12 comments

• Comment Link Tuesday, June 07 2011 03:00 posted by Miami Title Company

  Fraudulent lending practices, including deceptive marketing, failure to fully disclose loan terms and qualifying people for loans who couldn't afford the terms.
• Comment Link Sunday, September 12 2010 08:36 posted by stefanie

  I was a victim of Charles Head who had a HUGE mortgage scam going. I contacted my local FBI in Philadelphia-they transferred my info to the FBI in Sacramento, CA. I never heard back from anyone, ever and only recently found out that Charles Head had been arrested because I received info from the IRS. I contacted the FBI in CA, the attorney general's office but NO ONE had the decency to ever respond to me.
• Comment Link Friday, November 28 2008 10:41 posted by john

  **For the previous post #9, please refer to post #10. The contact email on post 9 was a typo and will not go through.
  
  Does anybody have any information on Wayne Lee, former ceo of Ameriquest/Argent and Brenda K. Simon, vp of sales for the same co. This would be in regards to orange, ca. and specifically suspicious loan activity in the northern ca. region. Any information regarding this issue would be greatly appreciated.
• Comment Link Friday, November 28 2008 10:34 posted by john

  Does anybody have any information on Wayne Lee, former ceo of Ameriquest/Argent and Brenda K. Simon, vp of sales for the same co. This would be in regards to orange, ca. and specifically suspicious loan activity in the northern ca. region. Any information regarding this issue would be greatly appreciated.
• Comment Link Tuesday, May 13 2008 16:21 posted by robert tapia

  how do we report to them, we have a mortgage document auditing co and a lot of homeowners desperately need them NOW.
  661-794-6318
• Comment Link Friday, May 09 2008 21:09 posted by hendra

  What I would like to see is a law for all tile agancys to have a linanse in each and every state. This way the puplic would be protected.
• Comment Link Friday, May 09 2008 08:30 posted by Barbara

  In 2006 I purchased a property and the appraisal came in about 100K higher than the other properties in the tract were selling for. I questioned this with the lender and he said the appraisal was accurate. I should have questioned further because comps outside of the tract I bought were apparently used. (THE TRACT WAS ONLY 1 YEAR OLD AND NEW PROPERTIES WERE STILL BEING SOLD; THEY ALSO OPENED A NEW TRACT 1/4 MILE FROM OURS AS WELL) I had no knowledge of this at the time as I'm not an appraiser. The lender also told me my rate was going to be in the 6's but it is actually 9.9% adjustable and can adjust up to 15%. had 100% financing, $740,000 loan, and no second. Credit score at the time was in the mid to upper 6's. This lender made a GRIP of money on my loan. I've since gone back over all my paperwork after gaining a good knowledge base of how lenders and loans work. I'm floored that this loan was actually processed and funded. We did stated income and I produced copies of all my bank statements for the proof of income. At the time income was great. I've now had to file a Chapter 7 and the arrearages on the loan are $98,000 and growing. Current market value of my model is $469,900.00 based on short sale comps in my tract.
  
  Do I have any recourse against the appraiser and lender?
• Comment Link Monday, April 21 2008 00:00 posted by Ellie

  Has anyone else had problems with First American Title Company? Their agents seem to act as 'unbiased professionals' closing loans, not through escrow. I received defective Title deeds, and the notes to secure money owed me were unrecordable, and First American Corporate says they have no responsibility for agent misconduct?
  Except when I issued a complaint I was asked to sign documents saying the transaction was valid.
  The 'agent' claimed she was only acting as a notary, yet she signed as escrow officer and we were in her office over an hour. The same 'agent' acted in other transactions. My property was taken without paying me. It couldn't have happened without her help. Any comments would be appreciated.
  Ellie
• Comment Link Wednesday, April 02 2008 02:28 posted by hendra

  Is there a task force in NY?
• Comment Link Saturday, March 29 2008 21:19 posted by abc

  Alleged real estate scammer arraigned
  LIVERMORE: Woman hit with eight felony counts after duping homeowners who still wound up in foreclosure
  By Sophia Kazmi
  STAFF WRITER
  
  Article Launched: 03/28/2008 03:03:14 AM PDT
  
  
  One of two women accused of scamming East Bay homeowners facing foreclosure was arraigned in a Hayward courtroom on Thursday.
  Verena Silva, 42, of Union City was charged with eight felony counts, ranging from first-degree burglary to attempting to defraud creditors. Superior Court Judge Gary Picetti referred Silva to the Public Defender's Office and ordered her back in court today to make her plea to the charges.
  
  The Alameda County District Attorney's office says the scam ran deep and victims included homeowners in Concord, Pleasanton, Berkeley and San Leandro. District Attorney investigators spent six months investigating the Livermore-based Community Home Savers Program, the company for which Silva worked.
  
  Sonia Alburez, 37, of Pleasanton, is the business owner. She is scheduled for arraignment Tuesday and faces 27 related felony charges.
  
  Reports in court files show the district attorney believes more than 100 properties in Alameda County could be involved.
  
  Homeowner Alan Grigas, of Oakley said Thursday that he and his wife went to the Home Savers Program after they received a letter in the mail addressed to them and marked "urgent." Facing foreclosure on their home of 20 years, they decided to work with Alburez.
  
  "We're trying to get out of the house mess and we got a little bit desperate," he said. He said they were told to go the Contra Costa County Recorder's Office and transfer some of the property interest to some holding companies. The couple
  
  
  --------------------------------------------------------------------------------
  
  Advertisement
  
  --------------------------------------------------------------------------------
  had already paid out $500 and Grigas said he was getting ready to pay the two women again when he read about their arrest in the Times. Grigas said he is now working with the district attorney.
  "I was busting my you-know-what to pay her to save our house," he said.
  
  According to court documents, Silva and her boss, Alburez, trolled county recorder offices for the names of owners facing foreclosure and sent them letters. The mailers would tell potential customers that their could help stall the process.
  
  According to court records, in one case, Silva visited a San Leandro family and told them the program was put in place by the president to help homeowners facing foreclosure keep their homes. Silva also told the family they would not have to pay mortgage or taxes for up to two years.
  
  Victims were told to process grant deeds and to pay the Livermore company $1,500 to $2,000 upfront and a monthly fee of $1,500 to $2,000 so they could stall the foreclosure process as well as help pay down the mortgage and repair their credit, said David Lim, the prosecutor handling this case.
  
  The women would tell clients to transfer a portion of the interest in their properties to various holding companies. They were told those companies would file a petition with the U.S. Bankruptcy Court to forestall foreclosure.
  
  "In reality, (the companies) don't have any assets and the bankruptcy petitions were fake," Lim said.
  
  The banks would then file motions to get back the property, and they would win because no one from the "holding companies" would show up to court and the banks would continue the foreclosure.
  
  The victims would then would be out of a house and thousands of dollars. The district attorney's office contends the women knew that would be the result.
  
  Lim said Silva and Alburez may have been making as much a $178,000 a month based on monthly fees and the number of properties involved.
  
  When the San Leandro family, who paid about $4,000 in fees, found out they had lost their home anyway, they went back to the women to complain. They were given $900 back.
  
  Reach Sophia Kazmi at 925-847-2122 or skazmi@bayareanewsgroup.com.