I still see 1-3 of these per day, with no end in sight. Excerpts from this article at msn.com: Real-estate agent Lynne Wright thought she had found the perfect home for her clients. The quiet house on a cul-de-sac in one of the most prestigious gated communities in...
From sddt.com: There is one part of the real estate market that is booming: mortgage fraud. A new report issued this week from the Federal Bureau of Investigation finds the annual loss from devious activities in the mortgage market totals between $4 billion and $6...
Thanks to the several people who sent in this article, from CNNMoney.com: In this latest twist on short sale fraud, scammers have found a way to rip off mortgage lenders by tens of thousands of dollars -- sometimes in a matter of hours. The scam artists, usually real...
Hat tip to Kelly Bennett, who has been following this swindler's story - another going to jail! James McConville, the man at the center of our 2009 investigation into a massive real estate scam in San Diego County, is expected to appear in court next week and plead...
The owners of the L.A. Dodgers have just settled their nasty divorce, which divulged the four expensive L.A. homes they bought during their tenure. Here is one, from businessinsider.com: Jamie McCourt likes to swim. That's cool, right? I mean, swimming is fantastic...
Hat tip to BM for sending this along - for more on this story, go to the victim's blog linked here.
We've covered this topic in full, but glad to see this article mentioning the specific penalities for short-sale fraud - up to 30 years in prison! From the latimes.com: Are banks and distressed home sellers getting rooked on a massive scale in the booming short-sale...
From Ken Harney as seen in the latimes.com: Reporting from Washington: Can the Internal Revenue Service handle tax credit programs that pump out billions of dollars to homeowners and buyers? A new federal investigation on home energy tax credits suggests the answer...
From HW: Short sales increased rapidly over the last several quarters, but wherever there are home sales, there are home sales fraud. Sales of properties on the verge of foreclosure tripled over the last two years and will increase another 25% this year, according to...
By Matt Taibbi: Got a chance to meet Josh Rosner (co-author, with Times reporter Gretchen Morgenson, of the new book Reckless Endangerment) last night during an appearance on Eliot Spitzer’s In the Arena. We were brought in to talk about the new investigation of the...
