From the Federal Reserve: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the...
Hat tip to RB Renter for sending this in, from the U-T: NORTH COUNTY — Sheriff’s deputies are trying to identify owners of thousand of dollars worth of stolen kitchen appliances and other items after two men suspected of burglarizing homes in Fallbrook were arrested...
I still see 1-3 of these per day, with no end in sight. Excerpts from this article at msn.com: Real-estate agent Lynne Wright thought she had found the perfect home for her clients. The quiet house on a cul-de-sac in one of the most prestigious gated communities in...
From sddt.com: There is one part of the real estate market that is booming: mortgage fraud. A new report issued this week from the Federal Bureau of Investigation finds the annual loss from devious activities in the mortgage market totals between $4 billion and $6...
From Mortgages Blog: Here in Florida, the Foreclosure State, we thought we'd already cataloged every genus responsible for this plague on all our houses, from the predatory lenders to the oblivious robosigners and rocket dockets to the no-mod-for-you bank Nazis. That...
Thanks to the several people who sent in this article, from CNNMoney.com: In this latest twist on short sale fraud, scammers have found a way to rip off mortgage lenders by tens of thousands of dollars -- sometimes in a matter of hours. The scam artists, usually real...
Hat tip to Kelly Bennett, who has been following this swindler's story - another going to jail! James McConville, the man at the center of our 2009 investigation into a massive real estate scam in San Diego County, is expected to appear in court next week and plead...
Hat tip to BM for sending this along - for more on this story, go to the victim's blog linked here.
On September 6, 2006, John Mattes received national attention when he was attacked by two people while investigating an alleged real estate scam. He was injured with cracked ribs, bite wounds and cuts to his face. The attacking scene was caught on tape by his...
From HW: Bank of America completed more short sales than it unloaded previously foreclosed homes every month for the last year and a half. In May, BofA completed roughly 9,000 short sales compared to 7,000 REO, said David Sunlin, the bank's real estate management...
