Phoenix Real Estate-Phoenix Homes For Sale

Phoenix Real Estate-Phoenix Homes For Sale

Mortgage fraud arrests and crackdown strikes Phoenix

by Bob Stahl on June 18, 2010

in For Realty Professionals, Phoenix Housing Market, Phoenix Real Estate News, Real Estate Trends

Finally!  In cased you missed the article in today’s Arizona Republic, arrests and prosecution of those committing mortgage fraud are on the rise. Since the beginning of March, there have been 51 Arizona indictments with 13 convictions.

Meanwhile, a recent Businessweek article reported that a man from Henderson, Nev., was recently sentenced to 1-2.5 years in prison for “[inflating] victims’ incomes on loan applications and [misleading] customers with a guarantee that he could resolve pending foreclosures.” As a Certified Distress Property Expert, (CDPE), I am part of a group that is providing real solutions for homeowners in need.  We make sure sure that homeowners get the best resources and information to prevent them from becoming scam victims.  If you are having mortgage problems, visit my website myphoenixshortsale.com for some helpful information along with a dignified solution to foreclosure.

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