Hat tip to the three people who sent this in - from the ocregister: The Orange County Association of Realtors has filed a grievance against an Irvine real estate broker who writes a blog that takes critical looks at the housing crash, homebuyers and real estate...
Scams
Housing Tax Credit Fraud
From Ken Harney as seen in the latimes.com: Reporting from Washington: Can the Internal Revenue Service handle tax credit programs that pump out billions of dollars to homeowners and buyers? A new federal investigation on home energy tax credits suggests the answer...
Fraud in Plain Sight
From HW: Short sales increased rapidly over the last several quarters, but wherever there are home sales, there are home sales fraud. Sales of properties on the verge of foreclosure tripled over the last two years and will increase another 25% this year, according to...
Pines in Lockup
From the U-T: A Carlsbad attorney who made national headlines for telling clients to break into their foreclosed homes and retake possession was arrested Tuesday after a State Bar hearing on whether to revoke his license to practice law. Simi Valley police - who were...
“Wealth Building” Scam
Hat tip to daytrip for sending this along, from aol.com: A man who ran a defunct get-rich scheme agreed to settle a court order by paying the Federal Trade Commission $900,000 and surrendering the proceeds from the sale of his house and most of his personal property....
Mozilo Investigation Dropped
From the latimes.com: Federal prosecutors have shelved a criminal investigation of Angelo R. Mozilo after determining that his actions in the mortgage meltdown — which led to $67.5-million settlement against him — did not amount to criminal wrongdoing. As the former...
“Get Free Cheese” Program
From Alejandro Laso at the latimes.com: More than 100,000 struggling homeowners could get help from a $2-billion program that California is launching, including about 25,000 borrowers who owe more than their properties are worth and could see their mortgages shrink....
Crisp and Cole
This video syndicator is heavy on ads, sorry:
FBI Probes Bid Rigging
Hat tips to Jakob and Gene for sending this along from sfgate.com: Investigators look into whether there is collusion among real estate speculators involved in the courthouse sales. Foreclosure auctions take place every weekday on the steps of courthouses throughout...
Squatters Facing Three Years
Hat tip to AL for sending this along from the ocregister.com: NEWPORT BEACH – A husband and wife were arrested Thursday morning and face charges of illegally living in homes as squatters. Chris Wayne Duncan, 42, and Robin Ann Duncan, 36, both of Newport Beach, were...