The Home Equity Theft Reporter: Miami Feds Pinch Four In Alleged Refinance Ripoff; Reverse Mtg Proceeds Illegally Diverted, Existing Liens Remain Unpaid; Some Seniors Face F’closure

In Douglas County, Georgia, WSB-TV Channel 2 reports: A man who told Channel 2 Action News that he could help anyone move into a foreclosed house and live for free, is now in jail. Roderick Walker filed an Affidavit of Adverse Possession for a $300,000 vacant home on Mackenzie Court in Douglas County, and has lived there for the past six months for free.

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The Home Equity theft reporter: miami feds Pinch Four In Alleged Refinance Ripoff; Reverse Mtg Proceeds Illegally Diverted, Existing Liens Remain Unpaid; Some Seniors Face F’closure

Miami Feds Pinch Four In Alleged Refinance Ripoff; Reverse Mtg Proceeds Illegally Diverted, Existing Liens Remain Unpaid; Some Seniors Face F’closure In Miami, Florida, The Miami Herald reports: Three South Florida mortgage professionals conspired with a Pittsburgh title agent to defraud senior citizens through a reverse mortgage scam, according to allegations unveiled Wednesday by U.S. Attorney Wifredo Ferrer.

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Egypt Lake-Leto FHA Loans Or, at least you couldn’t until the federal government took over Fannie Mae and Freddie Mac, and then asked mortgage lenders to refinance home loans that were up to 105 percent of the value of the. "When a buyer is getting an FHA loan, or even some conventional loans, they won’t be approved until that’s fixed."

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Miami Feds Pinch Four In Alleged Refinance Ripoff; Reverse Mtg Proceeds Illegally Diverted, Existing Liens Remain Unpaid; Some Seniors Face F’closure In Miami, Florida, The Miami Herald reports: Three South Florida mortgage professionals conspired with a Pittsburgh title agent to defraud senior citizens through a reverse mortgage scam.

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