Mortgage News

Eight Detroit, Michigan, zip codes are among the top ten in the nation for number of foreclosures.  Following up on the nation’s most widely attended mortgage foreclosure forum, Attorney General Mike Cox today announced that his office will be hosting a second “Avoid Foreclosure Forum” at Cobo Hall on February 12 from 12:00 noon to 7:00 p.m. Cox held the nation’s largest foreclosure forum in Detroit last month, where more than 4,200 homeowners had an opportunity …

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Original post by default@goarticles.com (James Blunt)

D’Clarence Reynolds, 27, Detroit, Michigan, has been charged with three mortgage fraud based felonies.  Specifically, Reynolds is charged with forgery, false pretenses, uttering and publishing.&nbsp According to media reports, Reynolds was dismissed from his position as a law enforcement officer with the Detroit Police Department in 2006.  Reynolds applied for a $80,000 mortgage indicating that he continued to be employed as a police officer.

In order to …

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Original post by default@goarticles.com (ROB LAWRENCE)

Nelson Sumpter, 42, Pittsfield Township, Michigan, Omar Sumpter, 35, Sterling Heights, Michigan, and Paul Rhoads, 35, Novi, Michigan, were charged in connection with three deed fraud cases.

In all three of the cases the defendants used the same scheme. They would claim to be real estate professionals who assist homeowners in selling their property to potential investors. They induced elderly victims to give them information such as property information, personal signatures …

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Original post by default@goarticles.com (friendsandmoney.co.uk)

Tariq F. Hamad, 37, Dearborn, Michigan, was sentenced to 110 months in prison and ordered to pay approximately $12 million in restitution for his role in a mortgage fraud scheme.  Hamad pled guilty to one count of wire fraud in December of 2006.

The Information alleged that Hamad devised and participated in a scheme to defraud mortgage lenders by falsifying documents being submitted to lenders for purposes of obtaining …

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Original post by default@goarticles.com (zhafran)

Nicole Athey, 38, Greenville, Michigan, was convicted of racketeering and embezzlement involving more than $1 million that was taken over four years from the Crowne Title Agency.&nbsp “People in positions of trust owe a duty to those who entrust them with their money,” said Attorney General Mike Cox. “Let today’s sentence be a reminder that when trust is betrayed, they will be prosecuted.”

From July 2002 through February 2006, Athey was …

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Original post by Mortgage Fraud Blog