The owner of the West Virginia coal mine where an explosion killed 29 men last year kept two sets of books on safety conditions – an accurate one for itself and a sanitized one for the government.
In a reverse mortgage, you keep the title to your home. That means you are responsible for property taxes, insurance, utilities, fuel, maintenance, and other expenses. And, if you don’t pay your property taxes, keep homeowner’s insurance, or maintain your home, the lender might require you to repay your loan.
House Stealing The Latest Scam on the Block. 03/25/08. What do you get when you combine two popular rackets these days-identity theft and mortgage fraud? A totally new kind of crime: house stealing.. the true owners lost the title to their homes and the banks were out the money they had.
The final rule applies to loan originators, which are defined to include mortgage brokers, including mortgage broker companies that close. high-cost compliance is kept by the back office and double.
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This scam also involves identity theft. Fraudsters choose a house to steal and assume the owner’s identity. Using forms from office supply stores, they prepare documents to transfer the property. The scammers forge the owner’s signature on the forms and, using fake IDs, file a deed to the house with authorities. Multi-lien home equity frauds.
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Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
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After all, everyone gets very upset about bankers in bailed-out institutions. Despite such advice, Goldman promptly went back to work for the Greek government. Since last September, the bank played.
For American society as a whole, the prison-industrial complex has created a perverse incentive structure.bad laws drive out respect for good laws because there are just so many laws.
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