There is no way to rank the frequency with which fraudulent real estate transactions occur. The Mortgage Fraud Index tries to get a sense of how often this is occurring by tracking the volume of criminal cases in a given jurisdiction. A poor placement on the ranking...
Month: June 2012
Miami Man Sentenced In Mortgage Fraud Case
A Miami loan officer for Great Country Mortgage Bankers pleaded guilty in April to a single count of conspiracy to commit wire fraud. For his role in a larger plan to commit mortgage fraud, he was sentenced to 4 years and 6 months in prison and ordered to pay $9.2...
Florida Man Sentenced In Real Estate Fraud Case
A former loan officer for Washington Mutual was sentenced to 15 months in prison by a federal judge last week. The sentence was for his role in a mortgage fraud scheme based in Southwest Florida. The 66-year-old banker is the fourth person involved in the...
Twenty Accused Of Insurance Fraud By Florida Authorities
A $1.4 million insurance scam led to 20 arrests by the Miami-Dade Police Department's Economic Crimes and Arson Division. A group used false renters, known as straw renters, and arson to file fraudulent insurance claims. The investigation, referred to as Operation...
Time Share Resale Fraud Drawing Attention In Florida
The Federal Trade Commission has reported a significant increase in the number of complaints involving time share owners being approached by people claiming to have a buyer lined up. Often there is no buyer and the person claiming to be a representative is using the...
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