Imagine you are the bank where an empty lot is written up as a $500,000 two family home transaction, and you end up holding on to over-valued nonexistent property and mortgage contracts. These are the types of fraudulent transaction shams major banks were taken for over a period of 4 years.
Manhattan DA Charges 25 in $100 Million Mortgage Fraud
July 9th, 2009
Mortgage Fraud Rampant in Ohio
July 8th, 2009
Ohio is one of the top states for mortgage fraud as indicate in an FBI report. Honest good old Mid Western State of Ohio is caught in the mix of fraudulent mortgages that is rampant in coastal states California and Florida.
It shows that when easy money is involved, everyone is involved.
http://www.bizjournals.com/dayton/stories/2009/07/06/daily34.html
Ohio is one of the top states for mortgage fraud as indicate in an FBI report. Honest good old Mid Western State of Ohio is caught in the mix of fraudulent mortgages that is rampant in coastal states California and Florida.
It shows that when easy money is involved, everyone is involved.
http://www.bizjournals.com/dayton/stories/2009/07/06/daily34.html
Ohio Home Sales Improve
July 8th, 2009
Home sales in Akron Ohio has improved 3.1% compared to a year ago. Foreclosures also have seen signs of slowing down as this type of housing inventory are diminishing and taken off the market by buyers.
http://www.usatoday.com/money/economy/housing/closetohome/2009-07-06-akron-ohio-home-market_N.htm
Home sales in Akron Ohio has improved 3.1% compared to a year ago. Foreclosures also have seen signs of slowing down as this type of housing inventory are diminishing and taken off the market by buyers.
http://www.usatoday.com/money/economy/housing/closetohome/2009-07-06-akron-ohio-home-market_N.htm
Denver Housing Market Rebounding
July 8th, 2009
Although the overall housing market numbers are lower than the previous years figures, the month to month figures have shown signs of a rebound that appears to be returning to normalcy.
http://www.bizjournals.com/denver/stories/2009/07/06/daily29.html
Although the overall housing market numbers are lower than the previous years figures, the month to month figures have shown signs of a rebound that appears to be returning to normalcy.
http://www.bizjournals.com/denver/stories/2009/07/06/daily29.html
Decline of Dallas Fort Worth Home Sales and Starts
July 8th, 2009
Home sales in the Dallas Fort Worth declined 40% compared to the same quarter last year. Housing starts fell 50%. Home builders and home buyers are still a little spooked by unstable falling home prices.
http://www.dallasnews.com/sharedcontent/dws/bus/stories/070809dnbusdfwnewhomesales.19d20e48.html
Home sales in the Dallas Fort Worth declined 40% compared to the same quarter last year. Housing starts fell 50%. Home builders and home buyers are still a little spooked by unstable falling home prices.
http://www.dallasnews.com/sharedcontent/dws/bus/stories/070809dnbusdfwnewhomesales.19d20e48.html
