Michael Richardson's Blog

Very Large Losses Are Forecast for Commercial Real Estate and expected to strongly affect some Community Banks and will the Housing Market be affected further by the fallout? Will this affect you if you are not an investor in commercial real estate or a banker? It could as the panel stated "a sig...

Florida Quality Council is having a membership drive, only $39.00 for 2010! Florida Quality Council Vision: The Florida Quality Council will be a voice for quality and awareness of fraud in the mortgage profession:advocating fairness to all lenders, support vendors and homeowners, promoting best ...

A California company providing loan modification services to homeowners facing foreclosure has been charged with charging consumers up-front fees in violation of Florida's Foreclosure Rescue Fraud Prevention Act. According to the Attorney General Bill McCollum's lawsuit, the corporation solicite...

It is important to note that institutions don't commit fraud, lenders don't commit fraud, companies don't commit fraud - people commit fraud. The president and owner of Homes for Sale by Owner, Inc., in Florida was sentenced to six years in prison after pleading guilty to a criminal racketeering ...

During the trial last summer a real estate appraiser was shown as a part of a wide-ranging and sophisticated scheme that obtained inflated mortgage loans on homes in some of California's most expensive neighborhoods, including Beverly Hills, Bel Air, Malibu, and more. The fraudsters created and s...

A self-employed tax preparer, banker, mortgage broker, interior designer , owner of a property management company and others called have been charged in participating in a mortgage fraud scheme to sell four high-end luxury properties to "straw buyers" were indicted.  An indictment is merely an ac...

Most people are aware of the three credit reporting agencies TransUnion, Equifax, and Experian. The average difference in scores between the highest and lowest of your three FICO scores is 60 points. This is the result of each of the credit bureaus having different items on their report, which ma...

  Credit Repair - Is it the right thing to do? Absolutely! If you have been turned down as a result of bad credit, have a higher interest rate on any Line of Credit, or if you are paying more for insurance than you should - you MUST take action! Here is the good news: YOU can do something about i...

"No Cost, No Pressure", 1st time home buyer seminar To be sure, there is not much good economic news these days. However, this is truly a unique time period for first-time homeowners. Home-ownership is more affordable because of the drop in home prices, the availability of short sales and REO pro...

Mortgage Fraud, let's not just talk about it this time, take action! By Michael S. Richardson - Author & Forensic Mortgage Fraud Expert michaelr@preventmortgagefraud.com www.preventmortgagefraud.com             Once a white-collar criminal gets away with fraud, the process quickly becomes addicti...