Mortgage Fraud Daily News Update ⋅ May 7, 2021

 
     
 

12 arrested in California for alleged mortgage ‘conspiracy ring’

National Mortgage News

The indictment accuses the defendants of conspiring in grand theft, identity theft, forgery, filing false documents, money laundering and aggravated …

     
 
 

LAPD Announces Arrests for a $15 Million Mortgage Fraud and Green Loan Scheme in Southern …

Random Lengths

… 12 individuals on 133 felony counts for allegedly operating a sophisticated mortgage fraud and green loan scheme throughout Southern California.

     
 
 

Insurer Gets $41M Trial Delayed Over Forged Ship Loan Doc

Law360

“They found themselves in a desperate situation where a fraudulent mortgage had been deployed against them to detain their vessel and they …

     
 
 

Sterling Bancorp is moving past its mortgage woes

American Banker

The $3.7 billion-asset company, which has been dealing with fallout from alleged fraud in what once was its biggest business line, earned $2.3 million …

     
 
 

Man Pleads Guilty to Applying for a Paycheck Protection Program Loan under False Pretenses

Department of Justice

“Stopping COVID-related fraud continues to be a priority for the Department of Justice … and Victor Régal who make up my Coronavirus Anti-Fraud Team. … to retain workers and maintain payroll or make mortgage interest payments, …

     
 
 

After Hours: Pashman Stein; Norris McLaughlin

Law.com

O’Connor defends allegations of securities fraud, insurance fraud, health care fraud, tax evasion, bank and mortgage fraud, and public corruption, …

     
 
 

Former Cuban political prisoner ordered to pay $100000 bond to avoid eviction

Miami Herald

The bond money would be used to pay mortgage carrying costs, taxes, … “It would be an abuse of discretion to allow this eviction by a fraudulent …

     
 
 

Disciplined Attorney Reinstated in Federal Courts; Claims State Has Discriminated

Law.com

Miller pointed to attorney Lawrence Dressler, who was sentenced to 20 months in prison in 2014 for mortgage fraud. The Standing Committee on …

     
 
 

State and Federal Authorities Challenge Wide Range of Insurance Frauds

Law.com

… District of New York recently charged Robert and Todd Morgan with insurance fraud related to an allegedly wide-ranging mortgage scheme.

     
 
 

FHFA Seeks Input on Short-Term Rental Unit Mortgages

DSNews.com

… How should sellers prevent and detect occupancy fraud on mortgages for project units that are used for vacation or short-term rentals (e.g., borrower …

     
 
 

You could win $12000 to help pay your mortgage!

KTLA

KTLA 5 Pay Your Mortgage Sweepstakes May 2021 … by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any …

     
 
 

Fraud-Prevention Startup Riskified Explores 2021 IPO

Yahoo Finance

A year into the pandemic, some homeowners say loan servicers aren’t giving them clear information about mortgage forbearance. 1d ago. Fortune. Don’t …

     
 
 

Federal Agricultural Mortgage Corp. to Host Earnings Call

Yahoo Finance

… NY / ACCESSWIRE / May 6, 2021 / Federal Agricultural Mortgage Corp. … Shah has emerged as a key figure in a scandal over alleged tax fraud that …

     
 
 

PennyMac Mortgage Investment Trust Reports First Quarter 2021 Results

Business Wire

PennyMac Mortgage Investment Trust Reports First Quarter 2021 Results … BUSINESS WIRE)–PennyMac Mortgage Investment Trust (NYSE: PMT) … the Company’s ability to detect misconduct and fraud; the Company’s ability to …

     
 
 

Best Options For Mortgage Lending // The Home Loan Arranger

Yahoo News

There’s no evidence of Arizona or elsewhere of widespread voter fraud or other malfeasance. I followed up by asking Johnson if he would accept Biden …

     
 
 

Former Obama administration official arrested on charges of charter school embezzlement

WSWS

Accusations include one count each of wire fraud, money laundering and making a false statement to a bank. Through his lawyer, Andrew has …

     
 
 

Ex-Obama aide charged with embezzling from Democracy Prep Public Schools

NJ TODAY

Andrew was arrested and charged with wire fraud, money laundering, and making false … Schools in order to receive a lower mortgage rate for a multimillion dollar Manhattan apartment which he and his wife bought in August 2019.

     
 
  WEB  
 

Property Fraud Alert Memo

Galveston County

According to the FBI Uniform Crime Report, Property and Mortgage Fraud is the fastest growing white-collar crime; with over 1,505,823 suspicious …

     
 
 

12 indicted in alleged Southern California ‘green’ loan and mortgage fraud scheme – Usa News Post

Usa News Post

LOS ANGELES — A dozen people have been indicted in connection with an alleged mortgage fraud and “green” loan scheme that operated …

     
 
 

Trend Mortgage Fraud (Page 1) – Line.17QQ.com

LINE – 17QQ

Mortgage fraud at highest level in seven years: Report · graph 1 Auto Lending Fraud · Fraud Will Rise Again (And 10 Other Predictions for 2019) · Auto …

     
 

 

 

     
 

Foreclosure News Daily Update ⋅ May 7, 2021

 
     
 

King & Corbin Assists Homeowners With ‘Foreclosure Relief Program’

National Mortgage Professional Magazine

Although the federal government has placed a moratorium on foreclosures due to the COVID-19 pandemic, homeowners are strongly encouraged to …

     
 
 

Understanding Real Estate Foreclosures: Costs, Timelines And Steps You Can Take

Forbes

A foreclosure occurs when a mortgage obligation cannot be financially fulfilled and the lender files a lawsuit against the property owner. The process …

     
 
 

Foreclosure and Eviction Moratorium End in Sight, What Next?

RisMedia.com

At the time, the government agency proposed a set of rule changes aimed at helping prevent avoidable foreclosures as federal foreclosure protections …

Foreclosure moratorium extended – WV News

Full Coverage

     
 
 

Wayne County wants to exempt occupied properties from foreclosure

Detroit Free Press

He said the COVID-19 pandemic has made it too difficult for the public to access his office to get help and that many other owners facing foreclosure …

     
 
 

Grandmother’s foreclosed home tests new California law

Marketplace.org

So in March, Foreman went to the foreclosure auction for the house she lives in. The winning bid was $600,000; Foreman said it was much more than …

     
 
 

Facing foreclosure, Patrick Daley Thompson turned to clout’s piggy bank

Chicago Sun-Times

It hadn’t foreclosed on him when he failed to pay off a balloon note on the two-flat that was due in March 2011. The old …

     
 
 

New York Extends the Moratorium on COVID-related Commercial Residential Evictions and …

JD Supra

Commercial Foreclosure Proceedings. The Act also allows mortgagors meeting certain conditions to file a hardship declaration with their mortgage …

     
 
 

Shopping center near West Palm Beach targeted in $30M foreclosure

South Florida Business Journal

Wilmington Trust, on behalf of a commercial mortgage-backed securities (CMBS) trust, filed a foreclosure complaint April 30 against Cross County …

     
 
 

NoMad Hotel heads back to the auction block

The Real Deal

Billionaire investor Ron Burkle and hotelier Andrew Zobler are facing a foreclosure on their equity in the trendy hotel at 1170 Broadway, according to a …

     
 
 

NOTICE OF FORECLOSURE SALE UNDER POWER DOUGHERTY COUNTY, GEORGIA

The Albany Herald

NOTICE OF FORECLOSURE SALE UNDER POWER DOUGHERTY COUNTY, GEORGIA Under and by virtue of the Power of Sale contained in a …

     
 
 

Punishment Pending For Foreclosure Attorney Over Comments About South Florida Judiciary

Law.com

Bruce Jacobs, Jacobs Legal. Photo: J. Albert Diaz/ALM. Just days after a judge found a South Florida foreclosure attorney broke ethical rules by …

     
 
 

Greenspoon Marder LLP Financial Services Client Alert: State of New York Update

Lexology

Residential Foreclosures: Where an owner/mortgagor submits a Hardship Declaration, a new foreclosure proceeding cannot be initiated until at least …

     
 
 

Parkville-Overlea, MD

Patch.com

4 Ways To Avoid Foreclosure. If foreclosure is looming over you like a black cloud on a sunny day, don’t ignore the …

     
 
 

What Wayne County can do to help homeowners clear tax debt | Opinion

Detroit Free Press

But the tax foreclosure auction rolled on, until COVID-19 forced a halt, and drew a sharp line under risks of putting more Detroiters out of their home amid …

     
 
 

Covid forced more borrowers to be late on their mortgages than at any time since the Great …

Washington Post

Coronavirus-related foreclosure prevention by the federal government has helped mitigate another mortgage crisis. Starting with the Coronavirus Aid, …

     
 
 

Del. Bill Addresses Looming Foreclosure Risk

WGMD Radio

Del. Bill Addresses Looming Foreclosure Risk … Tenants who are facing the greatest financial hardship could receive free legal counsel. Also, a diversion …

     
 
 

This Wicker Park ‘dibs’ lawsuit has nothing to do with shoveling

Crain’s Chicago Business

Just a week before the April 2018 foreclosure sale of the second-floor unit, the building’s homeowners agreed to write into the association’s legal …

     
 
 

Notice of Sale Under Power Georgia, Dougherty County Under and

The Albany Herald

… other foreclosure documents may not be provided until final confirmation and audit of the status of the loan as provided in the preceding paragraph.

     
 
 

NOTICE OF SALE UNDER POWER GEORGIA, DOUGHERTY COUNTY CHARLES JERROD …

The Albany Herald

MIHIRKUMAR PATEL, is the secured creditor under the security deed or deed to secure debt and loan being foreclosed. The following entity shall …

     
 
 

Columbiana County Common Pleas

The Review

County Treasurer vs. Eric Lee Davis, foreclosure sought for alleged delinquent taxes for property on Georgetown Road, Salem. County Treasurer vs.

     
 
 

Judge temporarily stays ruling in eviction moratorium case

Aljazeera.com

Nearly four million people in the US said they faced eviction or foreclosure in the next two months, according to the Census Bureau’s Household Pulse …

     
 
 

Former Cuban political prisoner ordered to pay $100000 bond to avoid eviction

Miami Herald

Attorney Jacobs is arguing that Rodriguez’s eviction and the foreclosure, which was brought by Bank of New York Mellon, are both illegal and fraudulent …

     
 
 

GEORGIA, DOUGHERTY COUNTY ADVERTISEMENT OF SALE UNDER POWER

The Albany Herald

… Albany, Georgia 31702 BY:LARRY B. OWENS To be Advertised: May 7, 14, 21, 28, 2021. Categories. Foreclosure. ×. Post a comment as. Emoticons.

     
 
 

NOTICE OF SALE UNDER POWER STATE OF GEORGIA COUNTY OF DOUGHERTY

The Albany Herald

20-004608 A-4731229 05/07/2021, 05/14/2021, 05/21/2021, 05/28/2021. Categories. Foreclosure. ×. Post a comment as. Emoticons. Comment Text.

     
 
 

How a little-known law left a Conway-area home in limbo

wpde.com

After the foreclosure, the US Housing and Urban Development Dept. had taken over the property and paid the taxes. That much was clear. Starting in …

     
 
 

Asset Recovery and Money Laundering Division

Department of Justice

… as foreclosure litigation in state and federal courts to protect the lien position of the United States on behalf of federal agencies and for crime victims.

     
 
 

Update: Federal Judge Dismisses Landlords’ Challenge to NY Eviction Law

Lexology

While the legislation also halts residential foreclosure proceedings and tax lien sales, the plaintiffs had hoped to enjoin enforcement of the Act’s …

     
 
 

Macomb County Not Foreclosing On Occupied Homes, Businesses

Patch.com

Macomb County Treasurer Lawrence Rocco is withholding all occupied homes and businesses from foreclosure during the pandemic.

     
 
 

Judge temporarily stays ruling in eviction moratorium case

KATV

Nearly 4 million people in the U.S. said they faced eviction or foreclosure in the next two months, according to the Census Bureau’s Household Pulse …

     
 
 

Altisource extends the term and expands its strategic service provider relationship with Ocwen

StreetInsider.com

The expanded suite of solutions includes the opportunity to provide field services, first and second chance foreclosure auctions, and title services on …

     
 
 

Human Services Acting Secretary Urges Pennsylvanians: Do Not Wait to Apply for Rental Assistance

Governor Tom Wolf

… than 30 percent of adults in Pennsylvania are behind on rent or mortgage payments and could face eviction or foreclosure in the next few months.

     
 
 

April Update: COVID-19 Mortgage Servicing Trends Report

JD Supra

The polling covers hot topics, including forbearances, deferrals, HUD loss mitigation programs, foreclosure moratoriums and other default issues, and …

     
 
 

Cleveland Mayor Frank Jackson reflects back on his 16 years in office

News 5 Cleveland

“We’ve navigated through the foreclosure crisis, the Great Recession, and we’re currently in a pandemic,” he said. He pointed to his investment in …

     
 
 

IN BRIEF: NY landlords sue to block latest eviction moratorium extension

Reuters.com

… injunction preventing them from enforcing the moratorium, codified by the COVID-19 Emergency Eviction and Foreclosure Prevention Act (CEEFPA).

     
 
 

Illinois App. Court (2nd Dist) Upholds Commercial Judgment Enforcement Against Two Officers of …

Lexology

Following the foreclosure, the trial court entered judgment against the guarantors. Thereafter, the plaintiff issued judgment enforcement proceedings …

     
 
 

Mashpee Commons takes right approach to create housing

Cape Cod Times

Six offers, endless battles with cash investors, living in a half-finished basement of a house under foreclosure — 2015 to 2017 was a dark time for me, …

     
 
 

Buttenschon seeks passage of legislation to aid landlords

Rome Sentinel

… eviction and foreclosure protections has created a great deal of hostility between tenants and landlords that is simply counterproductive,” she added.

     
 
 

3 Reasons Investment Purchases Fall Through (and How to Prevent It)

Motley Fool

Problems with the title. This is common with foreclosures, short sales, fix-and-flips, and other types of distressed property purchases. There may be liens …

     
 
 

Public Notices

Amityville Record

… as such allpersons must comply withsocial distancing, wearingmasks and screening practices in effect at the time ofthis foreclosure sale. Richard.

     
 
 

Rocket fund, city of Detroit give $2.2 million to new housing aid network

Crain’s Detroit Business

… property tax foreclosure prevention, home repair assistance and assistance to low-income households seeking to become homeowners. The city of …

     
 
 

Affordable Housing Crisis – Letter

CapeNews.net

Six offers, endless battles with cash investors, living in a half-finished basement of a house under foreclosure—2015 to 2017 was a dark time for …

     
 
 

Daily Decision Recap: Ninth Circuit Rules Against ‘Serial’ TCPA Litigant

ACA International

The consumer claimed foreclosure attorneys violated the Fair Debt Collection Practices Act and Washington Consumer Protection Act by attempting to …

     
 
 

Michigan extends mortgage relief program through end of 2021

WSYM-TV

Homeowners who contact their lender can receive a 90-day grace period or forbearance of mortgage payments, waived fees, protection from foreclosure …

     
 
 

US mortgage delinquencies 6.38% for the first quarter

ForexLive

Mortgage foreclosures came in at 0.54% versus 0.56% in the fourth quarter. In the first 1Q of 2020 the number stood at 0.73%; the share of loans on …

     
 
 

New Reports Detail Mortgage Borrowers’ Continuing COVID-19 Challenges

MyChesCo

The CFPB is seeking comments on a proposal intended to help prevent avoidable foreclosures for borrowers affected by the COVID-19 emergency.

CFPB’s First 100 Days Lay Foundation To Maximize Authority – Law360

Full Coverage

     
 
 

Detroit nonprofits to join forces to increase services for homeowners

Detroit Free Press

Services will include: mortgage and financial counseling, property tax foreclosure prevention, home repair help, utility assistance and assistance for …

     
 
 

Fitch Affirms JPMCC 2017-JP7

Fitch Ratings

… have discussed a loan modification, but an agreement could not be reached, so the servicer will be pursuing receivership and ultimately foreclosure.

     
 
 

Study: 5 best days of the year to sell your home occur in May

talkbusiness.net

California-based Attom Data Solutions, which tracks national housing and foreclosure data, examined 40.1 million home sales from 2011-2020 and …

     
 
 

When Will the Housing Market Crash? Experts Weigh In

MONEY

According to Odeta Kushi, deputy chief economist at First American, for every 1% in annual house price appreciation, there are 6,700 fewer foreclosures.

     
 
 

Fitch Downgrades Eight Classes of GSMS 2014-GC18

Fitch Ratings

The loan transferred to special servicing in July 2020 for payment default. According to servicer updates, a receiver was appointed and foreclosure is …

     
 
  WEB  
 

New York eviction and foreclosure moratoria update | Insights | DLA Piper Global Law Firm

DLA Piper

The Extension further extends the moratorium on foreclosures and evictions against qualifying New York commercial tenants and borrowers, which …

     
 
 

list of bank-owned foreclosed properties

TD Bank

     
 
 

Florida Appellate Court Dismisses Foreclosure Action after Servicer Fails to Prove Standing …

Westlaw

In February of 2011, Aurora filed a complaint for foreclosure, alleging that it was authorized to bring suit as servicer of Russell’s mortgage loan. Aurora …

     
 
 

Owner of South Fla. Shopping Center Faces Foreclosure – Commercial Real Estate Direct

Commercial Real Estate Direct

South Florida Business Journal The owner of the Cross County Plaza shopping center in West Palm Beach, Fla., has been hit with a foreclosure suit.

     
 
 

Lakeworth – Foreclosure: Listing Report

Florida’s Best Realty

Lakeworth – Foreclosure: Listing Report. No Matches Found. « 1 of 0; ». Real Estate IDX Powered by iHomefinder. Facebook Twitter Email Share.

     
 
 

FORECLOSURE SALE SEPTEMBER 11, 2019 WEDNESDAY 10:00 AM 18-073 112 QUINCY ST …

fremontco.com

FORECLOSURE SALE SEPTEMBER 11, 2019 WEDNESDAY 10:00 A.M.. 18-073 112 QUINCY ST., FLORENCE. 19-027 830 GREENWOOD AVE., …

     
 
 

Sheriff – Lake County, Indiana

Lake County Indiana

Sheriff. The Sheriff, as law enforcement officer, is responsible for crime prevention, patrol, traffic enforcement, criminal investigation, scientific evidence …

     
 
 

Bill H.2142 – Massachusetts Legislature

Massachusetts Legislature

An Act clarifying municipal authority regarding foreclosures. By Mr. Capano of Lynn, a petition (accompanied by bill, House, No. 2142) of Peter …

     
 
 

How to Stop Foreclosure Tickets, Wed, May 12, 2021 at 7:00 PM | Eventbrite

Eventbrite

Eventbrite – Adriana Bolivar presents How to Stop Foreclosure – Wednesday, May 12, 2021 at 8551 W Sunrise Blvd, Plantation, FL. Find event and …

     
 
 

BRINGING CLOSURE TO FORECLOSURE: FRESH START PLAYBOOK By Rebuildny.com **NEW …

eBay

If you are still facing foreclosure there’s reason to be hopeful. The purpose of this book is to provide relevant information, options and trusted solutions for …

     
 
 

Sheriff Sales Postponed Again in Philadelphia – Klehr Harrison Harvey Branzburg LLP

Klehr Harrison Harvey Branzburg LLP

On Saturday, April 29, 2021, the President Judge of the Court of Common Pleas of Philadelphia stayed all sheriff’s mortgage foreclosure and tax sales …

     
 
 

NOTICE OF MORTGAGE FORECLOSURE SALE | Truman Tribune

Truman Tribune

And that pursuant to the power of sale therein contained, said mortgage will be foreclosed and the tract of land lying and being in the County of Martin, …

     
 
 

Barham & Maucere LLC: Foreclosure/Litigation Paralegal | WayUp

WayUp

The firm handles foreclosure matters throughout the Midwest and in the Southeast. The firm’s attorneys actively litigate judicial foreclosure cases in …

     
 
 

Greenspoon Marder LLP Financial Services Client Alert: State of New York Update

Greenspoon Marder LLP

Residential Foreclosures: Where an owner/mortgagor submits a Hardship Declaration, a new foreclosure proceeding cannot be initiated until at least …

     
 
 

Auction, foreclosure, and enforcement procedures

Avoconseil

What your lawyer can do for you when it comes to foreclosure and auction … you are a creditor, debtor, or potential buyer of the foreclosed property.

     
 
 

Statewide Foreclosure Prevention Outreach Request & Materials – Seneca County, New York

Seneca County

Statewide Foreclosure Prevention Outreach Request & Materials. HomeNewsStatewide Foreclosure Prevention Outreach… Statewide Foreclosure …

     
 
 

Pre-foreclosure Appraisals | Raleigh, NC | Property Valuation Services of Clayton, Inc

Property Valuation Services of Clayton, Inc

Turn to Property Valuation Services of Clayton to obtain a short sale or foreclosure appraisal in Raleigh, NC. Receive a free estimate when you call …

     
 
 

Parkridge Land Foreclosures May 5th 7:45pm

Ginger Andrews

Search Parkridge land foreclosures for sale. … Locate Parkridge bank owned foreclosure homes, distress homes, Parkridge real estate statistics, …

     
 

 

 

For information on foreclosure defense call us at 800-459-1215. We offer litigation support, admissible evidence, expert witness testimony, education, training, and support in all 50 states to attorneys and pro se homeowners.

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