Low Rate Mortgage Fraud

mortgage fraud

I was on a buy to own contract, found out after paying rent, down payment to purchase, the house went into foreclosure on the owner which was 2 years after we went into the agreement. Record now shows that the landlord had nothing to do with the house, not the owner, not on the deed & never filed our agreement at the courts. The previous owner on the deed is MIA, along with the “landlord”… I filed a complaint of Fraud, as everything we went through is a prime example of the Scheme that the FBI has been working on. Our problem, the house was foreclosed upon, and the bank that is involved in the scam is trying to evict us…they were cooperative until they found out we knew the scam was taking place. We have lots of time & money in this place, plus still wanting to purchase it! During a fraud, or scam investigation, although it has been foreclosed upon, can the scammer bank still proceed to have us evicted? Who gets the house if it’s a proven scam? The scam bank? the government? who?

Sell and Rent Back
Categories : homeowner loan
Comments (1)
mortgage fraud

If an unlic loan officer requested an appraisel is it still a valid appraisal.
Does anyone no where I can find this info online?

this unlic loan officer has a ceist and desist order to not practice in the state of georgia

Real Estate Professionals

Categories : homeowner loan
Comments (2)
mortgage fraud

does anyone have any reviews about Professional Mortgage Source LLC? i got a letter from them for a chance to do a streamline refinance for a lower rate. but i know that now a lot of company are taking the new lower rates for fraudulent use. so are they secure or just trying to make money. anyone used them or know about them. please help

Quick House Sale
Categories : homeowner loan
Comments (2)
mortgage fraud

on investment property?

Rent Back Fast
Categories : homeowner loan
Comments (2)
mortgage fraud

In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks.

Sell and Rent Back
Categories : homeowner loan
Comments (4)
mortgage fraud

basically Team McCann lied when they insisted weeks ago that the fund WOULD NOT be used for personal expenses and living costs

I am having to re post it as it seems the Pro McCanns could not produce an adequate answer, so they turned to reporting it.

Passive Income

Categories : homeowner loan
Comments (26)
mortgage fraud

If a landlord enters into a lease without permission from his mortgage company is this breach of contract or fraud?

A scenario where a landlord signs a lease with a tenant 3 months before move in and 1st months and security are paid. On move in day (today) I’m being told he can’t rent the place because he never got permission from his mortgage company to make his primary residence a rental unit and apparently they won’t allow it. This would make me think since he never had permission to rent and enter a lease he committed fraud and the lease was void from the get go or would you still consider it a breach notifying your tenant on move in day that he can’t move in and he will have to breach for the reason mentioned. Naturally my lease states to amend the lease there must be 30 days… he has given me notice this morning (move-in day) that he will have to void do to the fact if he does let me live in without permission from his mortgage company he could lose his house.

Would you argue fraud or breach of contract in this sitution if he never had any apporval from his mortgage company to make his primary residence a rental unit? He had 3 months to figure this out and didn’t do anything and tells me on the day I’m moving in that I can’t. Mainly I’m concered with getting the differential in my new 1yr lease I will have to find and it’s going to cost me a lot more money I had a good deal in place. Regardless of fraud or breach am I still entitled to the differential in living for for the 1yr breached lease with the new one?

What are the differences between fraud and breach of contract damage wise and law wise?
Also I’m in New Jersey where there’s strong tenant rights in place as opposed to other states.
Also the lease is very basic he was irresonsible in that regard of covering his end with a detailed lease. There is no legal out for him in the lease if anything the basic lease is screwing him worse.
Apparently to make your primary residence a rental unit there’s certain requirements… requirements which he’s not in compliance with so they won’t allow it. All of this information could have been obtained in the 3months I had my lease in place rather he sends me an email on move in day (today) saying he has to void the lease… if there even ever was a legal lease in place.
Playing devlis advocate….

How could it be a breach if legally he couldn’t even enter into a contract without their permission? Wouldn’t that void the lease leaving my only option for recourse fraud?
Wouldn’t the lack of the mortgage companies apporval automatically void the lease? How is it still binding if he legally could never enter and sign a lease?
There is going to be a massive financial differential in my new lease. For this reason would it be better to contact an attorney as opposed to take this to small claims court? Understand my landlord has given me no notice regarding this breach he’s told me today in writing on move in day… basically it’s not possible to screw a tenant any harder then waiting until moving day to breach a lease. I think the judge will see how irresonsible he acted and award the differential between the breached lease and my new lease. My breached lease was for 600 a month utilities included for a 2br 2bath. Even for a 1 br it’s minimally 900 a month plus utlilites… maybe he would have an out if he didnt’ give me notice same day as move in but he did.
It appears if there were every a situtation where a landlord has to pay the rent differntial with the new lease this scenario would be the definition… landlord tells tenant on move in day giving no notice of the breach putting him on the streets… I can’t think of a more sob sitution.
There was not even 1 day notice of this… this is all coming as a surprise on move in day.

Quick Property Sale

Categories : homeowner loan
Comments (3)
Nov
10

Who do I contact about mortgage fraud?

Posted by: | Comments (4)
mortgage fraud

I have seen on the news they had a crack down on mortgage fraud. Who would I contact about it.

Quick House Sale
Categories : homeowner loan
Comments (4)
mortgage fraud

I recently had an offer to enter into a business partnership with someone. He wants to buy residential houses and sell them, I have good credit so I would buy the house in my name. He says he has buyers waiting to buy so that they can use them as rentals. I found out that he would pay them 10k or for buying the house. I asked an attorney about this & he said to pay a buyer for buying the house is illegal so I refused to enter into a partnership with him. The thing is I have bought one of my own houses, I sold it to him subject to the mortgage which means he legally owns the property but the mortgage is still in my name. If he sells the property to someone & pays a buyer which is basically commiting lender fraud and illegal according to the attorney. Do I have any liability in this transaction since my name is on the mortgage?

Passive Income
Categories : homeowner loan
Comments (2)
Aug
27

Mortgage scam/Bank fraud?

Posted by: | Comments (9)
mortgage fraud

The daughter of a dear friend of mine has gotten herself in some pretty deep trouble and claims innocence. See link.
Is it possible that anyone involved in this may not have known what was going on?
http://www.mortgagefraudblog.com/index.php/weblog/comments/2714/

Quick House Sale
Categories : homeowner loan
Comments (9)

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