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Jan 15, 2014 12:17PM
Buyers are liars.   Deadbeats belong in jail.
Jan 15, 2014 12:01PM

Fraud / Scams starting with mortgage lenders up selling family homes to people knowing they would have difficulty making payments later on just to get a larger commission check. Sleazy mortgage brokers bundling this type of loans then selling them to Wall Street Goons / investors to get large returns knowing most would not perform just to obtain prime real estate at below market value. Big Banks knowing this makes the home owners purchase mortgage protection insurance to increase their profits / protect investment. Now they are bundling these foreclosed properties that they have on the books and selling them to real estate investment firms or hedge fund operators well below market value who spend little to fix the homes up to rent to the same people the properties were taken from. All backed and supported by the bought and paid for politicians with our tax dollars.


Theft by taking! This is why the banks did not work with the home owners lowering principal, interest or by some other means to keep them in the homes. It is called transferring wealth from the poor and middle classes to the wealthiest among us. Talk about welfare for the rich. Madeoff could not done a scam any better than the one playing out now designed by Big Bank CEO's and Wall Street Thugs to steal American land and raid the U.S. Treasury! Notice that the larger scams / fraud is in some of the hottest real estate markets.

Jan 15, 2014 10:32AM
I didnt know New York looked like that- its not what I see on Law and Order.
Jan 15, 2014 10:25AM
High foreclosure rate = high fraud rate.  Once the banks and real estate people get involved fraud goes up.
Jan 15, 2014 9:05AM
So, what is the definition of mortgage fraud?  Simply defaulting on the loan?
Jan 15, 2014 8:34AM
Jan 9, 2014 7:19AM
I guess it's the way we want it here in FLA. When a population will put into office as governor a man who's company stole millions from Medicare they want the dishonesty. Come one come all we have the best anti worker laws and the most minimum wage jobs in the land. At least the weather will help you live in that cardboard box without freezing.
Nov 9, 2013 5:39PM
Wait until CA becomes Number 1 in Mortgage Fraud.
Nov 6, 2013 7:29AM
Of course.  Just look at its Governor.    
Oct 31, 2013 4:01AM
Florida will always be the last refuge for scoundrels as it has laws against other state's pursuit of  Florida residents, even if those residents came to FLA after they broke laws in other states. One would think FLA wants criminals to live there. Maybe it does.

For an example............OJ. Simpson.  He sits at the top of a very long list.

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