Florida Leads Nation in Mortgage Fraud

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Wells Fargo, the nation's biggest mortgage servicer, appears to have set.. would lead to my testimony that the servicer was committing fraud?

 · At the state level, Florida ranked second for the greatest year-over-year decline in fraud risk (-6.7 percent). “This is a deviation from the norm, as Florida has historically exhibited a relatively greater concentration of fraud risk due to some characteristics of the Florida housing market. Florida tends to have a higher percentage of investor-owned properties, which have a higher propensity for.

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In the first quarter of 2011, suspicions of mortgage fraud. for fraud, which in turn can lead to increased foreclosures. Nevada, Florida and California states with the highest foreclosure rates.

11 Indicted on Mortgage Fraud, ID Theft Charges U.S. Department of Justice Miami, FL November 21, 2006. United States Attorney Southern District of Florida 305-961-9000 "Operation Whose House" Leads To Mortgage Fraud And Identity Theft Ring Indictment

Foreclosure Pipeline Gradually Being Cleaned Out When the oil/gas industry tanked in the 1980’s, I started my own business cleaning foreclosed-on houses. I went to different banks/realtors and offered to clean their vacant houses for a dirt-cheap rate. Once they saw what a good job I did and how hard/long I worked, I had more work than I could handle and was able to raise my rates.

An investigation may also lead to additional charges of bankruptcy fraud or tax fraud. Although unscrupulous mortgage brokers, appraisers, real estate attorneys and other real estate professionals tend to be the ones targeted by investigations, home buyers are sometimes arrested for providing inaccurate information.

After Trump’s comments last week, a controversy once contained to Florida spread from coast to coast. “Rick Scott’s Company Committed Historic Medicare Fraud. He Will Now Lead Trump’s. on CBS’ Face.

Mortgage Fraud Problems in Southern Florida From Reuters : “But Doug Dewitt, a real estate broker contracted to work with several lenders on the valuation and disposal of foreclosed properties, said nearly 70 percent of the sales or closings at the Club over the last 18 months were questionable.

Florida leads the nation in both fraud and identify theft complaints per resident, the federal trade commission says today. The metro area including Miami, Ft. Lauderdale and West Palm Beach tops the country with 316.2 ID theft complaints per 100,000 people, leaving No. 2 Seattle (207) and No. 3. St. Louis (204.4) far behind.

Moody also mentioned fighting fraud – including scams aimed at seniors, identity theft and post-hurricane ripoffs – as a top priority. "This is the type of thing that an attorney general can really.