Feds Roll Out More Mortgage Fraud Prosecutions

A press release from the U.S. Attorney’s Office: TWO ATTORNEYS AMONG FOUR DEFENDANTS INDICTED IN TWO SEPARATE MORTGAGE FRAUD SCHEMES INVOLVING SOUTH SIDE PROPERTIES CHICAGO — Two attorneys are among four defendants who have been indicted in two separate mortgage … Continue reading

922 Foreclosure Auctions in McHenry County in 2012 – Up 102%

The Woodstock Institute, based in Chicago, has analyzed mortgage foreclosures and foreclosure auctions in the metropolitan area and released the results. The number of real estate auctions in McHenry County doubled.  Most–90%–were purchased by the lender. The Woodstock Institute’s Spencer … Continue reading

U.S. Attorney Continues Crackdown on Mortgage Fraud, Millions in Forfeiture and Restitution

The U.S. Attorney’s Office continues to roll out press releases about enforcement actions. The latest is below: TWO CHICAGO LAWYERS AMONG FOUR DEFENDANTS SENTENCED TO PRISON FOR ROLES IN MULTI-MILLION DOLLAR MORTGAGE FRAUD SCHEME CHICAGO — Four defendants, including two … Continue reading

More Federal Mortgage Fraud Indictments – $16.2 Million This Time from 2005-8

A press release from the U.S. Attorney’s Office: ATTORNEY AMONG FOUR DEFENDANTS INDICTED IN ALLEGED $16.2 MILLION MORTGAGE FRAUD SCHEME INVOLVING AT LEAST 35 RESIDENTIAL LOANS CHICAGO — Four defendants — an attorney a loan originator a mortgage broker a … Continue reading

More Mortgage Scammers Get Indicted

A press release from the U.S. Attorney’s Office: THREE DEFENDANTS INDICTED IN ALLEGED $750,000 MORTGAGE FRAUD SCHEME INVOLVING THREE RESIDENCES IN CHICAGO CHICAGO — A Chicago area real estate investor, the president of a Colorado real estate financing company, and … Continue reading

Straw Buyers of Condos Targeted for $8.8 Million Mortgage Fraud by U.S. Attorney

A press release from the U.S. Attorney’s Office: SEVEN DEFENDANTS INDICTED IN ALLEGED $8.8 MILLION MORTGAGE FRAUD SCHEME INVOLVING 35 CONDOMINIUM LOANS IN CHICAGO CHICAGO — Seven defendants, including a Streamwood man who co-owned a Chicago condominium building and two … Continue reading

U.S. Attorney’s Financial Crimes Folks Strike Again in $10.5 Million Mortgage Case

Still another press release about legal action by Chicago’s U.S. Attorney’s Office against those who commit financial fraud: FIVE DEFENDANTS INDICTED IN ALLEGED $15.7 MILLION MORTGAGE FRAUD SCHEME TO HELP FINANCE FAILED NORTH SHORE DEVELOPMENT CHICAGO — Three partners in … Continue reading