Hat tip to Susie for sending this in, from the latimes.com: (story was first broke here: http://loscerritosnews.net/index253.htm) A former Los Angeles County property appraiser who secretly granted large, unauthorized tax breaks to wealthy homeowners told officials...
Last week we discussed a situation in Chula Vista where two short-sale frauds were potentially undermining the ability of others to sell for top dollar. Shady short-sales erode the faith and trust in the system - which could cause participants to make erroneous...
Sent in by an anonymous flipper. Fifteen percent of this year's NSDCC sales have been round-tripped: We’ve purchased a couple at trustee sale recently where the “comps” are all short sales and REO’s. Typically it’s never a problem getting 5 – 10% more than a...
From nbcsandiego.com: High profile real estate agent Eric Elegado, his wife Charmagne and seven associates are charged with conspiracy to commit mail and wire fraud, wire fraud, conspiracy to commit money laundering and other charges involving an alleged mortgage loan...
From HW: Who said housing scams can’t read like a zombie movie? In this scam, a man came back from the dead to trick people in to investing in bad houses. I foresee a blockbuster hit. Cleveland’s News Net 5 uncovered the scheme, perpetrated by a man now named John...
These houses sold for $1,200,000+, and those listed there now are trying to get mid-$700,000s: (Source: FBI) - United States Attorney Laura E. Duffy announced that Simon Saed Alizadeh was arraigned in federal court in San Diego today on an indictment charging Alizadeh...
From 10News: SAN DIEGO -- A woman was arrested in connection with an alleged housing scam centered in the South Bay, the San Diego County District Attorney's Office announced Monday. The district attorney's office said Dianne "Harmony" Brown illegally took over...
From Kelly Bennett at the voiceofsandiego.org: This time three years ago, we were working on an investigation into why more than 80 condos in North San Diego County fit an odd pattern of extravagantly high purchase prices and near-immediate foreclosure. Today, the man...
From cnnmoney.com (seen at CR): NEW YORK (CNNMoney) -- Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight. Among the tactics: Challenging the bank's actions, waiting to file...
There will be realtors who see this video and think, "Jim, you have it all wrong." "The listing agent's duty is to the seller only, not the bank." But that is the short-sighted, greedy viewpoint. For agents to hide behind that simple thought, and ignore the big...
