Real Estate
Online Rental Frauds and Scams
Several indicators reveal renters and home-seekers find use of online resources, such as websites and email, to be the best source of locating homes and apartments. However, these days we are hearing more about suspicious or abusive practices by some seeking to take advantage
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Feds Call National Mortgage Servicer
The Federal Trade Commission and Consumer Financial Protection Bureau are not playing any games when it comes to making loan servicers pay for illegal and unscrupulous behavior. The latest case, Green Tree Servicing LLC. Today, the FTC and CFPB reached a
Read MoreConsumer Financial Protection Bureau Releases Home Loan Toolkit
Consumer Financial Protection Bureau recently released “Your Home Loan Toolkit”, a consumer guide that is designed to replace the current Settlement Cost booklet when the TILA-RESPA Integrated Disclosures go into effect onAugust 1, 2015. The CFPB is providing the Toolkit well
Read MoreHow to Spot a Real Estate Scam
Purchasing a new home is an exciting time, be sure to watch out for those deals that are too good to be true. While a lot of the property sector still deals with real estate agents, house viewings and so
Read MoreEstate Planner Accused of Wire Fraud
Rapid City Journal – A former Rapid City man who built a career telling people how to manage their money and plan their estates has been indicted on federal wire-fraud and money-laundering charges. Federal authorities say Randall “Randy” McKee, 57,
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Family Accused in $20 Million Mortgage Fraud Scheme
USA TODAY – An extended family and several business associates were indicted on federal charges Thursday in a mortgage and welfare fraud scheme that authorities say netted more than $20 million. Federal agents arrested 13 people in pre-dawn raids in the
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Bank of America to Pay $17 Billion for Bad Home Loans
According to Philly.com, the SEC writes: “The Securities and Exchange Commission today announced a settlement in which Bank of America admits that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure
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Gilbert Resident Accused of Multi-Million Dollar Fraud
A Gilbert resident accused of multi-million dollar fraud was involved in California Republican campaigns. Farzaneh Akhavi, 55, is being accused of using her influence to systematically defraud a political hopeful out of $1.6 million. She was charged in a federal indictment of
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Firm Cons Lenders Out of $1.5 Million – Caught with Interpol Red Notice
Scamming banks and lenders was part of the job for Johar Mirza, the 33-year-old boss of a firm who allegedly tricked banks by submitting false mortgage applications and conning lenders out of $1.5million. The four year scandal led to an
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Judge Says U.S. Fraud Case vs. Bank of America Should Be Tossed
A federal judge has recommended the dismissal of a U.S. government lawsuit accusing Bank of America Corp of defrauding investors into buying about $855 million of mortgage securities that soured during the global financial crisis. If it stands, Thursday’s ruling by U.S.
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