The Home Equity Theft Reporter: Florida Bar Expresses Concern About Increases In Title Closing Attorney Involvement In Mortgage Fraud
Mortgage fraud doesn't just nab unsuspecting homeowners. Lawyers can get caught in the web, too. Such was the case of one veteran real estate lawyer in Florida. the lawyer himself has a much simpler explanation for his involvement:.. few people get their homes back and they lose the equity in them,
Indeed, the Web site [The] home equity theft reporter awarded the judge its Restore Integrity Award for "his appropriately strict scrutiny of foreclosure cases before him." In fact, the Restore Integrity Award is an award given by the grassroots good government and legal reform advocate known as POPULAR ( Power Over Poverty Under Laws of.
According to the charging documents, the defendants were involved in. settlement fraud, also known as escrow or closing fraud, doesn't occur very. " Less than one half of 1% of all real estate transactions involve any type of fraud.. that 15% of the $4 billion lost by lenders to mortgage fraud last year.
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Home Equity Theft Reporter: Whoever buys a property at the foreclosure auction – an investor or the bank – has to wait eight business days before taking possession of the property. That period allows the bank to discover mistakes and lien holders an opportunity to buy the property even if it already has been sold to an investor.
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You all know we’ve had our issues with the Miami Herald in the past (check here, here, here, here and here, not to mention the Herald’s censoring of comments on high profile articles) so it comes to no surprise to me that the defense attorneys representing the Plantation cops in the federal mortgage fraud trial have had issues with the way the Herald has been reporting on the case and the.
Knowing you have equity in your home, mortgage lenders and mortgage. and then when you show up at the loan closing, the interest rate is higher or the.. to someone you can trust, such as a knowledgeable family member or attorney.. If your loan is an adjustable rate loan, you must plan for your payment to increase.
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