FBI Reports Nevada Highest Among Loan Modification Fraud

Here, is the latest report about Nevada as one of the highest state in reference to loan and other mortgage frauds

http://www.fbi.gov/publications/fraud/mortgage_fraud08.htm

Loan Fraud Companies Sued

We hear the loan fraud companies scamming homeowners. Now, this include loan modfication companies including their attorney. Here is the link.

http://www.mortgagefraudblog.com/ee-assets/my-uploads/UnitedFirstComplaint.pdf

Investors, real estate professionals sued for fraud in Arizona

Here, is an interesting lawsuit filed in Arizona against investors, brokers and lenders.

http://www.mortgagefraudblog.com/ee-assets/my-uploads/Arizona%20Investments%20Complaint.pdf

Both Banks and Servicers are still resisting and creating lots of hurdles for the homeonwers desperate to get loan modifications to save their homes. Here, is an excellent article published by NY Times.

http://www.nytimes.com/2009/07/11/business/11nocera.html?8dpc

Servicers Still Resisting Loan Modifications

Homeowners are still facing lots of resistance and sometime total lack of cooperation from both their lenders and servicers. It was the hope of all of us that the servicers and lenders would pick up the pace after the Obama Plan, but unfortunately, it is not the case. The laziness and lack of coperations from both of them is still on going increasing both the frustration level as well as the rate of foreclosures throughout USA.
Here, it is the frontpage story from NY Times.

http://www.nytimes.com/2009/06/29/business/29loanmod.html