Thursday, December 15, 2011

Mortgage Scams Identity Theft News - Thu Dec 15, 2011


New Jersey Man Admits $3 Million Mortgage Fraud Scheme
LoanSafe
by Moe Bedard on December 13, 2011 in Scams (Source: FBI) CAMDEN, NJ—A New Jersey man admitted today to conspiring to participate in a mortgage fraud scheme that caused lenders to release approximately $3 million based on fraudulent loan applications ...
Indiana Foreclosure Fraud Victims Receive Compensation From State Fund
LoanSafe
On December 8th, the AG's office filed a complaint against Mortgage Litigation Law Group and Home Start Services for unlawfully charging homeowners an upfront fee for foreclosure prevention services. The complaint notes that both companies violated the ...
MA Real Estate Attorney Faces Up to 20 Years in Prison for Fraud
LoanSafe
The indictment shows that Mr. Foley, along with an associate participated in a mult-million dollarscam in which defrauded six mortgage lenders. From December 2006 to January 2007 the team was able to obtain almost $5 million in mortgages for the ...
Texas Man Sentenced in Connection With $1.6 Million Foreclosure Prevention Scam
LoanSafe
Due to the fact that filing bankruptcy leads to an automatic stay, Gladle's clients were temporarily protected because the servicer of the mortgage is required to go to court in order to collect on the debt. Once his clients wanted out of the 1/100th ...

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