In Suze Orman’s book The Money Class, she advises her readers to, “Do the calculations everybody. How much is it costing you to actually stay in that house? How many years will it take for you to pay more for that house than it is worth? If it’s 3 years, 4 years, 5 years, . . . → Read More: Walk Away From Suze Orman’s Advice Not Your Mortgage
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In Columbus, Ohio, police caught one of two suspects believed to be responsible for a number of area robberies that took place during Open Houses. When local Realtors first became aware of the problem they started photographing vehicle license plates of people entering their clients’ houses. These photos eventually helped to . . . → Read More: Open House Thief Caught Banks are foreclosing on homeowners who are in default. While they’re at it, they’re even foreclosing on homeowners who are either current with their payments or don’t even have a loan with that bank. The confusion created by the robo-mortgage fiasco has resulted in lots of mistakes involving who owes what, and where those . . . → Read More: The New Foreclosure Victims – Innocent Homeowners Like You  Categories - Criminal Activity, Real Estate Fraud, Real Estate Horror Stories Tags - Foreclosure, Fraud, mortgage, real estate, REO, robo-signers Did you commit a real estate fraud related crime and are afraid you’ll lose your real estate license when you go to jail? If it’s a California real estate license, then don’t worry. Apparently lots of agents convicted of crimes still have their license and are legally permitted to still practice real estate. That’s . . . → Read More: Practice Real Estate While In Jail – Only In California Categories - Criminal Activity, Real Estate Fraud Tags - california, crime, real estate fraud, real estate license Apparently OneWest Bank found a way to profit from short sales. OneWest Bank sold a home to two separate parties a few days apart. Then they cashed both of their checks. Amazingly enough, the total of both sales comes really close to what was owed on the home mortgage. Coincidence? Now both “owners” are . . . → Read More: OneWest Bank Discovered How To Profit From A Short Sale – Sell It Twice Why risk losing your home to foreclosure if you can’t make the payments? Why should you ruin your credit because you can no longer afford the house you live in? An Arkansas attorney and real estate developer, Aaron Jones may have come up with a unique approach to get out of debt while keeping . . . → Read More: Insurance And Arson – Avoiding Foreclosure Without Damaging Your Credit Rental scam: A man posing as a real estate agent showed a would-be Manhattan renter an apartment and takes your $2900 deposit. On move-in day, when the man discovered he’d been tricked, the agent, and his deposit was nowhere to be found. This happened to one man in the East Harlem area, but . . . → Read More: Man Arrested For Apartment Rental Scams In Harlem Categories - Criminal Activity, Real Estate Fraud Tags - real estate agent, realtor, rental scam, renter Owner’s property sold without his knowledge by scammers. At least they used a real estate agent. Apparently it’s pretty easy to sell houses in Perth, Australia, as one property owner found out when he discovered his $485,000 investment property had been sold by scammers posing as the property’s owners. The sale occurred in June . . . → Read More: Selling Property in Perth Is Easier Than You’d Think Categories - Agents Behaving Badly, Criminal Activity, Real Estate Fraud, Real Estate Horror Stories Tags - Fraud, real estate agent, scam Imagine looking at a picture of a beautiful house with an updated kitchen, new carpet, paint, floors, and best of all, at a very low price. You jump into the car with your real estate agent by your side and you check it out. When you arrive, the beautiful house in pristine condition you . . . → Read More: Virtual Staging: A Picture Is Worth A Thousand Lies Categories - Agents Behaving Badly, Real Estate Fraud Tags - Bad Agents, Fraud, listing, MLS, real estate agents, Realtors What if this was your neighbor's CURRENT address? Once again, your tax dollars at work. According to CNN Money, 1,295 prisoners, including 241 serving life sentences, bought homes and defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released in June of 2010. . . . → Read More: 1,295 Prisoners Bought Homes Using Homebuyer Tax Credit There has been an increase in the amount of scams and fraudulent activity around the Dallas / Fort Worth metroplex in recent weeks. The most common scams being perpetrated , according to the MetroTex Association of Realtors, are”creative financing” scams in the form of wrap-around mortgages without the lender’s consent, and with lease options. . . . → Read More: Scams and Fraudulent Activity On The Rise In the Dallas / Fort Worth Area Categories - Real Estate Fraud Tags - crime, Dallas, DFW, Foreclosure, Fort Worth, Fraud, mortgage fraud  Photo: Housing Watch How can you live in the house of your dreams without paying for it? Steal it! Eliminate your mortgage payment by becoming a squatter. Better yet, upgrade while sticking it to the Banker Man! Why live in your $150,000 house when you can break into and squat in a $1.9 Million house? What’s the worse that can happen, jail? In jail they give you free food and a free room. No matter what happens, you get a free place to live. |
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