Category Archives: Fraud (builder)

Ex-NFL Star Indicted for Mortgage Fraud

June 15, 2007 – 1:04 pm

FIVE INDICTED IN MORTGAGE FRAUD SCHEME [HOUSTON, TX] – A licensed Texas attorney and real estate developer, a sports agent, two bank loan officers, and a real estate appraiser have been indicted in a multimillion dollar mortgage fraud scheme, United States Attorney Don DeGabrielle, interim Special Agent in Charge Alex J. Turner of the FBI [...]

By mortgageforensics | Also posted in embezzlement, Fraud (appraiser), fraud (attorney), Fraud (borrower), Fraud (buyer), Fraud (lender), Fraud (loan agent), Fraud (realtor), Fraud (seller), Fraud (title/escrow), mortgage fraud | Comments (2)

Did You ‘State’ Your Income On Your ‘Stated Income’ Loan?

June 12, 2007 – 3:03 pm

Well, for those of you who live in Arizona, we hope you did not inflate your income on your loan application. House Bill 2040 – about to be signed by the Governor – makes that a felony in your state. Arizona is among the top 10 states in the number of foreclosures filed this year. [...]

By mortgageforensics | Also posted in Fraud (appraiser), fraud (attorney), Fraud (borrower), Fraud (buyer), Fraud (lender), Fraud (loan agent), Fraud (realtor), Fraud (seller), Fraud (title/escrow), mortgage fraud | Comments (1)

From the FBI: All You Need to Know About Mortgage Fraud

May 27, 2007 – 2:30 pm

MORTGAGE FRAUD INDICATORS Inflated Appraisals • Exclusive use of one appraiser Increased Commissions/Bonuses – Brokers and Appraisers • Bonuses paid (outside or at settlement) for fee-based services • Higher than customary fees Falsifications on Loan Applications • Buyers told/explained how to falsify the mortgage application • Requested to sign blank application Fake Supporting Loan Documentation [...]

By mortgageforensics | Also posted in Contract law, embezzlement, Foreclosure, Fraud (appraiser), fraud (attorney), Fraud (borrower), Fraud (buyer), Fraud (lender), Fraud (loan agent), Fraud (realtor), Fraud (seller), Fraud (title/escrow), mortgage fraud | Comments (2)
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