Tag: real estate scams

  • Realty Agent Scammed Friends and Family of Millions, Gets 15 Years

    Realty Agent Sentenced After Scamming Friends and Family

    Jill Marie Silvey, of San Jose, Calif., was facing more than 30 years in prison after being charged with 44 felony counts across 14 fraudulent loans. Continue Reading

  • Homeless Man Allegedly Rents Out Vacant Home to Tenants

    Homeless Man Allegedly Rents Out Vacant Home to Tenants

    Is being a thief better than being a squatter? A homeless man allegedly stole $1,375 in cash by renting out a vacant home in Ormond Beach, Fla., so that he could afford a place to live, MyFoxOrlando.com reported. Eric Sisson, 27, (pictured at left) listed the foreclosed home on Craigslist, claiming that he... Continue Reading

  • Former NYPD Officer Accused in $4.7 Million Real Estate Scam

    Former NYPD Officer Accused in $4.7 Million Real Estate Scam

    A former police sergeant and a New York attorney are being charged with stealing $4.7 million from investors using an elaborate real estate scam. James Monahan, who worked for the New York Police Department from 1994 to 2005, and Edward Adams of Obermayer & Adams in Manhattan, claimed to be building a... Continue Reading

  • Renters Beware: Fraudsters Still Lurking on Craigslist

    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... Continue Reading

  • Scammer Tried to Sell Home He Didn't Own, Police Say

    Scammer Tried to Sell Home He Didn't Own, Police Say

    Suburban Chicago police are hunting for a man they say tried to sell a home that wasn't his. The case is hardly an isolated one, with reports coming from hard-hit foreclosure states of similar acts. Empty or rented homes are the easiest targets, says the FBI. Police in Campton Hills, Ill., have issued an... Continue Reading

  • Mortgage Salvation -- or New Twist on an Old Scam?

    Mortgage Salvation -- or New Twist on an Old Scam?

    A lawyer in Tallahassee, Fla., is at the center of what some experts are calling a new take on mortgage relief scams, according to the St. Petersburg Times. Nearly 6,000 struggling homeowners seeking mortgage modifications have agreed to work with a Florida-based law firm in the hope of settling their... Continue Reading

  • Foreclosure Rescue Scam Victims Get Their Day in Court

    Foreclosure Rescue Scam Victims Get Their Day in Court

    Who kicks a guy when he's down? During these hard financial times, unfortunately, lots of people. But today, one of the most frequently targeted groups, foreclosure victims, is getting a fair shake in civil court. Thanks to a Federal Trade Commission investigation, nearly 1,500 victims of foreclosure rescue scam... Continue Reading

  • Minneapolis Woman Jailed for Mortgage Fraud

    Minneapolis Woman Jailed for Mortgage Fraud

    A 50-year-old woman in Lakeville, Minn., was sentenced Wednesday to three years and three months in prison for embezzling more than $220,000 from a title and real estate company where she worked, not including the $10,000 of stolen funds she repaid. Kuntee Shamo Singramdoo (pictured left) pleaded guilty to... Continue Reading

  • Veterans Day Special on AOL Real Estate

    Veterans Day Special on AOL Real Estate

    In celebration of Veterans Day, HousingWatch is featuring stories about veterans and active military personnel and their real estate experiences. Here are the top posts: 1. Volunteers Build Homes for Wounded Vet Operation: Coming Home, a team of veterans, homebuilders and other volunteers, are dedicated to... Continue Reading

  • Vet Beats Mortgage Mod Scam

    Vet Beats Mortgage Mod Scam

    In celebration of Veterans Day, HousingWatch is featuring stories about veterans and active military personnel and their real estate experiences. When Hank Neigel, a 66-year-old disabled veteran, realized in February 2009 that he and his wife, Carol, would no longer be able to afford the monthly $1,300 mortgage... Continue Reading

  • New Owners Find Home Already Occupied

    New Owners Find Home Already Occupied

    Zael Zura and fiancee Veronica Botts (pictured left) closed on their little yellow house Friday after an alleged serial squatter delayed their move by about a week. The first-time homebuyers put an offer on a recently renovated bank-owned home in Shoreline, Wash., several weeks ago, on the same day Zura... Continue Reading

  • Foreclosure Rescue Scams: How to Recognize Bogus Mortgage Help

    Foreclosure Rescue Scams: How to Recognize Bogus Mortgage Help

    If you're a cash-strapped homeowner, an offer to modify your mortgage or help you avoid foreclosure no doubt sounds tempting. After all, you may be behind on your home loan. Credit card bills could be past due, as well. And you're likely struggling just to make ends meet. But when someone comes along promising... Continue Reading

  • Mortgage Fraud Suspect Is Slasher-Movie Producer

    Mortgage Fraud Suspect Is Slasher-Movie Producer

    A producer of a low-budget 2009 Hollywood slasher film has been indicted for masterminding a real estate swindle that reaped millions of dollars from shady condominium purchases in California. James D. McConville was aspiring to be the movie industry's next Wes Craven, but instead is starring in his own horror... Continue Reading

  • Dallas Hit With New Wave of Real Estate Scams

    Dallas Hit With New Wave of Real Estate Scams

    What if that real estate agent you are working with is a phony baloney? Or an impostor tried to lease your house right out from under you? From the annals of believe it or not real estate news, this is happening all over the Dallas/ Fort Worth area, warns the Texas Real Estate Commission (TREC) in this pdf.... Continue Reading