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Written by Administrator on February 6th, 2012
Michael Hudalla, Mendota Heights, Minnesota, was sentenced by a Hennepin County District Court Judge to 75 months in prison on two counts of racketeering in a major mortgage fraud case. Mortgage Fraud Blog - Perp Walk
Written by Administrator on February 6th, 2012
In Memphis, Tennessee, The Commercial Appeal reports:Former Chancery Court bookkeeper Brandon Gunn was sentenced Friday to four years in federal prison and ordered to repay more than $ 1 million in surplus tax foreclosure funds he embezzled from the office between 2008 and 2011. [...] The 47-year-old Gunn pleaded ...
Written by Administrator on February 4th, 2012
In New York City, Crain's New York Business reports:Overleveraged residential buildings, properties that are not generating enough rental income to cover their mortgage payments and overall maintenance costs, as well as multi-family buildings that have gone through foreclosure are having a negative impact on neighboring properties, according to a new ...
Written by Administrator on February 2nd, 2012
In Alameda County, California, the Contra Costa Times reports:A mountain of debt cloaked in years of forged spousal signatures and a pending foreclosure were the motive for a Pleasanton woman to burn down her home in a 2008 fire, according to arguments given by prosecutors before the Alameda County grand ...
Written by Administrator on February 2nd, 2012
From the Office of the U.S. Attorney (Birmingham, Alabama):A federal judge [...] sentenced a Birmingham man to five years in prison for a mortgage fraud scheme in which he sold three houses that he did not own, announced U.S. Attorney Joyce White Vance, [and others].U.S. District Judge Sharon Lovelace Blackburn ...
Written by Administrator on January 31st, 2012
In Denver, Colorado, The Denver Post reports:A years-old practice allowing foreclosure attorneys simply to attest with a signature that a bank has the right to take someone's home rather than produce the actual mortgage documents is the target of new legislation.The bill, introduced last week by Rep. Beth McCann, D-Boulder, ...
Written by Administrator on January 31st, 2012
In St. Louis, Missouri, the St. Louis Post Dispatch reports:John Kevin Kennedy was an engineer at Anheuser Busch for 30 years. Then came the sale to InBev, and the big downsizing at the brewery left Kennedy out on the street along with much of his department.With no job, he asked ...