United States Department of Housing and Urban Development otherwise known as HUD has what is called Home Equity Conversion Mortgages Program. The program was designed to help senior citizens obtain financial security through a Federal Housing Administration insured reverse mortgage loan. The program...

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...

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...

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...

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...

Lillian W. Tressler and Joey C. Hedden have been charged with defrauding the National Bank of South Carolina. Then National Bank South Carolina was founded in Sumter, South Carolina. The indictment charges that Ms. Tressler, age 56 from Westminster, South Carolina recommended to Mr. Hedden, age 55, from...

Quality Loan Service Corporation of Washington was ordered to pay the estate of Mrs. Dorothy Halstien two hundred thirty thousand dollars for selling the now deceased woman’s Whidbey home at auction after she fell behind in payments. Legal Professionals believe this is the first case to reach a jury...

Stephen Petrovich, Chief of Police, Rob Petrovich son and Steven Reese, Ryan O’Brien, Tyler Forrey and Troy Bossert have all entered pleas in relation to a four million two hundred thousand dollar mortgage conspiracy. The five were accused of conspiring to obtain financial gain by submitting and obtaining...

You can steal and burn money many different ways. Leaders of financial firms use a conservative bias with money they lend to protect society’s most precious asset: Savings accumulated through blood, sweat, tears — sacrifice. Unless you live in interesting times. What was sacred is profane. We have...