In New York City, the New York Post reports:The banks still just don't get it. In a staggering 92 percent of the claims brought by creditors asserting the right to foreclose against bankrupt families in New York City and the close-in suburbs, banks and mortgage servicers couldn't prove they had ...
Most Recent Articles For: Broken
Written by Administrator on August 16th, 2011
Written by Administrator on June 27th, 2011
ProPublica reports:Four years into the foreclosure crisis, banks say they've made major improvements in how they handle struggling homeowners. They've promised, for example, not to foreclose on homeowners who are being considered for mortgage modifications. But that's still happening.Consider the cases of Laurie Pinkerton and Lisa Peterson. The two women, ...
Written by Administrator on January 23rd, 2011
Foreclosure Investing - How To Buy A Short Sale Property
A short sale is a form of pre-foreclosure sale where the lender agrees to accept less than the loan amount to avoid foreclosure. Such a short sale results in a discounted purchase price ...
Written by Administrator on December 9th, 2010
George O'Neal, 70, Anne Arundel County, Maryland, who operated from an office space in Annapolis, Maryland, was indicted on October 19, 2010, and pleaded guilty to wire fraud in connection to three fraud schemes.
According to O'Neal's plea agreement, from 2004 to 2006, O'Neal placed ads in newspapers soliciting investors in Baltimore row houses. ...
Written by Administrator on December 9th, 2010
Bruce Fred Friedman, Los Angeles, California, was indicted on September 20, 2010, by a federal grand jury on 23-counts. Through his company, Diversified Lending Group, Friedman lured investors with promises of high returns from investments in distressed properties. In reality, Friedman used newer investor money to make payments to earlier investors, ...
Written by Administrator on December 8th, 2010
"Operation Broken Trust" is a nationwide operation that targeted investment fraud. The Operation Broken Trust cases in the Northern District of California include:
United States vs. Nicole SongNicole Song (a/k/a Paris Samantha Song), 32, Las Vegas, Nevada, was sentenced on Sept. 16, 2010, to seven years in prison and ordered to pay $ ...
Written by Administrator on November 20th, 2010
In Jefferson County, Texas, The Southeast Texas Record reports:In hopes [to] keep the bank from taking their home, Groves residents Keith and Julia Keen have filed suit against Sun Trust Mortgage. [...] In April, the Keens could no longer afford to pay their mortgage and contacted U.S. Mortgage Solutions to ...
