Dec 13th 2012 1:00PM
The housing market has been slowly recovering for most of the year, but the fact remains that millions of Americans are still underwater when it comes to what they owe on their mortgage versus the value of their home. As such, many may be looking for some relief, and scammers are now preying on that need. In recent weeks,... Continue Reading »
Jul 3rd 2012 12:50PM
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 recently... Continue Reading »
Jun 8th 2012 9:00AM
A real estate agent from Petaluma, Calif., has been arrested in connection with an alleged Ponzi scheme that took over $20 million from investors. Aldo Baccala, 71, purportedly collected money from more than 75 investors by promising returns of at least 12 percent. Using his company, Baccala Realty, Inc., Baccala is... Continue Reading »
May 18th 2012 12:35PM
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 condominium... Continue Reading »
Jun 8th 2010 1:50PM
Riding up to homes for sale on her bicycle, Pamela Winegardner allegedly would chat with listing agents about her new business ventures, her career as a six-figure human resources consultant, her dying grandmother, her boyfriend's injured daughter, and her need to move quickly out of her current rental because the owners... Continue Reading »
