A press release from the U.S. Attorney’s Office: U.S. Attorney’s Office Charges Suburban Mortgage Brokers with Fraud for Allegedly Controlling Property Appraisals in Scheme to Defraud Lenders CHICAGO — The U.S. Attorney’s Office in Chicago has charged two suburban mortgage … Continue reading
Category Archives: Mortgage
With McHenry County being the 29th highest property taxed county in the nation, perhaps it would be useful to compare tax burdens of those with $300,000 homes in Illinois with those in Indiana and California. Mortgages are also compared below: … Continue reading
A press release from the U.S. Attorney’s Office: TEN DEFENDANTS INDICTED IN ALLEGED $14.5 MILLION MORTGAGE FRAUD SCHEME THAT RESULTED IN $8 MILLION LOSS TO LENDERS CHICAGO ― Ten defendants, including five licensed loan originators, were indicted for allegedly participating … Continue reading
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
A press release from the U.S. Attorney’s Office: EX-LOAN OFFICER SENTENCED TO 12½ YEARS IN PRISON FOR MORTAGE FRAUD SCHEME INVOLVING DOZENS OF SOUTH SIDE PROPERTIES CHICAGO — A former loan officer was sentenced today to more than 12½ years … Continue reading
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
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
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
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
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
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
If you want to understand how the mortgage mess kept on going. Here’s a paragraph written by a liberal that appeared in a Slate article. “These documents, from Clayton Holdings, a due diligence company retained by the banks, reveal that … Continue reading
A whole box of tears. I found them on the counter of Crystal Lake’s City Hall. A box full of legal papers foreclosing on the mortgages of local homes. I haven’t a clue why they are there for public viewing. … Continue reading
Read between the lines of this press release from the U.S. Attorney’s Office and let me know if you think indictments are forthcoming for those involved with this Kane County special tax district: SMALL WEST SUBURBAN WATER DISTRICT PLACED IN … Continue reading