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  • 11/2/2009 In the News 6:00 AM

    Loan mod vengeance

    Two homeowners decided to seek their own brand of justice against their loan modification officer.
    Two Los Angeles homeowners may get jail time for their fury over a failed home-loan modification. (Photo: iStockphoto)
     

    It's been awhile since I've hung out in the real estate crime beat, but here we are again. I ran across this story recently about a couple in Los Angeles arrested on charges that they tortured two purported loan modification agents that they suspected of ripping them off. According to Reuters, Daniel Weston and Mary Ann Parmelee owned a house together that was in foreclosure. They had tried to get a loan modification, had been frustrated with the lack of results, and wanted their money back …Full Story

    Read More on: mortgages, foreclosure, fraud

    0 Comments    Add yours  |  
  • 9/21/2009 In the News 12:00 PM

    Parties at bank-owned home

    Pouring the bubbly while the home is bank-owned. Photo by iStockphoto.com
    Some bankers are getting "bubbly" about foreclosures. (Photo: iStockphoto.com)

     

    File this story under "bankers we hate."

    If you’re reading this, there’s a good chance you can identify at least one house in your neighborhood that has gone into foreclosure. You know the signs: The weeds, the disrepair, the bright stickers on windows shrieking that the home is now bank-owned …Full Story

    Read More on: bank-owned, foreclosure, vacation home, REO, fraud, Cyberhomes, real estate bubble

    2 Comments    Add yours  |  
  • 8/18/2009 Cyberhomes Tips 7:00 AM

    Nigerian rental scams on the rise
    Nigerian scammers, claiming to be out of the country doing missionary work, are trying to rent your home listing. (Photo: iStockphoto.)
    Nigerian scammers are posting fake rentals for landlords they say are doing missionary work abroad. (Photo: iStockphoto.)
     

    Nigerian money scams: They aren’t just for fake deposed royalty anymore.

    Now, apparently, they're for fake bad landlords, too. And they’re working through that great clearinghouse of “sensual massages” and missed connections—Craigslist, without Craigslist's knowledge, of course …Full Story

    Read More on: affordability, home sales, fraud, renting, Cyberhomes

    4 Comments    Add yours  |  
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Articles may not be used or reproduced in any manner, in part or in whole, without written permission of LPS Real Estate Group. Use of articles without permission is a violation of federal copyright law.
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