Hat tip to Booty Juice! From calcoastnews.com: Timothy William Barnes, 37, pleaded guilty Monday to committing bank fraud. Barnes, a San Francisco resident, owned and operated Apex Properties Real Estate Brokerage in San Luis Obispo. Barnes is accused of...
The Wolf of Ramona! From Channel 6: SAN DIEGO - A Ramona real estate agent who admitted taking part in an investment and mortgage fraud scheme that generated tens of millions of dollars in phony loans and illegal kickbacks was sentenced Friday to serve 15 months in...
My contribution to a big article on pocket listings in the OC Register: http://www.ocregister.com/articles/mls-529529-pocket-home.html Other agents say pocket listings are never a good idea. If being on the open market is good enough for Kobe Bryant, arguably the...
This is a typical bank form that all parties are required to sign in order to close a short sale: BofA short-sale addendum-broker cert The form requires that the deal is an arm's length transaction - and now we have some enforcement, at least in Nevada: A Henderson...
SAN DIEGO - Mark Ramirez said he hired the Georggin Law Firm to help repair his credit after he sold his home through a short sale. "It was my first home. So you know I did work hard for that and unfortunately I lost it and I trusted these individuals to help me out...
Hat tip to daytrip for sending this in from www.wfaa.com: PLANO -- Jeff Nunn and Melissa Nunn still can't quite understand what's happened to the home they worked so hard to build nine years ago. "It's awful, awful," Melissa said in her driveway Thursday afternoon....
This is the second time someone has taken my photos and placed rental ads hoping to dupe tenant prospects into sending $1,000 by FedEx with the promise of sending keys later.
Remember this from September? The use of third parties to help Fannie Mae sell its REO properties is coming to an end. Fannie Mae notified remaining vendors that the government-sponsored enterprise will transition all REO sales work completely to Fannie Mae's in-house...
These are the short-sale scams mentioned in yesterday's comments that deserve their own post as a resource for people to use to protect themselves. If you have seen other tricks, include them in the comments so we stay aware! The most common packages: 1. The listing...
This is a big one......watch out! REDDING, Calif. -- A man accused of cheating North Coast residents out of hundreds of millions of dollars in what prosecutors characterized as one of the largest real estate Ponzi schemes in California history has been convicted by a...
