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Showing results for tags 'mortgage fraud'.
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
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
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