Ask Experts Questions for FREE Help !
Ask
    lowedbeume's Avatar
    lowedbeume Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 5, 2010, 02:01 PM
    Just The Tip of The Mortgage,Foreclosure, and Bank Fraud Iceberg
    While contesting a fraudulent purchase of our property by an employee of a mortgage brokerage, and a subsequent mortgage in foreclosure, we discovered the mortgage broker also owned the title company and employeed the fake, unregistered notaries to commit real estate, mortgage, foreclosure, bank and bankruptcy fraud. Is the relationship between the three legal?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Dec 5, 2010, 03:51 PM

    It probably is not illegal for the broker to also own a title company. It would be unethical and possibly illegal if they requires that you use THEIR title company.

    It would certainly be illegal to knowingly employ notaries not properly licensed.

    Other than that what makes you think there is evidence of fraud? While it may be unethical for an employee of the brokerage to purchase property which the broker has brokered a mortgage for, I'm not sure its illegal depending on the circumstances.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Victim of Bank Fraud victimized by Bank [ 2 Answers ]

I live in Arizona. I received a summons & complaint from Hilco re a Wells FargoBank (WFB)debt. 2 weeks ago. March 27 2007 I am a victim of felony crimes that began when WFB designed and printed 'convenience checks' accessing my accounts, unbeknownst to me, and negotiated access to my accounts with...

Can I deduct mortgage interest from a US Bank Mortgage on a Mexico Home? [ 1 Answers ]

We own one home, and it's in Mexico. My wife lives there full time, and I commute to and from the States. We have a mortgage from a US bank in dollars for this home in Mexico. Can we deduct the interest payments for this home on our tax returns?

Mortgage foreclosure [ 1 Answers ]

OK, I have been renting a home for the past two years. The homeowner has filed bankruptcy and the case was granted for the first and second mortgage. Now the 2nd mortgagor has filed foreclosure for 14K. Will the second mortgage be able to have the house sold if the foreclosure is granted? The...

"Tip of the Iceberg" [ 2 Answers ]

I have to write an essay on the topic "Tip of the Iceberg," but I'm out of ideas. It's about a time when I was fooled by an appearance or something like that.. but I really recall anything like that, that was interesting. Any ideas?

Mortgage fraud [ 3 Answers ]

Is it fraud when a bank and mortgage co knowing the payment was misplace and cover up the error in which the mortgage has made and take a person home from them knowing they were wrong

View more questions Search