Low Rate Loans » Mortgage Fraud

Is there any way of recieving a “finders fee” or compensation for mortgage fraud tips?

admin — Thu, 20 Oct 2011 20:30:13 +0000

I’ve come across a heafty amount of information regarding mortgage fraud. I don’t want to throw anyone under the bus, but, there are a few jerks that I wouldn’t mind being compensated for extending their fraudulent practices over to the right people.

Repossession

Is professional mortgage source company a 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...
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How to prevent identity fraud when someone has your mortgage application information? I got a letter from my mortgage company saying that an employee “may” have sold the information off my application. They have fired the person, but the deed is already...

Is it mortgage fraud?

admin — Wed, 21 Sep 2011 14:47:14 +0000

I knew someone with a $300k house, $275k mortgage….not yet in trouble with mortgage. He goes out to buy an investment property..rents it out for a few months….starts to default on his OWN mortgage….moves to the investment home…and bank forecloses on his first home. His mortgage was wiped clean…..and he’s living comfortably in “investment” home..less a lower mortgage payment.

Is that fair?

Rent Back

Shocker: Mortgage Fraud Is Rampant? U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on...
Occupancy Mortgage fraud question? Okay I did a google search and found out that occupancy fraud is the number one mortgage fraud according to a study they did. Now what are the chances of...
Is professional mortgage source company a 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...

what makes lenders report suspected mortgage fraud?

admin — Wed, 31 Aug 2011 09:52:02 +0000

what would make the lenders suspect mortgage fraud

Repossession

Is it mortgage fraud? I knew someone with a $300k house, $275k mortgage….not yet in trouble with mortgage. He goes out to buy an investment property..rents it out for a few months….starts to default...
Occupancy Mortgage fraud question? Okay I did a google search and found out that occupancy fraud is the number one mortgage fraud according to a study they did. Now what are the chances of...
Is professional mortgage source company a 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...

mortgage fraud, un lic loan officer and appraisal validity?

admin — Wed, 03 Aug 2011 04:04:37 +0000

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

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If I am a victim of mortgage (loan) fraud? I believe that I am a victim of mortgage fraud and total loss is about $500,000.00 I already contacted FBI and also hired private attorney to file a lawsuit against...
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Occupancy Mortgage fraud question?

admin — Thu, 28 Jul 2011 01:34:12 +0000

Okay I did a google search and found out that occupancy fraud is the number one mortgage fraud according to a study they did. Now what are the chances of getting caught? I think they are slim although I know you might say “I wouldn’t risk it”. I am 20 yrs old i bought a duplex and it’s too expensive to live there so I just rent it out. If they were do find out how would they find out? Bills are on someone else’s name, no mail goes there, all the mortgage mail goes to my e-mail no paper. I don’t want to hear how dumb I am on the fraud or whatever, it’s just not an option. How can they possibly find out? What are the chances? If you really want comments/suggestions are welcome. Thank You in advance =)

Rent Back

Is it mortgage fraud? I knew someone with a $300k house, $275k mortgage….not yet in trouble with mortgage. He goes out to buy an investment property..rents it out for a few months….starts to default...
Realtor/Mortgage lender fraud? PLEASE HELP? I had a very bad experience with the mortgage lender and realtor. I believe I got screwed on my house. I’m young, and they knew it. I want to post...
How much money do you need to have stolen from you for it to be considered Mortgage Fraud on a federal level? I was defrauded in total $33,000 in about a 14 month span. I did everything right and the guy pocketed all of my money and now my house is being...

Is professional mortgage source company a fraud?

admin — Wed, 27 Jul 2011 01:15:35 +0000

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

How to prevent identity fraud when someone has your mortgage application information? I got a letter from my mortgage company saying that an employee “may” have sold the information off my application. They have fired the person, but the deed is already...
Is there any way of recieving a “finders fee” or compensation for mortgage fraud tips? I’ve come across a heafty amount of information regarding mortgage fraud. I don’t want to throw anyone under the bus, but, there are a few jerks that I wouldn’t mind...
Is it mortgage fraud? I knew someone with a $300k house, $275k mortgage….not yet in trouble with mortgage. He goes out to buy an investment property..rents it out for a few months….starts to default...

Realtor/Mortgage lender fraud? PLEASE HELP?

admin — Mon, 30 May 2011 18:53:56 +0000

I had a very bad experience with the mortgage lender and realtor. I believe I got screwed on my house. I’m young, and they knew it. I want to post my story but its too long. Anyways, this has been eating me up for so long, and now i’m ready to take action. Does anybody know of any resources where I can look up illegal/legal lender/realtor practices in TEXAS. I don’t need the code of ethics. I need solid law. I’m about to lose my house and this gave me enough courage to move forward. I’ve googled and looked at so many places and can’t find anything. Please help. I have no money or time for legal consultation right now. I’m very depressed. I work 2 ft jobs, have a baby, and cant pay my bills anymore. Please help me!!!

Rent Back Fast

If I am a victim of mortgage (loan) fraud? I believe that I am a victim of mortgage fraud and total loss is about $500,000.00 I already contacted FBI and also hired private attorney to file a lawsuit against...
How much money do you need to have stolen from you for it to be considered Mortgage Fraud on a federal level? I was defrauded in total $33,000 in about a 14 month span. I did everything right and the guy pocketed all of my money and now my house is being...
Is professional mortgage source company a 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...

Purchased with owner occupied mortgage – can it be rented in the future?

admin — Wed, 06 Apr 2011 10:59:16 +0000

If a buyer buys a property, puts 10% down, gains the advantages of an owner occupied mortgage as opposed to an investor mortgage, lives in it for 6 months, 1 year, or 2 years then buys a nicer home. Does the buyer need to worry about mortgage fraud for only occupying the 1st property for 6 months? or 2 years? before essentially turning the 1st property into a rental property?

Passive Income

Is this Mortgage Fraud? A friend of mine is married but has not seen her husband in 4 years. He now lives in another county with his girlfriend. She just found out that he...
Shocker: Mortgage Fraud Is Rampant? U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on...
Is it mortgage fraud? I knew someone with a $300k house, $275k mortgage….not yet in trouble with mortgage. He goes out to buy an investment property..rents it out for a few months….starts to default...

Looking for an organization that deals with victims of mortgage/appraisal fraud?

admin — Thu, 02 Dec 2010 01:39:12 +0000

This took place in Florida and the property was fraudently appraised higher to sell and later was found out but the lender does not want to back up the buyer. With the exception of having to pay big bucks to an attorney to sue, wanted to check for any organization that may deal with this type of illegal fraudulent act.

Repossession

mortgage fraud, un lic loan officer and appraisal validity? 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...
Is this Mortgage Fraud? A friend of mine is married but has not seen her husband in 4 years. He now lives in another county with his girlfriend. She just found out that he...
Is there any way of recieving a “finders fee” or compensation for mortgage fraud tips? I’ve come across a heafty amount of information regarding mortgage fraud. I don’t want to throw anyone under the bus, but, there are a few jerks that I wouldn’t mind...

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

admin — Mon, 15 Nov 2010 21:09:11 +0000

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

Is professional mortgage source company a 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...
Realtor/Mortgage lender fraud? PLEASE HELP? I had a very bad experience with the mortgage lender and realtor. I believe I got screwed on my house. I’m young, and they knew it. I want to post...
do you think most creditors and mortgage companies commit fraud to get more $$ for their bottom line? Im sure most of you will say yes, but has anyone actually worked for one of these outfits and do you think they commit fraud on customers to make more...