Jeffrey Gonsiewski, 56, Wood Dale, Illinois, a former suburban bank vice president pleaded guilty to federal fraud charges, admitting that he changed the terms of at least 100 loans for at least 50 customers and caused the bank to lose at least $ 5.5 million. Gonesiewski, formerly vice president of the loan department ...
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Written by Jimmy on September 3rd, 2010
Written by Jimmy on September 3rd, 2010
Jason Vitulano, 44, Boca Raton, Florida, the former branch manager for the Top Dot Mortgage Boca Raton branch, was sentenced August 26, 2010, to 63 months in prison by U. S. District Judge Donald M. Middlebrooks. Vitulano had previously pled guilty to Counts 1 and 12 in the superseding indictment.
Co-defendant and ...
Written by Harlan Gray on September 3rd, 2010
In most states, foreclosure is initiated after three payments have been missed. In most states, the beginning of foreclosure is a document known as the notice of default. It will be mailed to the property address, and often nailed to the door of the property as well. In some states ...
Written by Jimmy on September 3rd, 2010
Doninador Palalay a.k.a. Dominador Palalay, Marie Tejada Medina and Benjamin Aquino Moraleda III were indicted for allegedly operating a foreclosure rescue scam in Las Vegas, Nevada, during 2008 and 2009. The defendants allegedly operated the foreclosure rescue scam under the business name of PDM Financial Group, Inc.
The indictment alleges that PDM Financial ...
Written by Jimmy on September 3rd, 2010
In Thornton, Colorado, KUSA-TV Channel 9 reports:Chris Carpenter says he has paid his mortgage on-time for the nearly seven years he has owned his home. [...] But Friday, Carpenter said his wife brought a letter from the mailbox from his mortgage lender, Bank of America, that baffled the couple. "She ...
Written by Jimmy on September 3rd, 2010
LegalNewsLine.com reports:Homeowners gained leverage for litigation against mortgage lenders through the financial reform law Congress passed this summer. The Dodd-Frank Wall Street Reform and Consumer Protection Act not only tightened mortgage rules, but it also multiplied potential damages against rule breakers.***Along with mortgage litigation, the bill invites consumer fraud litigation. ...
Written by Jimmy on September 3rd, 2010
In Lewisburg, Tennessee, WSMV-TV Channel 4 reports:The Vetter family in Lewisburg first learned their house was being auctioned on the courthouse steps when they read it in the newspaper the day before. They’d paid a home loan modification company to help them avoid foreclosure, but later discovered the company had ...
Written by Jimmy on September 3rd, 2010
In Medford, Oregon, the Mail Tribune reports:A Gold Hill couple may lose their home because of the illegal acts of a Florida-based mortgage consultant now being sanctioned by the Oregon attorney general. 1st Call Consultants, of Boca Raton, Fla., must stop doing business in Oregon and was required to repay ...
Written by Jimmy on September 2nd, 2010
American Home Mortgage Servicing Inc. (AHMS), Coppell, Texas, has been charged with using illegal debt collection tactics and improperly misleading struggling homeowners.
According to state investigators, the defendant claimed to have a "Home Retention Team" to assist distressed homeowners. Many customers found that AHMS could not qualify homeowners and that they were ...
Written by Jimmy on September 2nd, 2010
Rheena Bartolome, 30, and her husband Robert Silver, 32, both of Los Angeles, California, pleaded guilty to wire fraud and money laundering in connection with the purchase of four Baltimore, Maryland properties.
According to their plea agreements, Bartolome, Silver and a partner formed a company called Dream Day Real Estate Developers LLC to ...
Written by Jimmy on September 2nd, 2010
Aaron V. Hernandez, 41, McLean, Virginia, was sentenced to 63 months in prison, followed by four years of supervised release, for running a mortgage fraud scheme that caused more than $ 4.5 million in losses. Hernandez was ordered to pay more than $ 4.5 million in restitution and was ordered to forfeit ...
Written by Jimmy on September 2nd, 2010
In Charlotte County, Florida, the Sarasota Herald Tribune reports:Residents in a retirement community here say they are being threatened with lien and foreclosure notices because of a legal battle with their homeowners association. About 50 residents of the Gardens of Gulf Cove, [...] are suing the association that manages the ...
