Deputy District Attorney of the Real Estate Fraud Division, Walter Mueller announced in a press release the indictment of Mario Raul Guevara. Guevara, 30 was arraigned and pleaded not guilty on September 23. Guevara a real estate broker was charged with four counts of grand theft of personal property,...

Donald E. Phillips the managing Director of Phillips Development and Realty LLC promised to fight the financial institutions that were unwilling to extend mortgages or fund development loans as agreed upon in relation to current projects the development company is involved in. First Horizon Bank has...

Two hundred properties valued at over one million dollars are the subject of a mortgage fraud scheme that was uncovered by complaints of noise by neighbors in Washington suburb. Twenty Northern Virginia residents were arrested and authorities have warrants out for the arrest of an additional four individuals...

Marion Pratt, 34, from Brooklyn Park, MN was sentenced to ten years prison for his role in a mortgage scam that has left North Minneapolis, MN in a foreclosure nightmare. Hennepin County Judge Steven Lange told Pratt at his sentencing that “there is greed and then there is greed and in this case,...

The Salem Oregon Police Department, The Department of Justice and the Oregon Department of Consumer and Business Services announced in a press release on September 23RD that after a two month investigation they have arrested Julian Ruiz. Mr. Ruiz, 38 of Keizer was arrested Wednesday morning by the Salem...

IndyMac ‘s problems continue even after a sixteen billion dollar rescued purchase from OneWest Bank in March of this year. The once giant mortgage lender is being used by MBIA Insurance Corporation for the discarding more than one billion dollars in defaulted loans on the mortgage Insurers plate....

Acting United States Attorney for the Eastern District of Missouri, Michael Reap in a press release today publicized the sentencing of Shawn Cannon. Mr. Cannon received sixty months for bank fraud, identity theft and bankruptcy fraud. His sentence is to be served in federal prison. United States District...

Winston Thomas, 43, from New Carrollton, Maryland was sentenced September 21st to just over three years in federal prison and three years of probation upon his release by United States District Judge Deborah K. Chasanow. Mr. Thomas was also ordered to pay the Internal Revenue Service over fifty eight...