California Loan Officer and Broker Tells all in On-line Confession
Christopher Jared Warren posted his seven page confessional on the internet for the whole world to digest. It details his part in Mortgage Fraud and claims that he helped to bring down Taylor-Bean. He tells how he got rich of his fraudulent activities by the age of twenty six and then asks for mercy....
Cash-strapped homeowners are finding short-sales are hard to come by
Originaly by Paul Owers:  Cash-strapped homeowners who owe more than their properties are worth often try to get out of trouble by selling for less than the mortgage amount and asking lenders to forgive the difference. It sounds simple. But so-called short sales rarely are. The deals frequently are...
Commercial Mortgage Fraud in Nevada
Joseph D. Milanowski, President and de facto Chief Operating Officer of USA Commercial Mortgage Company doing business as USA Capital, pleaded guilty to wire fraud in Nevada on August 7 of this year. Milanowski has agreed to serve up to twelve years in prison and to make full restitution in an amount...
Fraud Case in Monterey County involves Mortgage Renegotiation
Melissa Dawn Garica, 28 of Watsonville is currently serving a four-year prison sentence for charges brought against her involving a home loan modification scheme. However, she is also charged in cases in Monterey County and is providing testimony against Maria de Lourdes Ponce, 51 and Fabian Olivarez...
Virginia Man Convicted of Mortgage Fraud
Godwin Asifo of Woodbridge, Virginia was convicted of two counts of mail fraud and one count of wire fraud involving yet another “Straw Buyer Scheme”. The affidavit against Asifo was filed in the U.S. District Court in Alexandia. A Federal jury convicted Asifo in the scheme that resulted in the foreclosure...
California Men Sentenced for Identity Theft and Mortgage Fraud
Howard Edwards and John Foster were sentenced this past week for their crimes between 2005 and 2007. The men who are formerly from Rancho Cucamonga obtained personal information from victims they befriended on an Internet Chat Line. Edwards and Foster used the personal information to obtain car loans...
Homeowners Battle to Keep Homes
Homeowners are battling with lenders to keep their homes even with the Making Home Affordable Plan. Homeowners are waiting months to find out it their modifications are approved by the lender and worst when they call they are sent to a call center over seas where the language issues enhancing their frustrations. Below...
Catholic Priest assists Hispanic Homeowners from Imminent Foreclosures
Rev. John Lasseigne, Priest at Mary Immaculate Church never believed his calling to become a priest throughout his years in college to be a lawyer would ever amount to this. Lasseigne had debated through college and law school if he should become a priest and too many of his Spanish speaking flock they...
Undervalued Homes Increasing
Homeowners throughout the nation came be sure they are not the only ones stuck in an unforgiving trap regarding their mortgage and the value of their home. Half of privately held mortgages in the United States are undervalued, meaning that the price of the home if you where to sell it is less than what...
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