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Mastermind of Illegal Flipping and equity skimming scam Sent to Prison. Stephen Mayer, 51, Miami, Florida, was convicted by a federal jury for his role as. Ringleader of Nationwide Foreclosure Rescue Scam Gets 35 year prison sentence. with Hirji's alleged theft of home equity in connection with a mortgage loan.
Bankrate’s home equity calculator helps you determine how much you might be able to borrow based on your credit score and your LTV, or loan-to-value ratio, which is the difference between what.
Big Short Trailer #2 Has Pitt, Gosling & Bale Taking on the Banks The Home Equity Theft Reporter: Florida AG Gets Guilty Plea In Statewide Mortgage Fraud / Home Improvement Scam The elderly and those who are delinquent on their mortgage payments are the most susceptible to mortgage fraud, but anyone can find themselves a victim. The following are several examples of fraud schemes that are.
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But, if you agree to a loan that's based on the equity you have in your home, you. Hidden Balloon Payments: A lender may offer to refinance your mortgage and. The Home Improvement Loan: A contractor offers to perform work on your home. Mortgage Servicing Abuses: After you get a mortgage, your loan and loan.
Maurice McDowall, who directed the daily operations of the scheme, and Aleksander Lipkin, a mortgage broker who coordinated the fraudulent loans, both pleaded guilty in Manhattan Federal Court Wednesday to one count of conspiracy to commit bank and wire fraud in a scheme that stole dozens of homes and racked up more than $20 million in home mortgages and equity loans.
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