real estate fraud - Articles

Jailed Mortgage Fraudster Maintains Grip on Victims' Homes

#fivemin-widget-blogsmith-image-178282{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-178282, #postcontentcontainer #fivemin-widget-blogsmith-image-178282{width:570px;height:411px;display:block;} Though tales of booming housing markets have pushed foreclosure horror stories out of the headlines,... Continue Reading »

Ex-Justice Diane Hathaway Sentenced To Prison For Real Estate Fraud

By Ed White Declaring herself "broken" and "disgraced," former Michigan Supreme Court Justice Diane Hathaway tearfully took responsibility for fraud Tuesday before a judge sentenced her to a year and a day in prison for concealing assets while she was pleading with a bank for a sale on her underwater home. Defense... Continue Reading »

Renters Beware: Fraudsters Still Lurking on Craigslist

With a burgeoning "sharing economy" and the growing amount of trust in peer-to-peer marketplaces like Craigslist, consumers have become increasingly comfortable with online transactions. These days, it's no exaggeration to say that people are willing to look for almost anything online. Whether it's finding a roommate, a... Continue Reading »

Homeowners Beware: Forensic Loan Audit Scam

The calls started last November. Speaking in Spanish, a representative from New Century Solutions in Lake Forest, Calif., pitched Jose Chirino to purchase a forensic loan audit. For $2,995, the representative said, an audit could help the San Jose, Calif., homeowner get a much-desired loan modification and principal... Continue Reading »

Real Estate Scam Preys on Orthodox Jews

Like an Orthodox Jewish Bernie Madoff, Eliyahu Weinstein allegedly bilked members of the religious sect out of $200 million. Presenting himself as a real estate investor from New Jersey, Weinstein met with investors from New Jersey, New York, Florida and California, through the close-knit Orthodox community. He allegedly... Continue Reading »

6 Ways to Tell If Your Real Estate Agent Is Lying

It's a nagging question that often pops up during a property hunt. Is your real estate agent lying to you? You may look him in the eye and ask straight-out if there are any other offers, or if the basement has ever flooded, or how long the house has been on the market. But how do you know if he's telling the truth? It's... Continue Reading »

California Real Estate Scammer Pays for Wedding With Investors' Cash

The honeymoon is over for a Long Beach, Calif., man who was sentenced to jail time this week for defrauding investors in a real estate Ponzi scheme. Between 2003 and 2006, Jon Weldon James, 33, defrauded 50 investors, taking more than $33 million via phony investments. Instead of investing in real estate as he promised,... Continue Reading »

Real Estate Fraud: The Story of the Ponzi Scheme Widow

The ultimate victim of a real estate Ponzi scheme mastermind, who allegedly defrauded millions of dollars from his clients, could turn out to be his own wife of 38 years. The lesson for homeowners is clear: Be careful who you're dealing with, even if it's your spouse. David Colwell, a 57-year-old insurance salesman from... Continue Reading »

Real Estate Fraud: Why Is It Becoming More Common?

Fraud, or at least charges of fraud, just keep on coming in the mortgage and real estate world, leaving homebuyers wondering where the oversight is. The criminal courts are getting busier, hearing cases against the employees and executives of the same companies that are supposed to be helping homebuyers. Why is there now... Continue Reading »

What's Hot on HousingWatch This Week

Be a smarter shopper with our tips on what you need to know before entering a home lottery, whether to buy a $1 house, and how to protect yourself against real estate scammers. See what else was hot on HousingWatch this week: 1. Eleanor Roosevelt's $14M NYC Townhouse Perfect for Bush Twin Though its decor may recall its... Continue Reading »

Real Estate Fraud: How to Spot a Scam

Real estate and mortgage fraud cases may be the latest fallout from the recent real estate bubble. Two recent California court cases demonstrate the lengths that white-collar criminals will go to in order to deceive buyers, banks and investors. In Orange County, a former real estate broker stole clients' identities,... Continue Reading »

AOL RealEstate on Facebook