Loss Mitigation Services Accused Of Fraud By Feds

Federal Prosecutors Accuse Loss Mitigation Services Of Defrauding HUD, Fannie Mae, and Freddie Mac The owners and co-founders of Loss Mitigation Services are accused of defrauding Fannie Mae, Freddie Mac, and HUD. Federal prosecutors allege the Massachusetts based short sale company defrauded government agencies on nearly 100 short sale transactions.  Loss Mitigation Services negotiates with lenders […]

short sales

Short Sales Are Not Home Sales To Dwarfs

Short Sales Are A Great Tool If You Don’t Listen To Realtors I hear horror story after horror story from homeowners about real estate agents giving them bad advice on loan modifications and short sales.  The main problem is that real estate agents are generally clueless about the modification and short sale process. Although, they are […]

IRS

Is The IRS Driving A Stake Into The Heart Of Homeowners?

IRS Is Figuring Out New Ways To Tax Homeowners On Short Sales And Mods This letter from Michael Montemurro at the IRS to California Senator Barbara Boxer dated several months ago is making it’s way around the internet and is causing a mixed reaction from various groups. This letter is kind of shocking. The IRS […]

Boomerang Buyers Return to Market After Foreclosure

Les Christie, CNNMoney Borrowers who lost homes to foreclosure during the housing bust are starting to buy again. Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2.2 million gave them up in short sales, according to RealtyTrac. While many are still struggling to recover financially, a growing number are starting […]

Former Adulterous MI AG To Defend RE Broker In Freddie Mac Fraud Case

Cox doesn’t expect charges against Elias Realty Short-sale customers caught in quagmire Karen Smith, Hometown Life Former state Attorney General Mike Cox, who represents the owner of the Livonia-based realty raided Wednesday by the FBI, said he expects no charges will be filed against his client because he hasn’t broken any laws. “I think it […]

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