HECM Reverse Mortgage Rules

HECM Reverse Mortgage Rules

HECM Reverse Mortgage Rules Allow Non-Borrower Spouses Of Reverse Mortgage Borrowers To Remain In The Home FHA announced changes to its HECM Reverse Mortgage rules two years ago. Yet, many people are unaware that these changes in the HECM program allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new […]

Straw buyer fraud

Straw Deal Scheme Mastermind Pleads Guilty

Accountant Cecil Sylvester Chester Used Fraudulent Loan Documents In $1.4 Million Straw Deal Scheme Accountant Cecil Sylvester Chester of Mitchellville, Maryland pleaded guilty today to charges arising from the fraudulent straw deal scheme involving seven properties in Baltimore. Chester used fraudulent loan documentation and straw purchasers, resulting in losses of over $1.7 million to mortgage lenders. […]

jpmorgan chase quits

JPMorgan Chase Quits Foreclosure Battle 90 Minutes Before Trial

JPMorgan Chase Quits 5 1/2 Year Foreclosure Case  I received some good news last week when I was getting ready to drive to Miami to testify at a foreclosure trial. My client’s attorney called to inform that JPMorgan Chase was throwing in the towel. JPMorgan Chase had filed a motion to voluntarily dismiss with prejudice […]

Mortgage Fraud

Mortgage Fraud Schemes Lands Woman In Prison

Carmen Johnson Sentenced To 57 Months In Prison Followed By Five Years Of Supervised Release For Mortgage Fraud    Carmen Johnson, 48, Gambrills, Maryland, was sentenced by U.S. District Judge George Jerrod Hazel to 57 months in prison followed by five years of supervised release for conspiracy, wire fraud and making a false statement on […]

SLS

This FHA Foreclosure Defense Strategy Stops Lenders In Their Tracks

Now An Ohio Legal Aid Firm Is Now Taking The FHA Foreclosure Defense Strategy To Another Level Most attorneys have been arguing what I call the “Paragraph 22” argument for a while. My argument refers to Paragraph 22 that appears in most standard mortgage agreements. Paragraph 22 basically says that the lender has to notify a […]

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