Tag archives for Real Estate 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: Real Estate Agents Gets 8 Months in Federal Prison for Short Sale Fraud

Although she did not falsify documents or engage in fraudulent appraisals, Anna McElaney, a Norwalk real estate agents, will spend eight months in a federal prison and the following three years under supervised release due to her involvement in a fraudulent short sale transaction. McElaney and another real estate agent, Sergio Natera, placed “low-ball” offers on bank-owned properties, then failed Read full article »

Massachusetts AG Ramping Up Attack on MERS

Martha Coakley, Massachusetts attorney general, is taking on the Mortgage Electronic Registration System (MERS) in order to determine whether or not the lender-created company is guilty of foreclosure fraud. “We are currently investigating creditor misconduct in connection with unlawful foreclosures… false or misleading documents with registries in the Commonwealth,” Coakley announced via a letter to the Massachusetts Register of Deeds Read full article »

Real Estate Fraud Case Could Set Precedent for Right to Encryption

In a court of law, you have the right to remain silent rather than incriminate yourself. Thanks to a real estate fraud case being tried in a Colorado court right now, you may also have the right to refuse to open your emails for inspection. Ramona Fricosu, who is stands accused of participating in a mortgage scam, is currently fighting Read full article »

Real Estate Scam of the Day: Bid Rigging in California Counties

Eight real estate investors in Alameda and Contra Costa counties in California will face felony charges for bid rigging and mail fraud at public real estate foreclosure auctions. The investors had agreed prior to the auctions not to bid against each other to keep the prices on properties low. Later, they planned to have a private auction in which they 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.