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One homeowner has recently discovered he no longer owns his 8,300-square-foot home — at least on paper. Craig Adams, a local dentist in Raleigh, North Carolina, said the deed to his $4 million ...
She was the focus of a recent ABC11 Troubleshooter investigation where Craig Adams nearly lost his home. ... Fraud alerts won’t stop the deed transfer from happening, but it would notify you ...
The deed to a multi-million dollar home in Raleigh was swiped out from under the nose of the home’s owner. Craig Adams is frustrated. His 8,300-square-foot home is no longer in his name, despite ...
Mortgage elimination is a type of mortgage fraud in the United States.In this scam, the promoter first convinces a mortgage holder that the debt that has been contracted is invalid or legally unenforceable, usually due to a combination of alleged technicalities in the note, deed of trust, or other loan documentation signed; the promoters often link their rationale for debt elimination to ...
In fact, in 2024, there was more than an eight percent increase in fraudulent mortgage applications year-over-year, according to CoreLogic’s Mortgage Fraud Report. This breaks down to one out of ...
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.
The fraud scheme was allegedly performed while Gallo and Elmas worked for NJ Lenders Corp., a New Jersey mortgage loans company. “NJ Lenders is proud of its 33 years of successfully assisting ...
A real estate investor and ringleader of an operation responsible for nearly $50 million of mortgage fraud pleaded guilty on June 20 in a federal court, the Justice Department announced. Brett ...