Posted by US Loan Auditors in Company News, Featured Articles, Loan Auditors on 03 9th, 2010 | No Comments
Channel 3’s Walt Gray Interviews US Loan Auditors
Walt Gray interviewer for California’s KCRA Channel 3 digs deeper into the foreclosure audit scam that is sweeping across the state. Attorney General Jerry Brown held a news conference last week warning of the dangers regarding phony foreclosure specialists.
Attorney General Jerry Brown warned citizens of California to be on alert. He mentioned that foreclosure consultants are prohibited by law from collecting upfront fees for services; to never ignore letters from your lender; never transfer...
Indymac OneWest Bank and the FDIC
Nineteen months after the catastrophic failure of one of Sacramento’s top lenders, Pasadena-based IndyMac Bank, a flurry of local lawsuits alleges that the bank’s successor – OneWest Bank – is systematically working to push home loan borrowers into foreclosure.
The allegations filed in the Eastern District of U.S. Bankruptcy Court claim that OneWest can make more money by foreclosing than by keeping borrowers in their homes. That’s due to its so-called “shared-loss”...
FBI creates team to combat mortgage fraud
The Federal Bureau of Investigation in May of 2009 created a team to defend against mortgage fraud. The team since its inception has been using covert operations, wire tapping, and advanced computer technology to obtain evidence involving economic crimes.
The team is known as the National Mortgage Fraud Team and is located at the Federal Bureau of Investigation headquarters. The team is designed to assist field agents and offices with pending investigations across the United States.
The National...
Posted by US Loan Auditors on 03 11th, 2010
Is Home Affordable Modific...
The United States Treasury Department released the lasted Home Affordable Modification Program numbers on February 17th and did their level best to put a positive tone on the less than positive numbers. The program numbers reveal a complete failure to meet the objectives.
Millions of homeowners have been lured into payment plans that are a temporary fix with a false sense of permanent loan restructuring...
Posted by US Loan Auditors on 03 10th, 2010
Woman receives 8 yrs 8 mon...
An investigation conducted by the Federal Bureau of Investigation, the Criminal Investigation Division of the Internal Revenue Service and the United States Secret Service has resulted in the conviction of Dawn Quiroga.
Assistant United States Attorney Jeb Boatman successfully prosecuted the case against Ms. Quiroga in which Ms. Quiroga admitted that she did not file income tax returns for the 2007...
Posted by US Loan Auditors on 03 9th, 2010
Channel 3’s Walt Gray In...
Walt Gray interviewer for California’s KCRA Channel 3 digs deeper into the foreclosure audit scam that is sweeping across the state. Attorney General Jerry Brown held a news conference last week warning of the dangers regarding phony foreclosure specialists.
Attorney General Jerry Brown warned citizens of California to be on alert. He mentioned that foreclosure consultants are prohibited by law...
Posted by US Loan Auditors on 03 8th, 2010
Indictment in 2.5 Million ...
The Manhattan District Attorney, Cyrus Vance announced on February 9th the indictment of Adam Hockfelder for his involvement in two real estate deals which defrauded investors of over two million five hundred thousand dollars. The deals Mr. Hockfelder is accused are revolve around his purported acquisition of the Peaks Resort and Spa in Telluride, Colorado and The Sagamore Hotel on Lake George.
Mr....
Posted by US Loan Auditors on 03 3rd, 2010
Conspirator in Fraud Schem...
Freddie Young, age 44, from Jackson, pleaded guilty on February 5th to two counts of using false pretenses to acquire more than twenty thousand dollars. Prosecutors allowed Mr. Young to plea to a lesser charge and dropped the third charge of racketeering.
Assistant prosecutor Nick Mehalco Jr. stated that seven four thousand dollars was seized from Mr. Young as part of the investigation and will be...
Posted by US Loan Auditors on 03 2nd, 2010
Ten charged with Mortgage ...
Federal investigators have identified ten individuals in regard to a twenty-four million dollar mortgage fraud. The indictment against the ten individuals states that three of the conspirators would identify the properties in which the conspirator would use to defraud mortgage lending institutions. The conspirators would then recruit family and friends to use as straw buyers to purchase and sell the...
Posted by US Loan Auditors on 03 1st, 2010
Jerry Brown’s Crack ...
US Loan Auditors Applauds California Attorney General
Scam Artists Request Upfront Fees, Property Title Transfers and Escrowed Mortgage Payments
SACRAMENTO – February 25, 2010 – US Loan Auditors announced today that they are endorsing California Attorney General Jerry Brown’s crack down on “phony loan audits” and “loan modification” scam artists by warning California families that scammers...
Posted by US Loan Auditors on 02 28th, 2010
Priority Search Inc and Pr...
Priority Search Inc and its President and Treasure, Elizabeth Sichler are the center of several lawsuits involving the now defunct Kingston Title Search Company. The United States Secret Service is currently investigating the title company and its principals. Bob Slama, a spokesperson for the United States Secret Service stated that Priority Search Inc. and its principals Elizabeth Sichler and Robert...
Recent From Mortgage Crisis
US Loan Auditors Fights Predatory Lending
