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The Top 10 Mortgage Fraud States For 2008

July 8, 2009 RSS Feed Print

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An FBI report released Tuesday found that mortgage fraud-related Suspicious Activity Reports increased 36 percent in fiscal year 2008 from the previous year. Meanwhile, financial firms reported at least $1.4 billion in mortgage fraud-related losses last fiscal year, an 83.4 percent jump.

“Mortgage fraud hurts borrowers, financial institutions, and legitimate homeowners,” Assistant Director Kevin Perkins, of the FBI Criminal Investigative Division, said in a statement. “The FBI, in conjunction with our law enforcement, regulatory, and industry partners, continues to diligently pursue perpetrators of mortgage fraud schemes.”

Here's a look at the top 10 mortgage fraud states for 2008:

1. California

2. Illinois

3. Texas

4. Georgia

5. Ohio

6. Colorado

7. Maryland

8. Florida

9. Missouri

10. New York.

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Receiving a legitimate loan modification these days can be a very difficult task. Whether it’s through your lender, on your own, or through a company that offers services there is going to be a process in order to obtain a successful modification! ( BEWARE OF SCAMMERS!) Unfortunately in this time of economic struggle it’s tough for everyone and every industry has taken severe hits. There is hope though, We at CAHomeModificationCenter can truly help! Whether it’s letting you know options you never knew existed or simply showing you how to do it yourself! WE WILL HELP! THAT’S OUR WORD! If you need professional assistance with your Loan Modification please call and we will be more than happy to discuss ALL possible options. Jon Bernetski 760 580 5621 . In the next several years the United States is expected to have over 2 millions foreclosures. Many homeowners are faced and stuck with their outrageous adjustable interest rates and are unable to refinance and are left with a payment that has skyrocketed through the roof. Anyone reading this in this situation already knows, trying to even CONTACT your lender is an ABSOLUTE NIGHTMARE! 1. They don’t have enough manpower for the amount of people in this situation. 2. THEY WANT YOU TO STAY IN YOUR HOME! (think about your property value right now compared to 5 years ago)…They’d rather get their property later down the road. 3. The major lenders aren’t exactly doing too well financially. Bottom line there is A LOT involved in obtaining a successful modification and I will educate you and breakdown everything you need to know in order to save your home! At CAHome Loan Modification Center we CAN and WILL help! We have been servicing homeowners for over 20 years and are the very best in the modification department!
Jon Bernetski
760 580 5621

jon of TX 6:45AM September 17, 2009

For certain mortgage companies, loan modification INTERFERES with sham foreclosure, FLIPPING fraud (which fosters neighborhood blight), and false IRS 1099-A’s! Specifically, a grossly overlooked factor of the Foreclosure Crisis is the reality of non-legal foreclosures being deliberately filed in courts. (*1099-A's enable mortgage companies to receive just or unjust tax advantages).
Ongoing news reports throughout the USA about courtroom judges who are dismissing foreclosure cases (filed purportedly on behalf of foreclosure plaintiffs) because of "lack of standing" (no proof of owning the note), or the mortgage lender no longer exists, are not always coincidences, nor errors. Far too many lawyers are deliberately filing these -in collusion with mortgage companies, and escaping scrutiny from most judges --until now.
Also, when attorneys deliberately file false foreclosures naming defunct mortgage companies, or companies which no longer hold the notes, often they ILLEGALLY affix Collection Fees in excess of "Acceleration Clauses," making it even harder for people to pay arrears. Even worse, people become [unlawfully] evicted despite that the property seizure is null –they never lawfully lost ownership! (Hence, manifest false 1099-A’s.) If property owners sue for "Unfair Debt Collection Practices," lawyers make more even $$$$ through litigation --which Wall Street Investors incur the legal tab! Additionally, some collectors file in Bankruptcy Court falsified motions to "Lift Stay" pleadings for purposes of accomplishing SIMULATED AUCTIONS of feigned foreclosed properties.
A thorough FEDERAL investigation of false 1099-A's filed with the IRS by mortgage companies will expose various aspects of silent White Collar collusions within real estate & foreclosure frauds that has been carried out for years –likely, another S&L mess! For Prima Facie proof of Wells Fargo, Lehman Brother collusion with unscrupulous lawyers, see:
*http://www.lawgrace.org/2008/08/08/my-august-8-2008-statement-to-the-louisiana-secretary-of-state-office-of-financial-institutions-concerning-wells-fargo-irs-and-mortgage-frauds-sham-foreclosures-and-judicial-collusion-and-national-app/
*http://www.lawgrace.org/2008/09/14/lehman-brothers%E2%80%99-mortgage-troubles-nationally-evidence-of-foreclosure-fraud-deception-and-conspiracy-with-wells-fargo-deceptive-judicial-filings/

Barbara Ann Jackson of LA 7:58PM September 04, 2009

So to make a long story short as I am now seeing I am running out of room here. Two weeks later we found out that one of the mortgage companies we had during the bankruptcy failed to make our insurance payments. This is where I am needing help it turns out the mortgage company took out a forced placed policy and we did not get notified of it so what has happened is we lost our home to fire but because of this forced placed policy we now own the property but have no money to build a new home.
I want to find a lawyer who will help us get the mortgage company to pay for the wrongs they have done to us and help us get a new home built.
Also I would like to say that if this is the wrong place for this positing then I am sorry but I am in need of help and have yet to be able to find any god sources for a lawyer that will help us in this case.

Alan Beaird of AR 1:25PM August 28, 2009

The Top 10 Mortgage Fraud States For 2008

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