Tag: Mortgage fraud
Feds indict a few South Side mortgage fraudsters
The following is from a recent news release from the US Attorney's Office for the Northern District of Illinois, where you can read more of the go [...]
Phrase of the day – reverse staging
The Mortgage Fraud Blog is a great way to glimpse the endless creativity of our real estate criminal class.
One of yesterday's posts focused on [...]
Was there mortgage fraud at Vision on State?
According to Crain's Chicago Real Estate Daily, Guaranteed Rate Inc. has filed a federal court suit against developer Warren Barr and others alleg [...]
Mortgage fraudsters – 200 down, 20,000 to go
Late last week the US Attorney for the Northern District of Illinois announced the indictment of seven individuals on mortgage fraud charges. Acco [...]
Inflated claims about Illinois mortgage rescue scam enforcement
A hat tip to the Mortgage Fraud Blog for alerting us to a news release last month from Attorney General Lisa Madigan:
Attorney General Lisa Madigan [...]
Housing fraud on the rise
Ken Harney, a nationally syndicated real estate columnist, writes in the Daily Herald:
Could today’s seductive conditions in the housing market — s [...]
New North Lawndale listing at a mortgage fraudster’s condo
We've occasionally focused on mortgage fraud on Chicago's South Side, but the West Side has also had more than its share.
Today's new listings emai [...]
Is mortgage fraud still afoot in Englewood?
Back in early August the Feds announced (PDF) the indictment of fourteen individuals charged with engaging in mortgage fraud in the Englewood neig [...]
Reflections on visiting Chicago’s South Side
I've visited Chicago's South Side a dozen times during the past two months, and much of what I've seen is dispiriting.
There are large stretche [...]
Quote of the day – get crooked or get out
From this morning's e-mail:
I … did flips and short sales on the south side until early 2007. By then, the vast majority of flips had at least one [...]
Mortgage fraud? Nothing to see here!
I found the above campaign video via The Welles Park Bulldog, one of the 100s of sites whose feeds we monitor for our Chicago Real Estate News page. [...]
Quote of the day: Something still stinks in Back of the Yards
"There's no way any property in this neighbourhood should sell for that kind of money, even if it was in great condition."
- Emilio Carrasquillo of Ne [...]
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