Tag archives for Real Estate Scam

Real Estate Scam of the Day: Mortgage Mod Fraudsters Fined, Banned

The Federal Trade Commission has settled with six defendants who charged distressed homeowners more than $4,000 a head to reduce mortgage payments via the “Obama Act.” The individuals were in no way associated with the government and were not offering a federally-approved or sponsored program and also did not have the affiliations with lenders and the government that they claimed Read full article »

Real Estate Scam of the Day: Vacant Homes Perfect for Long-Term Rental Scams

If you are considering renting a home, make sure that you are positive that property is truly up for rent. Con artists in Las Vegas, Nevada, are taking advantage of extremely slow foreclosure timelines and a plethora of vacant properties to stretch rental scams farther than ever before. It’s not new to advertise a house you don’t own on Craigslist, Read full article »

Minnesota Determined to be a Mortgage Fraud Hot Spot

According to the second quarter Mortgage Fraud Index released by MortgageDaily.com, Minnesota’s mortgage fraud index increased 27 percent from the first quarter of this year. MortgageDaily.com bases the index on criminal and civil cases in which defendants are accused of “trying to deceive real estate lenders into making credit decisions using fraudulent documentation or property appraisals with false values.” On Read full article »

$2 Million Squatter Arrested

If you are going to leave your $2 million home empty after your foreclosure, then there is a pretty good chance someone is going to try to move in. And with title and deed forgery on the rise, you may have some difficulty getting them out again, warn Raleigh, North Carolina police. In the most recent case of “go-big or Read full article »

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 »

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.