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Loan Modification
: Flipping FrenzyTwo indicted in alleged mortgage fraud scheme Broker, homebuilder face up to 40 years in prison
By Ralph Roberts
Full post as published by Flipping Frenzy on August 25, 2010 (boomark / email).
17 indicted in alleged mortgage-fraud scheme
From Mark Morris: A Kansas City federal grand jury indicted 17 people today in an alleged $12.6 million mortgage fraud scheme centered on Lee?s Summit and Raymore. According to the indictment, the conspirators engineered the sale and purchase of new...
South Philly Mortgage Broker Gets 12+ Years In Mortgage Fraud Scam Involving Borrowed, Stolen IDs, 180 Properties In Or Near Foreclosure
In Philadelphia, Pennsylvania, The Philadelphia Inquirer reports:A South Philadelphia mortgage broker charged with a murder-for-hire plot was sentenced yesterday to more than 12 years in federal prison for a separate mortgage-fraud scheme...
Florida Mortgage Broker Convicted of Mortgage Fraud Gets 6 Year Prison Sentence
Ramon Cendana, 48, of Orlando was sentenced to more than six years in federal prison Wednesday for his role in a mortgage fraud scheme, prosecutors said. Cendana also was ordered to pay more than $240,000 in restitution...
Unlicensed California Mortgage Scammer Sent to Prison for 6 Years
Jared Tornow, a San Clemente, Calif. man who acted as a mortgage broker under several umbrellas, including the Orange-based Lucrativo Real Estate Solutions Inc., was sentenced to 70 months in federal prison for his conviction on tax evasion, mail fraud and credit card fraud charges related to a mortgage fraud scheme that caused at least [...
Ex-Mortgage Broker Gets 9+ Years In Subprime, Straw Buyer Mortgage & Foreclosure Rescue Scams Involving $200M+ In Fraudulently Obtained Loans
In New York City, The Wall Street Journal reports:A one-time mortgage broker was sentenced to more than nine years in prison Thursday after pleading guilty last year in a home-foreclosure rescue scheme and in a separate scheme to defraud subprime lenders...
Four Face Federal Charges In Alleged Straw Buyer Mortgage Fraud Scheme Designed To Assist Struggling Oklahoma Homebuilder Unload Unsold Inventory
In Muskogee, Oklahoma, Tulsa World reports:Four people, one of them a Tulsa firefighter, were arraigned [last] week in federal court in connection with an alleged mortgage conspiracy that defrauded lenders and homeowners...
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