California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud. *** AS OF NOVEMBER 2017, THE CALIFORNIA REAL ESTATE FRAUD REPORT IS 10 YEARS OLD! ***


JP Morgan Chase Suspending Foreclosures

JP Morgan Chase, holding not only its own but tens of thousands of loans from defunct Washington Mutual, fka WaMu, has suspended proceeding on more than 50,000 foreclosures pending a review of documents in the foreclosures. The bank has admitted that at times its employees signed affidavits with respect to loan documents without having reviewed the files.

GMAC was ordered last week by California Attorney General Jerry Brown to suspend its foreclosures if it could not comply with California state foreclosure laws. See the earlier article in the California Real Estate Fraud Report about GMAC.

August 2010 showed more foreclosures than any other month since the real estate market collapsed according to RealtyTrac Inc.

Read the press release issued by the Office of the Attorney General with respect to GMAC/Ally Financial.

Hot off the press: Attorney General Brown has sent JP Morgan Chase a similar letter as GMAC, ordering it to comply with state foreclosure laws or cease foreclosures. Read the press release here.

© Copyright 2007-2018 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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