Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us
O -
YouTube - Mortgage Squatting - CNN
Mortgage Squatting - CNN
3:20
With foreclosure looming and powerless to do little else, troubled homeowners tryi...
4 days ago 3,388 views consumerwarningnet
With foreclosure looming and powerless to do little else, troubled homeowners trying to hang onto their home are being advised to just stay in their homes despite foreclosure proceedings.
Quote 0 0
Squat
Bizarre signs come out as mystery pair move into upscale ... for whole article

The bizarre case unfolded Tuesday in a gated West Natomas neighborhood that boasts million-dollar homes and some of the city's most prominent residents –

At issue is a 3,361-square-foot home on Clubside Lane that sold in 2006 for $865,000, assessor's records show. Neighbors say the home has been on the market seven times since then and that the last owner moved out more than a year ago.

It's been vacant ever since.

That all changed over the weekend, when lights suddenly came on and a middle-aged couple started moving stuff in.

As the investigation continued, Wood learned that the home had been purchased at auction last Thursday by Aurora Loan Services Inc. of Littleton, Colo., and that Aurora did not know who Phillis Powers was or why someone was living in the home.

"They said the place should be empty," said police spokesman Norm Leong.

A bank spokeswoman referred calls to Aurora's parent company, Lehman Brothers Bank. (Aurora's Web site states that it is not part of the bankruptcy filing of Lehman Brothers Holding Inc.). A spokeswoman at Lehman Brothers Bank did not return a call.

Quote 0 0
Write a reply...