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Back dating mortgage documents fraud, criminal charges

And tonight, I am asking my Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. Back dating mortgage documents fraud is always the best to include a Securitization Audit with this educational process that proves the bank fraud by a 3rd party expert that will hold up in any United States of America court if completed by a competent auditor.

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As a result, there are many decisions with observations similar to this observation made by Judge Arthur M. This new unit will hold accountable those who broke the sierra demulder flirt poem, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans.

The New York law NY Penal Code, articlefor example, defines "residential mortgage fraud" as an intentional act that involves statements that contain materially false information or that conceal information for purposes of misleading another party.

This occurs where the borrower wishes to obtain a mortgage to acquire an investment propertybut states on the loan application that the borrower will occupy the property as the primary residence or as a second home.

Congratulations to Attorney General Schneiderman for setting this goal. When overstated, more money can be obtained by the borrower in the form of a cash-out refinanceby the seller in a purchase transaction, or by the organizers of a for-profit mortgage fraud scheme.

Third parties involved in the fraudulent transaction, such as mortgage brokers or appraisers,may also be liable for damages. In many states, two such Assignments were prepared and filed.

Such crimes commonly are prosecuted as wire fraudbank fraud and conspiracy federal statutes do not directly reference "mortgage fraud".

YOU gave it to them with your signature on the promissory note as a FREE LOAN, when they changed your promissory note into a check or money and put it in your Private Reserve checking account that only the lender knows about and waiting 3 years to claim your money as abandoned or lost funds after the lender or bank endorsed it, without your knowledge, authority, or consent!!!

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Can anyone prove me wrong??? A complex scheme involving multiple parties, including mortgage lending professionals, in a financially motivated attempt to defraud the lender of large sums of money.

Our services are designed to provide accurate information in regard to the subject matter covered. Civil Liability for Mortgage Fraud Those accused of committing mortgage fraud may also be held liable for monetary damages incurred by the lender.

Every day, tens of thousands of homeowners lose their battle to get local foreclosure judges to recognize that the documents presented by the banks and mortgage companies are fraudulent.

Types[ edit ] Occupancy fraud: As a result, the lender lends too much, and the buyer pockets the overage or splits it with other participants, including the seller or the real estate agent. When you are in foreclosure and going to lose your home if you do not take action or stuck with an underwater negative value home, we pull no punches helping you with mortgage Relief.

Please see the promissory note allonge or alteration with the arrows on the last mortgage promissory note page below and then you will know it is true also. Some states also have laws that address crimes related to mortgage fraud.

The blank mortgage assignments they possessed transferred nothing…in Massachusetts, a mortgage is a conveyance of land.

False documents were created to convince homeowners that mortgagebacked trusts owned their homes and had the legal right to foreclose. If you decide to use any of the information on this website you do so solely at your own discretion.

This proven promissory note process works in every State; Yes, even California! Save Tens or Hundreds of Thousands of dollars in both mortgage debt Principal and Interest with legal, educational mortgage debt relief rescue services.

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It is considered fraud because the borrower has materially misrepresented the risk to the lender to obtain more favorable loan terms. New York Attorney General Schneiderman and Delaware Attorney General Beau Biden have been among the most outspoken of those in law enforcement regarding the prosecution of crimes relating to mortgage securitization.

Mortgage Fraud - FindLaw

Every day, tens of thousands of homeowners lose their battle to get local foreclosure judges to recognize that the documents presented by the banks and mortgage companies are fraudulent. Borrower's identity is hidden through the use of a nominee, in whose name and credit history the loan application is made.

It is considered fraud because it allows the borrower to qualify for a loan which otherwise would not have been granted, or to qualify for a bigger loan than what would have been granted had the borrower's true debt been disclosed.

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We stress that we are not Attorneys nor accountants and do not give legal or accounting advice. Harris, Judge Arthur M.

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There are several State court cases under Mortgage Education that states the same. If you're being investigated for mortgage fraud, or any other crime, it's a good idea to contact a local criminal defense attorney to discus the facts of your case.

The Cut Off Date is the date on which all mortgage loans in the trust must be identified.

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Many issues regarding such Assignments were simply unresolved. In short, a final list of all of the mortgages in the bundle is set out.

Mortgage fraud

In many cases, the Specially-made Assignments are dated AFTER the foreclosure action has been initiated, making it appear that the Trust somehow magically knew prior to the assignment that it would acquire the defaulting property several months after the foreclosure action was initiated.

Fraudulent Supporting Loan Documentation: For thousands of homeowners, this realization has come too late. Furthermore, neither the author nor the publisher shall be liable for any damages, either directly or indirectly arising from the use or misuse of this service.