Department of Justice Files Huge Foreclosure Scams Case



If you’ve been facing foreclosure on your home, and thought you had found a company that can help, only to find out that you’ve been duped and are out of a substantial amount of money or end up losing your house anyway, you’re not alone.

Real Estate Investment Fraud 101 – Avoiding Over-Encumbered Property



These days many folks with cash savings, CD’s or IRA’s are in search of ways to increase their returns. Interest rates for bank CD’s, savings accounts, money market funds and IRA’s are just not what they used to be, and so many folks are considering non-traditional investments, because of the potential for higher interest income.

Worried About Foreclosure? Beware Of Foreclosure Related Rip-Offs



When you are worried about foreclosure, or you’ve actually gotten an acceleration letter from your lender or an attorney, the last thing you need is to be preyed upon by phony “loss-mitigation experts”, who give you misleading information that may make your situation worse.

Georgia – No Plans To Help Homeowners



The National Mortgage Settlement has been finalized and the $2.5 billion dollar bank payout is being allocated among the 49 participating states. But among those states that were hardest hit by the foreclosure crisis, only Georgia has no plans to allocate any of their $99 million dollar share of the settlement to help homeowners who are struggling to avoid foreclosure.

Citigroup Hit With $158 Million Mortgage Fraud Settlement



Citigroup has suffered its second setback in two weeks, with the news that the bank will have to pay out $158.3 million in settlement fees, coming hot on the heels of last week’s $25 billion foreclosure settlement that was agreed between states and America’s five largest banks.

A Perspective On The U.S. Housing Market, We Need Localized Solutions (Part 1)



As the U.S. “housing crisis” drags on, it’s time to take stock of where we’re at and take a closer look at what’s really going on out there. There are several points I’d like to make about this market to add some balance to the discussion about what to do and how to “fix” the […]

Scammers Keeping Brooklyn Real Estate Crime Unit Busy



The scourge of real estate crime has become so prevalent in Brooklyn these days that even a former city council official has been scammed, according to the district attorney for Brooklyn.

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