Military Families are you target for Predatory Lending?
Military personnel across the country are put in harm’s way but they and their families are also asked to move frequently on new assignments which trigger relocation costs that the average family doesn’t do. Military personnel on average have low pay scales as well which often hinder relocation moves...
Hearing on Protecting the American Dream Part II
Statement of the Honorable John Conyers, Jr. for the Hearing on Protecting the American Dream Part II: Combating Predatory Lending Under the Fair Housing Act Before the Subcommittee on the Constitution, Civil Rights, and Civil Liberties Thursday, April 29, 2010 at 1:00 p.m. 2141 Rayburn House Office...
MD Loan Officer charged with $2.8 million fraud
Douglas Skibicki, age 41 from Bethesda, Maryland has been charged with mail fraud, aggravated identity theft, and bankruptcy fraud in a scam that defrauded lenders and his own relatives and friends of over two million eight hundred thousand dollars. Mr. Skibicki was an agent for First Investment Choice...
You lost your house - but you still have to pay
By Les Christie, CNNMoney As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right? Wrong. Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the...
Condo Fraud in Miami
Thirteen individuals have been indicted for mortgage fraud in relation to luxury condominiums in Miami, Florida. Federal Investigators allege that the ring scammed mortgage lenders of over sixteen million nine hundred thousand dollars. The scam involved the purchase of luxury Condominiums in downtown...
San Jose man sentenced to year for grand theft
Hector Ricardo Esquivel, age 32 from San Jose was sentenced  on March 30th to one year in jail after being convicted of six felony counts of grand theft for defrauding homeowners in a mortgage loan modification scam. Mr. Esquivel pleaded guilty on February 11th of this year. He was arrested back in...
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