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Found 3 results

  1. A person owns a home in Washington, DC and has a mortgage on it. They relocate to Massachusetts. One month later, they refinance the DC home and get a new mortgage, claiming the DC property is still their primary residence, even though they're now residing in Massachusetts. That seems like it was fraud. But there's more. A year later, while still living in Massachusetts, they buy a home in Massachusetts. They obtain a mortgage to fund their purchase for this newly acquired home. For this new mortgage, they claim this will be their primary residence. They then proceed to truly live
  2. Hi Guys, I have a few questions in regards to this Mortgage Assignment and I need someone with the experience to spot possible fraud. I do understand without litigation, discovery, ect ect you cant know with a certainty. What i am trying to understand the form and what information could I search for or you can provide to help with my investigation. This is an assignment is from RMS Mortgage Asset Trust 2012-1 selling or assigning to Wilmington Savings Fund Society, FSB, Not In It's Individual Capacity But Solely As Trustee Of Primestar-H Fund II Trust. My questions relate to the legality
  3. I was behind on my payments with Penfed on a loan I took out in 2008 and they refinanced my HELOC by incorporating the closing fees and late interest into a new HELOC in May of 2010, which since it was the only loan on my property is in a first lien position. Even though they did it as a HELOC, they closed the line of credit. My balance is $85,000.00 which is the original amount refinanced. The property has lost value and is worth about $52,000.00. Since LTV is upside down I want to approach Penfed from a position of leverage and rework the loan with a lower loan amount. I am cur