Obama Administration Pressuring State Ag"€™s To Cave In To Banks By: Alf J Smith | -
President Obamas administration is putting pressure on New York Attorney General Eric T. Schneiderman to give into a deal with big banks that would block him from bringing future mortgage investigations, Grethchen Morgenson reports in The New York Times today.
For months, Schneiderman has said he will not agree to any nationwide agreement with banks that would block individual states from investigating the mortgage-servicing industry on their own. At one point Bank of America was ... Tags:Foreclosure, mortgage, fraud, Bank fraud, mortgage fraud, foreclosure fraud, Democrats, liberals
Mortgage And Real Estate Fraud By: Jennifer Obodo | - Pursuant to the real estate market crash of 2007, government officials and agencies across the nation have been facing enormous political pressure to bring to justice those responsible. While there were a great many lenders, real estate investors and mortgage brokers involved in deceptive practices, there are also homebuyers and investors who borrowed money to buy homes in good faith, but who have also been targeted by law enforcement agencies and prosecutors.
What Is "buy And Bail?" And Is It Legal? By: Jack Bosch | - I get all kinds of questions about real estate investing and I was recently asked about a phenomenon called "buy and bail." The person asking was in a real bind and wanted to know what she could do.
Let me describe the scenario: this person (we'll call her Cindy) is a single mom and had purchased a house in a decent neighborhood before the housing crisis. In the last couple of years, numerous foreclosures on her block have resulted in a gradual deteriorating of the quality of the ne ... Tags:buy and bail, what is buy and bail, mortgage fraud, real estate scams, real estate investing
Mortgage fraud has become one of the most rampant and fastest growing financial crimes in the country. As a result, federal and private companies have started to carry out various counter measures in order to minimize, if not completely eliminate, their chances of being victimized by mortgage fraudsters. With a couple of modifications, you should be able to use these measures to protect your finances as well, especially if you are planning ... Tags:loan mod scam, modification scam, mortgage fraud, mortgage scam
People are often surprised to know that mortgage fraud has climbed the ranks of the main threats that people face with regards to keeping their financial health in check. However, economic specialists claim that fraud cases of this kind have become too rampant that they are now considered to be big threats to the nation’s over-all economic state as well. In addition to the wide scale effect that this phenomenon has, this type of fra ... Tags:loan mod scam, modification scam, mortgage fraud, mortgage scam
Financial Integrity Foundation exists to help educate you and give you knowledge to fight back against consumer crime. Whether you have fallen victim to loan modification fraud, equity striping, real estate fraud or a number of other consumer crimes, Financial Integrity Foundation in Lakeville, MN. wants to educate you on your rights.
Robert Shumake: On Education By: Robert Shumake | - I seized the opportunity to play sports, and it taught me something I didnt expect. By learning to work hard and stay focused on my running regimen on the Edwin Denby High School track team, I also learned to stay focused on my studies and work hard to succeed in all aspects of my life. Participating in high school athletics is what taught me the value of teamwork, dedication, perseverance and discipline.
Robert Shumake: The Double Bottom Line By: Robert Shumake | - Earlier this year, Bill Gates and Warren Buffett announced their Giving Pledge, in which they asked the worlds billionaires to give away the majority of their wealth within their lifetime. Thats essentially the same sentiment as my double bottom line theory if your success in business brings you monetary gain, you have a moral obligation to use that money to make the world a better place. And while Im no billionaire, I have had a fair amount of success. Inheritance Capital Group is ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Robert Shumake Giving Pledge By: Robert Shumake | - Well, Im not a billionaire. But I have had a good amount of success in business. My company, Inheritance Capital Group, manages a portfolio of 3 million square feet of office and warehouse space worth more than $200 million. Our clients include GM, Lockheed Martin, Lufthansa, UPS, Reichold and Eagle Ottawa. And weve been 100% occupied since the day we made our first deal. As I like to say, Were not your traditional real estate company. We buy corporate America.
Robert Shumake Geneating Alternate Income By: Robert Shumake | - Instead, they should be looking beyond the hope to make a few dollars and see their investments as a way to have money they may need in the future. Here are just a few of the eventualities that could make you really appreciate you have been investing on the side.
Unemployment
What if you were to lose your job? For many people, this is happening regularly lately. If you are one of those people, you will want to make sure you have money to fall back on while you try to fi ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Robert Shumake Thinking Positive About Reits Investing By: Robert Shumake | - Have you ever heard of the power of positive thinking? The idea behind the power of positive thinking is that if you have a positive mindset about things, you will bring positive things to yourself. Think about the people that walk into situations where the cards are stacked against them and dont realize it. Often they are more cool and collected in what should be a stressful situation and shine. Sometimes they even come out better than anyone could have imagined. Meanwhile, someone who walks ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Reits Expert Robert Shumake Says Obstacles Are Natural By: Robert Shumake | - That is not the way real investing works. Real investors know there are always failures and setbacks. The key is to holding yourself together through them, making the best of the bad times, and using what you learn to do better in the future.
Holding it Together
The past few years have been a great example of the kinds of things that can go wrong and make a mess of your investment portfolio. Between real estate crashes, credit crashes, stock market crashes and the coun ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Robert Shumake Reits Expert Tips: Learn From Results By: Robert Shumake | - If you were to take a little time to watch your investments and learn from what is happening to them, you may be able to key yourself in on what is happening in the investment market and be able to make wise decisions that can help you make even more money to enjoy in the future.
Watch Your Portfolio.
If you want to know what is happening to your money and know how you may be able to make more of it, you need to know what is going on in your portfolio.
While you may think investment decisions are all based on money and math, there is much more going on in your mind when you decide whether or not to purchase a real estate investment trust or real estate mutual fund. The more you understand about the process and know how to use it, the more helpful it can be to your future ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Robert Shumake Reits Investing: The Comfort Zone By: Robert Shumake | - Many people get into the same rut when they are in the world of real estate investing. These are people who purchase certain REITs or real estate mutual funds that they know and trust and hold on to them. Day after day their portfolio stays the same. Even if there are bad days, they dont want to change anything because it is more comfortable to stay where they are.
Robert Shumake Keys To Reits Investing By: Robert Shumake | - Real estate investment trusts and real estate mutual funds are a more specialized portion of the investment world. Think of these as large real estate portfolios that can have a number of things inside of them from stocks to bonds to any of a number of other real estate offerings that are offered on the stock market.
While you could study up on these on any number of investment websites, the difficulty comes in finding just the items you are interested in. If you are looking into r ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Robert Shumake Reits Investing Expert Says Know When To Sell By: Robert Shumake | - While this seems like a common sense trio of options, you may be surprised at the number of people who have a tough time deciding which one to do and when to do it. The most common problem comes when deciding whether or not to sell.
Many people who have made an investment want to stick with it hoping that the end result will be profitable; however, it things go sideways, they wantt to avoid holding onto a losing investment.
Robert Shumake Real Estate Investingtips By: Robert Shumake | - If you think of the major investors who have made millions and made a name for themselves in the investment world, you may notice that they are not just people who put their money on the line, but also people who talk to anyone and everyone in their field, trying to get a pulse on what is coming and what may happen next in the industry.
The main reason you want to make sure to build up an investing network is to make sure you know what is coming (or about to go away) in your industr ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams, re
Robert Shumake Discusses Reits Investing By: Robert Shumake | - According to Robert Shumake if you want to be a successful real estate investor in the stock market, bonds or real estate investment trusts, you can't just go in and spend money willy-nilly right and left and just hope to make a profit. While there are some people who choose this method of investment and luck out, making money, for the most part, this type of investing is about as wise as tossing your hard earned money in the fireplace. Instead you need to have a plan before you begin investing. ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams, re
How To Spot A Foreclosure Scam: A Guide To Common Fraud Warning Signs By: Gerald Lucas | - A rise in mortgage delinquencies is often accompanied by an increase in foreclosure rescue scams. The prospect of losing your home and damaging your credit is enough to scare anyone, but when you add the additional threat of being duped out of your hard-earned money by an unscrupulous scam artist, its easy to see why some people facing foreclosure want to throw up their hands and give up. The fact that there are opportunists in the world that prey on the vulnerable is a sad but constant fact ... Tags:Foreclosure scams, warning signs, protect money, mortgage fraud
Don't Become The Victim Of A Mortgage Related Con Artist By: Jim Olenbush | - If you have fallen behind on your mortgage payments, you are likely feeling quite desperate about trying to find a way to get your finances back on track. Unfortunately, when you get into this difficult type of situation, you are far more vulnerable to becoming a victim to con artists. After all, con artists are seeking out people who are in desperate situations because they know these homeowners will be far more likely to agree to just about anything in an attempt to keep their homes. For this ... Tags:mortgage fraud, real estate scams, con artist, debt help
The Bank Of Montreal Is Claiming Mortgage Fraud By: Molly Wider | - The Bank of Montreal estimates it may lose as much as $30 million on a mortgage scheme that involved some of its own employees. The bank is suing a few hundred people including four of its own employees, along with mortgage brokers and, so far, seventeen lawyers in what they allege is one of the largest cases of mortgage fraud in Canadian history.
Real Estate Fraud - A Form Of Identity Theft By: Molly Wider | - Having your identity stolen may be as likely as winning the lottery, but as we know, there's always a lottery winner. With millions of transactions occurring in real property every year, real estate fraud is rare but it happens, and it can cause a world of misery on a unsuspecting homeowner.
Hard Financial Times Provide Lush Opportunities For Con Artists By: Karrie Rose | - It seems to be a part of human nature, sadly enough, that when there are people who are experiencing hard times, there is always someone who is ready to take advantage of those hard times and the fear and confusion that often accompany it. As a current example of this harsh critique of human behaviour unto his or her fellow man there is the disturbing trend of the huge growth industry of mortgage relief fraud.
Your credit score is based on the perceived risk associated with extending you credit. Over the years, the credit reporting agencies have determined that a borrower who seeks credit from many different lenders is riskier than others. Therefore, they decrease your credit score each time a lender pulls your credit report.
Each time you call a lender seeking the best possible rate and terms for your home mortgage, he has to pull your credit re ... Tags:home mortgage, home loan, home loan mistakes, credit score, financial difficulties, Mortgage fraud, interest rate, Responsible Loan Officers, home mor
Real Estate Scams And The Damage They Cause By: Ryan Lynch | - When it comes to real estate scams, most people think about the buyers who have been taken advantage of my unscrupulous fraudsters. Or, they think about homeowners who are in financial trouble and get taken advantage of by someone who claims to be able to help them with their financial problem. In reality, it is not just the buyers and sellers who are hurt by real estate scams. In fact, lenders are regularly taken advantage of my scammers as well. Here is a look at some of the most common scams ... Tags:mortgage fraud, real estate scams, scammers
Mortgage Frauds Rampant In Florida By: Rob Thomson | - When the financial bubble burst, many peoples lives went spinning out of control. Unfamiliar with the fallout they would be facing, homeowners were scrambling for information. Unfortunately, the unscrupulous scammers were just starting to gear up their machines to reel in the catch.
The FBI defines mortgage fraud as "any material misstatement, misrepresentation or omission relied upon by an underwriter or lender to fund, purchase or insure a loan", and there is a plethora of ... Tags:mortgage fraud, real estate fraud, mortgages, real estate scams
How To Avoid Mortgage Fraud By: Ki Gray | - News articles throughout the U.S. headline stories about indictments for mortgage fraud. Although you may think you could never be scammed, you should think again.
Above-average, intelligent, middle-class professionals have been duped as well as the average Joe. Almost no one is beyond the long arm of a mortgage scammer's reach. You can, however, become better educated in the antics of fraudsters in order to thwart the most common scams used.
Mortgage Fraud At All-time High By: Ki Gray | - From sea to shining sea, lenders struggle with costly mortgage fraud. Although, the fraud itself is not new, a recent FBI report reveals that the numbers are mounting and the methods used by scammers are becoming more, well, creative.
From 2007 to 2008, the FBI's annual report showed that the industry experienced an increase of more than 83.4 percent in actual mortgage fraud dollars. Last year mortgage fraud cost lenders in excess of $1.4 billion in liability, says the FBI rep ... Tags:mortgage rate trends, real estate, austin mls, mortgage fraud, austin real estate, lending, federal
Forensic Mortgage Loan Analysis By: pompapah | - Mortgage Loan Forensic Analysis
This is a boiling subject getting underlying attention in the mortgage modification business. I am comfortable with three really excellent mortgage modification firms.
Two of them advocate getting the mortgage modification file in the hands of the lender first; and then considering a forensic mortgage loan audit. There are reported statistics of a really significant number of mortgage loans being subject to forensic audit. I dont know. My per ... Tags:predatory lending, forensic mortgage loan analysis, mortgage fraud, mortgage loan modification
Mortgage Fraud Bill Signed, Sealed & Delivered By: Tina Fountain | - Two bills designed to address some of the problems resulting from the economic crisis have been signed by President Obama. The first deals with mortgage fraud and the other with helping families who are involved in a foreclosure situation save their homes.
Look out rip-off artists, enforcers of the new mortgage fraud bill means serious business. Almost half a billion federal dollars has been authorized to spend on targeting charges of mortgage fraud. Agencies the likes of the Secr ... Tags:mortgage fraud, mortgage fraud bill, finances, home buying, mortgages
Robert Shumake"€™s Mission Is To Inform The Public About Mortgage Fraud And Real Estate Scams And To By: Robert Shumake | - Fund Profile
Aim Real Estate B is a member of the Invesco Aim family of funds. The focus of this fund is to purchase stocks of real estate companies and those companies that are real estate related and grow capitol for investors.
Fund Performance and Ratings
With a five-star Morningstar rating, Aim Real Estate B is a heavy hitter in the real estate mutual fund market.
While the current economy has had a negative impact on the fund, as it has the rest of the marke ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Street Gang Real Estate Fraud By: Joshua Sloan | - The FBI recently uncovered the largest mortgage fraud case ever prosecuted in the Southern District of California. This elaborate con which ran from 2005 to 2008, defrauded over 70 lenders and involved the sale of 220 homes and mortgages with a total value in excess of $100 million. The Southern California homes targeted were located in Spring Valley, La Mesa and Encanto neighborhood of San Diego.
Online Stock Trading: Reits Buy Now, Sell High By: Robert Shumake | - A lot of people are reluctant to put out any type of money into investments right now, thinking that since it's a bad time, things must be getting ready to get worse and worse. Well in real estate, this is not possible.
Think about this for a minute. Unless it is going to sink into the ocean or completely disappear into a black hole, the property behind a real estate investment will always be around. Sure, it can lose money and have a tough time, but it will be around and still ha ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams, re
Many of the most popular REITs fit into the first category property owning. These are REITs that use their funding to purchase properties and then make a profit from those properties that they pass on to their shareholders.
Real Estate Investing For Retirement: Reits And Self Directed Iras By: Robert Shumake | - While you may think that all stocks, bonds, mutual funds and everything connected to the market is evil these days, there are some investing avenues that will be there for you and can even help you see a healthy profit on your investments.
A Savings Plan: Self Directed Ira, Real Estate Mutual Funds And Reits By: Robert Shumake | - If this sounds like you, you may need to look at another way to save your money and a REIT may be the answer. A REIT is a real estate investment trust. This is essentially a mutual fund for real estate that will be used to buy, build or manage real estate ventures.
Reits And Stock Trading: Real Estate Investing With Liquidity By: Robert Shumake | - With that said, real estate has long been the solid investment option for those who like to put their money somewhere that it can see results but also remain stable.
So, how does one be able to still be involved in the real estate market and not be caught in that same trap? The answer is by purchasing REITs. A REIT is a real estate investment trust. This means it is much like a mutual fund in that a number of shareholders put money into the fund and that money is used to purchase, ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams, real estate tips, protect themselves, mortgage fraud, housing loan
Stock Market: Understanding Reits -real Estate Investment Trusts By: Robert Shumake | - While most people know of trading things like stocks and bonds, they may not know of the deeper levels of those things, such as REITs. REITs are Real Estate Investment Trusts. Essentially this is a company that purchases properties and then becomes a real estate management firm.
"fraud For House" Mortgage Scams By: Justin Havre | - Greed, ignorance, and good intentions are the various starting points for mortgage fraud. Whether a person is looking for a home to live in that's nicer than he can legitimately afford, or he's looking to flip a property to make a quick buck, mortgage fraud entails lying or hiding information from the bank to get more favorable loan terms.
What Is Real Estate Investment Trust By: Robert Shumake | - Investing in income property can be a great way to increase your capital. But for many people, investing in real estate, especially commercial and industrial real estate is just out of reach from the financial point of view. But what if you could join forces with other small investors and large investments in commercial real estate in the group? With Real Estate Investment Trust, you can do it!
About Reits: Real Estate Investment Trusts By: Robert Shumake | - Real Estate Investment Trusts (REITs) were created in the 60s so that all investors would have access to income-producing real estate through the purchase and sale of liquid securities. Before REITs were created access to investment returns of commercial real estate equity was only available to institutions and wealthy individuals.
For over half a century, REITs have become an important part of the United States economy and investment markets. United States REITs have grown from ninety ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Commercial Real Estate Is A Great Investment By: Robert Shumake | - Commercial Real Estate is a great investment; however, it is financially out of reach for many individuals. REITs, also known as real estate stock, are Real Estate Investment Trusts which were created by Congress in 1960 to enable smaller investors to invest in large-scale, income-producing real estate.
REITs Advantages
REITs are corporations that own and manage a portfolio of real estate and mortgages of which anyone can purchase shares. REITs offer the benefit ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams
Mortgage Scam - Home Mortgage Fraud By: TheWicker | - Each mortgage scam contains some type of misstatement, misrepresentation, or omission relied upon by an underwriter or lender to fund, purchase or insure a loan. Mortgage scam is easily practiced particularly where mortgage industry professionals are involved. The true level of mortgage scam is largely unknown because a significant portion of the mortgage industry is void of any mandatory fraud reporting and in addition, mortgage fraud in the secondary market is often under reported. Based on va ... Tags:Mortgage Scam, Home Mortgage Fraud, Mortgage Fraud, Home Mortgage Scam
The Mark Is SelectedÃ"'¦the Fix Is InÃ"'¦sting Underway By: Dale Rogers | - Trevor showed up at an open house party held by a local Realtor, Mary, for a new homebuyer. Several neighbors had dropped in for the welcoming event. A friend of the Title Company who had closed the loan for the new homeowner had invited Trevor to the gathering, as he was new in town and had stopped at the Title Company making inquires about future purchase business. Mary peeking out the window witnesses a sharply dressed middle aged man probably in his late 30s she surmised driving a brand new ... Tags:Mortgage Fraud, Credit Strain, Lease Option, Mark, Pigeon, Sting, To Good To Be True, Kited Appraisals, Mortgage Scams, CLTV. LTV, HELOC.
Anti-fraud Law In Georgia Real Estate By: Jason Murphy | - Georgia real estate properties translate into fraud opportunities and baits for many unscrupulous individuals trying to lure prospective buyers and victims in the Georgian landscape. From 2002 to 2005, Georgia is a consistent topnotcher among mortgage and real estate fraud cases in the US documented by TPG or The Prieston Group. It is therefore not surprising that despite the beauty of Georgian properties, the real estate industry of Georgia continues to suffer setbacks brought by fraud.
... Tags:Georgia real estate, mortgage fraud
Your credit score is based on the perceived risk associated with extending you credit. Over the years, the credit reporting agencies have determined that a borrower who seeks credit from many different lenders is riskier than others. Therefore, they decrease your credit score each time a lender pulls your credit report.
Imagine this. A Canadian homeowner a successful professional with a lovely home in a nice neighbourhood arrives home after work one day to find a For Sale sign on his lawn. Imagining that it may be a practical joke, he asks his wife if shes unhappy with the house! But his wife has no idea why the sign is there, or who put it up. It turns out that the couple are the victims of title fraud a crime thats on a worrisome rise here in ... Tags:title fraud, mortgage fraud, title insurance, mortgage insurance, protecting your real estate, protecting your title, about title insurance,
