Mortgage Fraud Leader Sentenced to Nearly 17 Years in … – Big Hollywood
… related to mortgage fraud, including mail, wire and bank fraud, and transactional money laundering. Bernadel led a two-year conspiracy involving the purchase of 37 properties using fraudulent loan documents and receiving cash back at closing …
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Bernadel led a two-year conspiracy involving the purchase of 37 properties using fraudulent loan documents and receiving cash back at closing. Seven co-conspirators were also charged and have pleaded guilty for their involvement in the conspiracy and … Go to Source…
CHICAGO—A former Chicago lawyer was sentenced to 15 years in federal prison for engaging in mortgage and bankruptcy fraud schemes involving a so-called “mortgage bailout” program that purported to “rescue” financially distressed homeowners but … Go to Source…
Two Weston men and a Milford woman were indicted Wednesday on federal charges for allegedly orchestrating a fraudulent mortgage scheme. The indictment alleges the men conspired to commit wire fraud involving a home on … Go to Source…
CAPE GIRARDEAU, MO (KFVS) – A Creve Coeur man was sentenced to eleven years in prison for his role in a mortgage fraud scheme involving residential real estate in Sikeston. Russell Todd McBride received that sentence in federal court on Monday … Go to Source…
CAPE GIRARDEAU, MO (KFVS) – A Creve Coeur man was sentenced to eleven years in prison for his role in a mortgage fraud scheme involving residential real estate in Sikeston. Russell Todd McBride received that sentence in federal court on Monday … Go to Source…
Bank of America announced on Monday that it had paid more than $2.5 billion to buy back troubled mortgages and resolve related claims from Fannie Mae and Freddie Mac — deals that may prompt a wave of such settlements by big banks. The agreements center … Go to Source…
Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals. My business partner and I purchased both properties from families who were in preforeclosure. The leads for each …
Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals. My business partner and I purchased both properties from families who were in preforeclosure. The leads for each …
NEW YORK (Reuters) – American International Group’s bid to take back $15.7 billion in risky mortgage bonds may inject fresh confidence in a market where investors had started to question a nearly two-year rally. AIG said on Thursday it made the offer to … Go to Source…
Recently, the Mortgage Banker’s Association released a report that echoed findings by the Mortgage Asset Research Institute describing three of the most recent mortgage fraud schemes rising in the ranks in terms of popularity. Know what these are and watch for them. 1. Foreclosure Prevention Schemes Foreclosure prevention schemes typically involve some sort of self-proclaimed foreclosure specialis…
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