David Saks: December 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Mortgage Fraud Blog for December 11, 2014

 
 
Mortgage Fraud Blog sends me an update email once per week.
 
The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com.
Rachel Dollar

Rachel Dollar is a California attorney who represents lenders in mortgage related litigation. She is a shareholder at Smith Dollar PC. Ms. Dollar is a nationally recognized speaker, is licensed to practice law in California and maintains offices in Santa Rosa, California.

Mortgage Fraud Blog is sponsored by Smith Dollar PC and Rachel Dollar Risk Management, Inc.

Mortgage Fraud Blog | Mortgages and fraud and the law, oh my! - 10 new articles

In This Issue...

2 Former Bank Officials Admit Concealing Loan Delinquencies

Husband and Wife Sent to Prison for Running Debt-Relief Scheme

Three Perpetrators of $49.6 Million Mortgage Fraud Scheme Sentenced

Fraudster Sent to Prison for Making False Statements to Bank

Man Charged with Running Advanced Fee Loan Scheme

Husband and Wife Sent to Prison for Mortgage Fraud

Escrow Agent Sentenced for Investment Scheme

Real Estate Investor Agrees to Plead Guilty to Bid Rigging

Physician-Businessman Sentenced to 108 Months for Mortgage Loan Fraud

Mortgage Fraud Promoter Pleads Guilty

Search Mortgage Fraud Blog | Mortgages and fraud and the law, oh my!
2 Former Bank Officials Admit Concealing Loan Delinquencies

Mortgage Fraud Blog.

Martin E. Schmidt, Jr., 57, Beecher, Illinois, and Donna M. Barber, 53, also of Beecher, have pleaded guilty to federal charges for fraudulently creating false reports that made...

Read the whole entry »

      


Husband and Wife Sent to Prison for Running Debt-Relief Scheme

Mortgage Fraud Blog.

John Lee Norris, 43, and Julie Tina Hatcher, 39, both of Kansas City, Missouri, owners and operators of a firm that promised to help financially-strapped homeowners and clients...

Read the whole entry »

      


Three Perpetrators of $49.6 Million Mortgage Fraud Scheme Sentenced

Mortgage Fraud Blog.

Mae Rabuffo, 75, New York, Raymond E. “Ray” Olivier, 53, Land O’ Lakes, Florida, and Curtis Allen Davis, 52, Tampa, Florida, the final three individuals involved in the...

Read the whole entry »

      


Fraudster Sent to Prison for Making False Statements to Bank

Mortgage Fraud Blog.

Christian Peterson, 45, Madison, Wisconsin, was sentenced by U.S. District Court Judge Barbara B. Crabb to seven years in federal prison following his convictions for bank fraud,...

Read the whole entry »

      


Man Charged with Running Advanced Fee Loan Scheme

Mortgage Fraud Blog.

Octavio Lombardo, a/k/a Otto Lombardo, 67, was arrested on wire fraud charges stemming from his advance fee loan scheme, which allegedly defrauded victims of more than $1...

Read the whole entry »

      


Husband and Wife Sent to Prison for Mortgage Fraud

Mortgage Fraud Blog.

Derrick Phelps, 46, Katy, Texas, and his wife, Cynthia Phelps, 44, who owned two mortgage service businesses in Henderson, Nevada, have been sentenced to prison for their roles...

Read the whole entry »

      


Escrow Agent Sentenced for Investment Scheme

Mortgage Fraud Blog.

Stephen J. Cormier, 42, Nokomis, Florida, the sole owner of a title insurance company, was sentenced by Senior U.S. District Judge Susan C. Bucklew to three years and five...

Read the whole entry »

      


Real Estate Investor Agrees to Plead Guilty to Bid Rigging

Mortgage Fraud Blog.

Garry Wan, Concord, California, a Northern California real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public...

Read the whole entry »

      


Physician-Businessman Sentenced to 108 Months for Mortgage Loan Fraud

Mortgage Fraud Blog.

Irfan M. Jameel, 52, Virginia Beach, Virginia, was sentenced to 108 months in prison, followed by five years of supervised release, for committing wire fraud, bank fraud, and...

Read the whole entry »

      


Mortgage Fraud Promoter Pleads Guilty

Mortgage Fraud Blog.

John Wayne Perry, Jr., 33, Charlotte, North Carolina, pleaded guilty on Monday, December 1, 2014, for his role as a promoter in a $75 million mortgage fraud racketeering...

Read the whole entry »

      


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David Saks



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Comment balloon 0 commentsDavid Saks • December 10 2014 10:42PM
Mortgage Fraud Blog for December 11, 2014
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Mortgage Fraud Blog sends me an update email once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www. mortgagefraudblog. com .. more
Bank Officials Plead Guilty To Concealing Loan Delinquencies
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Two Former Will County Bank Officials Plead Guilty To Concealing Loan Delinquencies of Two Customers U. S. Attorney’s Office December 08, 2014 Northern District of Illinois (312) 353-5300 … more
SENATE CONFIRMS COLORETTI AS HUD’S DEPUTY SECRETARY
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HUD NEWS U. S. Department of Housing and Urban Development – Julián Castro, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 14-149 … more
Retirees - Take Required Retirement Plan Distributions by Dec. 31
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Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31 IRS YouTube Videos: Required Withdrawals from Your IRA: English | Spanish | ASL Podcasts: Required Withdrawals from Your IRA: English | Spanish IR-2014… more
HUD & VA TEAM UP TO HELP 2, 000 HOMELESS VETERANS FIND PERMANENT…
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HUD NEWS U. S. Department of Housing and Urban Development – Julián Castro, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 14-151 … more
Real Estate Practice : Lesson 3855
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A man borrows 100 thousand dollars at 5% per annum. What is the amount he will repay in nine months A. $103, 750 dollars Multiply 100k times the annual interest rate of 5% or 05 and we get 5000 dollars. Let's… more
Real Estate Practice : Lesson 3854
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A buyer has an opportunity to purchase a lot for 10, 000 dollars and a guaranteed within a year for 12, 000 dollars. He also has an opportunity to lend 10, 000 dollars to an individual who will repay the loan within a year at 10% interest… more
Real Estate Practice : Lesson 3853
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The taxes on a home were $1260 and were due on January first and to be paid by the owner. How much of a credit would the owner get if he sold his home and the taxes were prorated from September 15th Answers are below the… more
Real Estate Practice : Lesson 3852
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A salesman brings in a listing on a 500 thousand dollar home and will receive 15% of the total 5% commission from the sale of the home. If another salesman is involved in the sale and sells the house and the 15% is deducted from his… more
Real Estate Practice : Lesson 3851
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A property manager receives half of the first month's rent when he leases an apartment and an additional 5% of each month's rent thereafter for collecting the rent of 850 dollars a month. How much is his total commission after 18 months… more