelmed by an alphabet soup of […]

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bank of america mortgage fraud

BofA May Have to Pay for ‘Shoddy Mortgages’

Posted: June 6, 2014 at 3:47 pm   /   Consumer News, Real Estate Fraud

For its part leading up to the financial crisis, Bank of America may have to pay at least $12 billion due to how they allegedly handled mortgages. The better news: at least $5 billion is expected to go to consumer relief. From the Wall Street Journal: Bank of America Corp. BAC +1.07% is in talks to pay at least $12 billion to […]

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Avoid mortgage forclosure

An Ironic Telephone Call

Posted: February 25, 2014 at 10:58 am   /   Real Estate Fraud

I received a call today from a well-known retired collection lawyer. We had litigated cases against one another in the past. He was a zealous and talented adversary. He worked hard, and got good results for his clients. He sold his practice about 5 years ago, and was looking forward to the retired life. About […]

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