David Saks: Mortgage Fraud Blog for July 23, 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 July 23, 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...

Former Bank Employee Sentenced for Taking Bribes in Short Sale Scam

Man Jailed for Role in Timeshare Mortgage Fraud Conspiracy

Real Estate Developers Plead Guilty to Defrauding Lender

Former CEO Convicted of Obstructing Mortgage Fraud Investigation

Title Company Owner Sentenced for Stealing Escrow Funds

Fraudster Jailed for Lying to Timeshare Owners about Buyers, Closing Dates

Loan Mods, Short Sales, Deeds in Lieu and Workout Plans Outpace Foreclosure Sales

2 Largest Colorado Foreclosure Law Firms Sued for Fraud

Justice Department Outlines Approach to Residential Mortgage-Backed Securities Cases

Radio Show Host Admits Role in Straw Borrower Scam

Search Mortgage Fraud Blog | Mortgages and fraud and the law, oh my!
Former Bank Employee Sentenced for Taking Bribes in Short Sale Scam

Kevin Lauricella, 29, Thousand Oaks, California, a former Bank of America employee was sentenced to 30 months in federal prison for taking more than $1.2 million in bribes to approve artificially...

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Man Jailed for Role in Timeshare Mortgage Fraud Conspiracy

Eric Reilly, 34, Galloway, New Jersey, was sentenced to 36 months in prison and ordered to pay more than $3 million in restitution for conspiring to defraud owners of timeshare properties. The...

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Real Estate Developers Plead Guilty to Defrauding Lender

Franklin Thad Harris, 58, and Merlin D. Unruh, 53, both of Grand Junction, Colorado, pled guilty before U.S. District Court Judge Christine M. Arguello to money laundering for submitting false and...

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Former CEO Convicted of Obstructing Mortgage Fraud Investigation

Michael T. Rand, 52, Alpharetta, Georgia, was convicted of obstruction of justice, among other crimes, by a federal jury after a two week trial.  Trial evidence showed that after being notified of...

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Title Company Owner Sentenced for Stealing Escrow Funds

Karen Strasser Steinke, 65, Millstadt, Illinois, was sentenced to twenty-one months imprisonment followed by three years supervised release as a result of her convictions for Wire Fraud in a scheme...

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Fraudster Jailed for Lying to Timeshare Owners about Buyers, Closing Dates

Gregory Fusca, 46, Palm Beach Gardens, Florida, was sentenced to 170 months in prison, in connection with his operation of RC Innovations, Inc. (RCI), a fraudulent timeshare company located in Palm...

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Loan Mods, Short Sales, Deeds in Lieu and Workout Plans Outpace Foreclosure Sales

HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its May 2014 loan modification data. An estimated 37,000...

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2 Largest Colorado Foreclosure Law Firms Sued for Fraud

The Castle Law Group, its principals and affiliated foreclosure-related businesses, as well as Aronowitz & Mecklenburg, its principals and affiliated foreclosure-related businesses, are the...

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Justice Department Outlines Approach to Residential Mortgage-Backed Securities Cases

Associate Attorney General Tony West outlined the Justice Department’s approach to resolving the remaining cases related to Residential Mortgage-Backed Securities (RMBS) misconduct that contributed...

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Radio Show Host Admits Role in Straw Borrower Scam

Karl Oreste, 56, Miramar, Florida, pled guilty before U.S. District Judge Robert N. Scola, Jr., to one count of conspiracy to commit wire fraud affecting a financial institution, in violation of...

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David Saks



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Comment balloon 2 commentsDavid Saks • July 23 2014 12:47PM

Comments

David  you provide such valuable information .. I have seen so many people commit fraud and get away with it .It really makes me ill

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) over 5 years ago

It really hurts all of us.

AR needs to know this.

Thanks, Hannah.

Posted by David Saks ((retired)) over 5 years ago

This blog does not allow anonymous comments