Mortgage Fraud Blog - Displaying items by tag: Idaho

Woman Admits Lying in a Loan Application

Shawna Lea Pennington, 40, Caldwell, Idaho, pleaded guilty in U.S. District Court to bank fraud and bankruptcy fraud for making misrepresentations in a loan application and for failing to disclose creditors in her bankruptcy proceeding.

Sunday, March 04 2012 00:49

Law Firm Tries to Scam Homeowners

Corvus Law Group, LLC, Post Falls, Idaho, a law firm that files multi-plaintiff lawsuits against mortgage servicers, has agreed to change how it solicits clients in Idaho.

Thursday, January 05 2012 00:15

Beware of Get Rich Quick in Real Estate Seminars

Consumers are warned to be cautious in dealing with several enterprises offering seminars on how to "get rich quick" in real estate, which may include illegal practices such as equity skimming, preparation of false documents and pass-through escrows.

Thursday, September 01 2011 00:11

Mortgage Modification Scam Targets Spanish Speakers

Freedom Companies Marketing, Inc., Freedom Companies, Inc., Freedom Companies Lending, and Freedom Financial Mortgage (Freedom) have been targeting Spanish speaking Idaho homeowners with false promises of a government-guaranteed mortgage loan modification for a large upfront fee.

Thursday, August 25 2011 06:17

Another Firm Tries its Hand at Mass Joinder Lawsuits

Corvus Law Group is mailing ads to Idaho homeowners inviting them to join scam lawsuits against their mortgage lenders. The ads look like government forms and claim homeowners can get large principal reductions or other monetary relief if they join the lawsuit.

Friday, July 01 2011 01:11

Idaho Man Sued for Real Estate Ponzi Scheme

Louis C. Nardone III, doing business as Precision Marketing Group, has been sued for violations of the registration and fraud provisions of the Idaho Uniform Securities Act concerning a real estate investment scam. Nardone operated from Lake Mohegan, New York. The Complaint alleges that the Defendant obtained

Friday, May 06 2011 01:48

Man Sentenced for Providing False Information to a Financial Institution

Paul Redondo, 34, Meridian, Idaho, was sentenced in federal court to three years' probation, three months of home detention, and 80 hours of community service for misdemeanor theft from a financial institution. U.S. Magistrate Judge Ronald E. Bush also ordered Redondo to pay $101,459 in restitution.

Thursday, February 17 2011 08:01

2 Admit Mortgage Misrepresentations

Melody C. Redondo, 32, and Paul G. Redondo, 33, both of Meridian, Idaho, entered guilty pleas in U.S. District Court in Boise, Idaho. Melody Redondo pleaded guilty to making a false statement to a financial institution, a felony. Paul Redondo pleaded guilty to misdemeanor

Monday, February 22 2010 01:58

Million Dollar Judgment Obtained for Real Estate Fraud

Jeremiah Yancy, Idaho, has had a default judgement placed on him for violating provisions of the Idaho Uniform Securities Act, the Idaho Commodity Code and the Idaho Residential Mortgage Practices Act between 2006 and 2009. The findings were based on a 40-page complaint filed by the Department in July 2009. Yancy was permanently enjoined by the Court from engaging in future violations.

Tuesday, December 29 2009 01:05

Bankruptcy Fraud Led to Real Estate Fraud

Reed J. Bowen, Jr., 50, Meridian, Idaho, pled guilty to one count of bankruptcy fraud. Bowen admitted that in 2004, he committed a scheme to defraud his creditors and the bankruptcy trustee. Bowen disclosed in bankruptcy that he had only a lease on his Meridian,

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Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.
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