Tag archives for Fraud

Real Estate Scam of the Day: Real Estate Talk-Show Hosts Charged with Fraud

Kenneth Powell and Kathryn Rose, former money matters radio show hosts who hosted weekly infomercial shows called “Academy of Real Estate,” “Money Intelligence” and “The Ken and Katie Show” on Ventura, California radio station KVTA have been arrested for real estate fraud. They, along with cohort Paul Lascola have been charged with “dozens of felonies” including fraudulent land deals and Read full article »

Real Estate Scam of the Day: False Priest Defrauds Real Estate Developers, Churches, Out of $2.7 Million

If a kind, gentle, elderly priest from Notre Dame offers you or your church the chance to improve the grounds of your house or your religious home all while making a positive impact on your community and donating to charity, then, unfortunately, you had better think twice before you get involved. Sadly, in the case of Byron “Father Barney” Canada, Read full article »

Identity Theft Makes California Foreclosure Scam Even Harder to Resolve

Even though the website and operations of a California foreclosure scam have been shut down for nearly a year and the perpetrator of the fraud will be spending a year in jail, one more innocent victim of the scam is still fending off legal notices, hearings and collections notices from lawyers. Why? Because when Nicolas Moscouplos of Sacramento set up Read full article »

GMAC Robo-Signer in Attorneys General Sights Across the Country

The attorney general of Connecticut has recently demanded that GMAC Mortgage/Ally Financial Inc. freeze all foreclosures in the state pending an investigation into defective foreclosure documents. Calling GMAC a “foreclosure steamroller,” Connecticut Attorney General Richard Blumenthal announced yesterday that all foreclosure actions on the part of GMAC would be halted until “the bank’s apparent failure to follow basic legal procedure” Read full article »

Rumor Mill: Is GMAC Stalling All Foreclosures?

Earlier this week, we reported on the GMAC/Ally “Robo-signer” who allegedly signed off on tens of thousands of inappropriate and even illegal foreclosures. In Connecticut, the state attorney general has already demanded that the lender freeze all foreclosures in the state pending his investigation, and similar moves in other states have sent rumors spiraling across the real estate investing market Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.