The Florida Foreclosure Fraud Weblog
Where Florida homeowners fight back against foreclosure rescue scams
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Two major lenders, Chase and Wells Fargo, have angered federal judges sitting in two different cases: Chase, because of an apparent fraud on the court, and Wells Fargo, through incompetence and sloppy bookkeeping.
Chase lies to the court
My good friend Jay Fleischman describes the Chase case:
In the case of In re Pawson, Case [...]
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Attorney General Bill McCollum is at it again, targeting perpetrators of mortgage fraud. This time, McCollum has sued some twenty-five defendants who allegedly skimmed over $6 million out of approximately 60 home loan transactions. Here’s some of how they did it:
Starting in July 2005 and continuing through at least January 2007, three [...]
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A new report claims that Florida leads the nation in mortgage fraud.
In fact, 24 percent of fraudulent loans reported to the [Mortgage Asset Research Institute] during the first quarter originated on properties in Florida.
The most common kind of fraud was application fraud, including misstating income and false identification. I wonder how many of those [...]
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Don Saxon, chief regulator overseeing Florida’s licensed mortgage brokers, resigned at yesterday’s meeting of Florida’s Cabinet. Saxon resigned rather than try to defend his job after a surprising move by Governor Charlie Crist supporting a motion to fire Saxon.
Saxon has come under heavy fire for failing to protect Florida homeowners from convicted felons [...]
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The last part of the Miami Herald exposé has run, and the findings are damning. Not only did Florida’s Office of Financial Regulation fail to keep felons from entering the mortgage brokering industry, but once they were in and began stealing money from homeowners, the OFR didn’t pull their licenses.
Complaints to the Office of Financial [...]
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In the wake of last week’s Miami Herald investigation on this state’s willingness to let convicted fraudsters work as mortgage brokers, the state’s top mortgage lending regulator Don Saxon meets today with the Governor’s Cabinet who will consider, among other things, whether Saxon should keep his job.
State Chief Financial Officer Alex Sink last week called [...]
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Bill McCollum, Florida’s attorney general, as been very active lately, going after a number of companies he has accused of foreclosure rescue scams and unfair mortgage-related practices, according to the Tampa Bay Business Journal.
…McCollum has filed five cases against companies he believes have conducted questionable, if not illegal, acts in regard to mortgage and foreclosure [...]
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Want to know more? Contact us at Ricardo, Wasylik, & Kaniuk, PL.
