The official FBI.gov website contains a 2007 study on mortgage fraud schemes. The FBI explains how a perpetrator conspires with a property buyer to commit short sale fraud. The perpetrator of this scheme finds a buyer for a piece of property. The buyer obtains a 100 per cent loan, and if possible attempts to borrow [...]
October 2009
Bankruptcy lawyers see our clients when things are pretty rotten in your life. You’ve got these awful overdue bills, the debt collectors are hounding you day and night, and your personal life feels like it’s in shambles. You can’t sleep, you’re fighting with your spouse over the pile of bills on the kitchen table, and life [...]
The US Supreme Court plans to hear oral argument on several important bankruptcy cases in its 2009/10 term. One case, Milavetz Gallop v. U. S., deals with the relationship between bankruptcy lawyers and their clients. The case of U. S. Student Aid Funds v. Espinosa will determine what type of procedural steps must be taken [...]
The 2007 FBI Mortgage Fraud Report, appears on the official United States government FBI website. This report details, in four illustrated steps, how an illegal property flipping scheme works. First, a property flipper buys a house for a low price, in this case $20,000. Next, the flipper purchases a fraudulent appraisal of the property for [...]
