Real Estate

Useful Resource: Questions to Ask Real Estate Loan Services to Avoid Scams

March 9, 2015
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Among other useful resources provided by the California Bureau of Real Estate is a consumer alert called Suggested Questions for Consumers to Ask of Those who Offer Real Estate and Home Loan Services: Helping You Avoid Becoming a Scam Victim.  Among the questions that the BRE suggests are […]

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Good News for Homebuyers – Mortgage Requirements Loosening

February 22, 2015
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The LA Times reported this weekend that lenders, like Wells Fargo, have begun loosening some of the restrictions which have stymied many would-be home buyers over the last several years.  The article, “Lenders begin easing requirements to get a mortgage,” can be found here.   The article cites […]

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OCWEN Agrees to $2.5 million Settlement for Failing to Provide Loan Information

February 13, 2015
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The Department of Business Oversight for the State of California issued a press release last month announcing a $2.5 million settlement for OCWEN’s failure to provide loan information for the DBO to assess compliance with California mortgage lending laws.  The press release can be found by […]

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Useful Resource: Quick Guide for Tenants Renting a Home

February 13, 2015
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Although mortgage fraud is harder since the financial crisis, many of those would-be crooks have moved on to the next real-estate related scam: Using all those vacant properties to rip-off renters by posting bogus craigslist adds and posing as the owners or property managers.  Fortunately […]

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Man Sentenced for Straw-Buyer Mortgage Fraud Scheme

February 11, 2015
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On January 23, 2015, Wasseem Shamoun was sentenced to 15 months in prison for his role in defrauding banks as part of a straw-buyer scheme.  The indictment alleged the scheme took place from approximately January 2006 through December 2008, so this prosecution falls within the DOJ’s […]

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