Archives

MINNEAPOLIS, MN - September 8, 2011 - (RealEstateRama) -- Earlier today in federal court, a 52-year-old man was charged for his role in a $20 million mortgage fraud scheme that involved 57 properties. Douglas Rex Butler was charged via an information w...

Atlanta, GA - September 5, 2011 - (RealEstateRama) -- GoFightForeclosure.com ( http://GoFightForeclosure.com ) “Go Fight Foreclosure System” announced today a groundbreaking application system for mobile devices designed to stop home foreclosure exposing mortgage fraud foreclosure prevention tips. The new App is available for download on Android as a complimentary resource tool to help homeowners fight foreclosures and win.

Atlanta, GA - August 8, 2011 - (RealEstateRama) -- Gofightforeclosure.com a self help system that shows homeowners defenses to fight home foreclosure and mortgage fraud through tactics how to challenge mortgage notes. Today announced the top five foreclosure tactics to get the bank to cancel foreclosure sales. Citing that bank foreclosures are rarely enforceable because of the lack of security interest.

MIAMI, FL - August 4, 2011 - (RealEstateRama) -- Louis Gendason of Delray Beach, Fla.; Kimberly Mackey of Pittsburgh; and John Incandela, of Palm Beach, Fla., pleaded guilty today to one count of conspiracy to commit wire fraud for their participation in a $2.5 million Home Equity Conversion Mortgage, or reverse mortgage, fraud scheme

PORTLAND, OR - July 13, 2011 - (RealEstateRama) -- Two members of an alleged drug trafficking organization were arraigned today on money laundering and marijuana trafficking charges involving the abuse of the Oregon Medical Marijuana Program (OMMP), U....

BOISE, ID - July 13, 2011 - (RealEstateRama) -- Melody C. Redondo, 33, of Meridian, Idaho, was sentenced today to 15 months in prison followed by five years of supervised release for making a false statement to a financial institution, U.S. Attorney We...

BIRMINGHAM, AL - June 29, 2011 - (RealEstateRama) -- Federal prosecutors on Monday charged a Birmingham man for running a mortgage fraud scheme in which he sold houses that he did not own, U.S. Attorney Joyce White Vance announced.

VIENNA, VA - June 28, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today, in its First Quarter 2011 Mortgage Loan Fraud (MLF) analysis, reported that the number of MLF suspicious activity reports (SARs) rose to 25,485 up 31 percent from 19,420 in the first quarter of 2010. FinCEN attributes the increase to large mortgage lenders conducting additional reviews after receiving demands to repurchase poorly performing mortgage loans. In the first quarter of 2011, 86 percent of MLF SARs reported activities which occurred more than two years prior to the filing of the SARs.

PORTLAND, OR - June 14, 2011 - (RealEstateRama) -- Jennifer Venable, 29, of Beaverton, Oregon, was sentenced by the Honorable Robert E. Jones of the United States District Court on June 8, 2011, to 5 years’ probation and ordered to pay $15,000 in res...

ALBUQUERQUE, NM - April 22, 2011 - (RealEstateRama) -- United States Attorney Kenneth J. Gonzales announced that this afternoon, a federal jury convicted Albuquerque real estate agent Kevin Powers, 51, of 17 counts of wire fraud in connection with an unlawful scheme to defraud mortgage lenders and to obtain over $5.5 million in loan proceeds through false pretenses, misrepresentations, and omissions. At sentencing, Powers faces up to 20 years’ imprisonment and a maximum $250,000 fine on each count of conviction. Powers remains on release under pretrial supervision pending his sentencing hearing, which is scheduled for July 18, 2011.

VIENNA, VA - January 6, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released its third quarter 2010 mortgage fraud report, Mortgage Loan Fraud SAR Filings. The report shows that suspicious activity reports (SARs) characterized by filers as indicating possible mortgage loan fraud (MLF) increased 2 percent to 16,693 in the third quarter of 2010 up from 16,339 MLF SARs in the 2009 third quarter.

CLEVELAND, OH - December 20, 2010 - (RealEstateRama) -- Cuyahoga County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General Richard Cordray and Ohio’s Organized Crime Investigations Commission announced that Susan Alt was sentenced to nine years in prison and ordered 2 million dollars in forfeiture

JACKSONVILLE, FL—U.S. Attorney Robert E. O'Neill announces that a federal jury today found David Wesley Vickers (age 48, of Jacksonville) guilty of nineteen counts arising out of a mortgage fraud scheme, including conspiracy to commit mail, wire, and bank fraud. Vickers faces a maximum penalty of 30 years in federal prison for the conspiracy count and 20 years for each of the other counts. A sentencing date has not yet been set.

VIENNA, VA - December 14, 2010 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released two mortgage fraud reports entitled Mortgage Loan Fraud SAR Filings, which together cover the first six months of 2010; one report covers January through March 2010, and the other covers April through June 2010.