Search results
Results from the WOW.Com Content Network
Equity stripping or equity skimming is a variation on lease-buyback and is one of the most common types of foreclosure rescue schemes. [4] In it, the perpetrator assumes ownership of the house while allowing the former owner to continue living there, provided that s/he pay rent to the perpetrator, who is the new owner.
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
Throughout Jones’ career he developed a vast network of professional and financial liaisons, which included lawyers and notaries, mortgage and insurance brokers, and banks. By his own admission, Jones was an unregistered financial advisor and relied on these business relationships to perpetrate his fraud.
To save money, you can look for a factor rate loan with a prepayment discount. ... use a business loan calculator to see how much the same loan would cost with an APR. For the $100,000 loan, the ...
Money laundering in Canada is a problem described by professionals in 2019 as a "national crisis," and which has attracted international attention. [1] As of July 2022, a public inquiry is currently being held to gauge the extent of the problem.
[1] [2] Sometimes the factor's charges paid by the seller (the factor's "client") covers a discount fee, additional credit risk the factor must assume, and other services provided. [13] The factor's overall profit is the difference between the price it paid for the invoice and the money received from the debtor, less the amount lost due to non ...
This provides an incentive to unscrupulous servicers who aggressively interpret mortgage documents to add additional fees [5] to a borrower's mortgage account. Many times, the additional fees added on create an event of default allowing the mortgage servicer to foreclose on the property. This practice is commonly referred to as manufacturing a ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!