Orange County Attorney And Real Estate Agent Coviceted For $8Million Mortgage Fraud

Here is an article that may help you to be aware about real estate deals. Recently, the Orange County Attorney And Real Estate Agent Coviceted For $8Million Mortgage Fraud and now serving their sentence to the jail.

From Imperial Valley News.

Sbulk reo propertiesan Diego, California – United States Attorney Laura E. Duffy announced that after a one-week trial, a federal jury in San Diego convicted Carlsbad real estate agent Aida Agusti Castro and her son, Orange County attorney Stephen Kenneth Chrysler, of multiple counts of wire fraud for their roles in an $8 million mortgage fraud scheme involving 16 separate homes in Oceanside, Escondido, San Marcos, Lakeside, and Menifee.

After the jury returned its verdict, United States District Court Judge Jeffrey T. Miller remanded both defendants into federal custody pending their sentencing, which is currently scheduled for July 30, 2012 at 9:00 a.m.

Stephen K. Chrysler, an attorney and loan broker licensed with the California State Bar and California Department of Real Estate, was the owner and CEO of SKC Real Estate in Carlsbad, California. His mother, Aida Agusti Castro, was a licensed salesperson with the California Department of Real Estate, an officer of SKC Real Estate, and worked as a real estate agent for the company. Evidence at trial proved that between 2005 and 2007, the two defendants created 30 separate false loan applications, along with other fraudulent supporting documents, that they submitted to mortgage lenders in order to obtain over $8 million in mortgages to unqualified borrowers, including:

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It is indeed a big bust after the Orange County Attorney And Real Estate Agent Coviceted For $8Million Mortgage Fraud just few days ago. With this article, hope that this will serve as a warning to everyone who are planning to engage in the real estate industry.

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Foreclosures Up 8.6 % In St Louis

Is it a bad or good news if you hear the news about Foreclosures Up 8.6 % In St Louis these days? When this kind of news comes out in the media, there are tendencies that many of the investors and buyers may ought to have second thoughts in real estate deals.

From St. Louis Today.

bulk reo propertiesHome foreclosures are picking up again in St. Louis, although the rate remains below the levels of a year ago.

Figures from RealtyTrac show that 4,841 homes were in some stage of foreclosure in the first quarter of this year. Homeowners were either declared in default, or their homes were scheduled for auction, or already in the bank’s hands.

That’s up 8.6 percent from last fall, indicating that banks are getting more aggressive at taking back homes, after dealing with last year’s scandals over faked legal documents in foreclosure cases.

“They’re more confident that their paper work will pass muster, so they’re going ahead and foreclosing,” says Karen Wallensak, director of Catholic Charities Housing Resource Center, which counsels people behind on their mortgage payments. “Some people have been hanging on for a year, not making their mortgage payments, but not being asked to leave.”

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If you heard about Foreclosures Up 8.6 % In St Louis then you should also take time to read related articles about real estate matters if you are looking to buy for a new home or invest you money in real estate. You can also leave a comment below this post to start a discussion.

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Foreclosure Rehabbing – A Great Way To Add Value To Bulk REO Homes

One of the secrets of creating better deals when it comes to selling a house is something related to Foreclosure Rehabbing – A Great Way To Add Value To Bulk REO Homes and surely this can be an awesome idea. Aside from this technique, there are still other methods that you can use to be able to gain more sales.

From AoL Real Estate.

bulk reo propertiesThe foreclosure crisis, which has caused around 4 million people to lose their homes, has wreaked havoc on many neighborhoods. Foreclosed homes drag down property values when they swell the housing supply and sell at below-market rates. These bank-owned homes also can erode the character of communities by attracting all manner of blight as they sit unoccupied.

The foreclosure scourge is especially acute in minority neighborhoods, according to a recent report by the National Fair Housing Alliance, which found that banks take much better care of their foreclosed properties in predominantly white neighborhoods than those in minority communities.

Some nonprofits are taking robust measures to combat the epidemic of foreclosures, also known as REO (for “real estate owned”) homes. Three of them, Rebuilding Together, NeighborWorks America and the National Community Stabilization Trust, recently announced a new partnership designed to ramp up efforts to revitalize clusters of bank-owned foreclosures, highlighting what appears to be a growing focus on maintenance as a means to mend the housing market.

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We all know that there are many citizens looking for a new home. For real estate investors, try to consider Foreclosure Rehabbing – A Great Way To Add Value To Bulk REO Homes as one of your marketing strategies. You can be one of the successful real estate brokers if you try this kind of method.

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Quick And Easy Ways To Get Target Banks With Bulk REOs

Take this opportunity to learn the Quick And Easy Ways To Get Target Banks With Bulk REOs without spending money for consultancy. All you need to do is to be resourceful and knowing the latest trends about real estate industry.

From Creative Wealth Club.

bulk reosWith all the bank reo property that banks are trying to unload these days, there are ways to position your marketing and investing to pick them up in BULK.

That could mean picking up 2–5 Bank REOs in a package deal…

Or it could mean 5–25 houses or more.

It just depends on the lender and the relationship you have with them.

Generally speaking, as a smaller investor I’m not suggesting you go to Bank of America trying to get them to sell you bulk reo packages.

However it’s important to realize that not all lenders are created equally…

In other words there are lenders that fit into different niches. B of A would be a large lender obviously.

But what about the small to middle sized lenders.

These would be more local and regional lenders.

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If you are already familiar with the Quick And Easy Ways To Get Target Banks With Bulk REOs then you will not find any difficulties in finding the right home for you. Try to read more related articles that has something to with bulk reo homes and surely you will find success in the future.

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Some Bulk REOs In Florida For Your Review

You should consider to read recent articles in the real estate magazines or in the internet about the latest trends and updates in the real estate industry when planning to buy for a new home. Here are Some Bulk REOs In Florida For Your Review that you might be interested at.

From the Bulk REO Florida.

Bulk REO Homes1143 S Loop Blvd, Lehigh Acres

PROPERTY DETAILS

Price: $23,900
Address: 1143 S. Loop Blvd
City: Lehigh Acres
State: FL
ZIP: 33936
MLS #:
Square Feet: 812
Bedrooms: 2
Bathrooms: 1
Basement:

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If you are able to read and learn about the real estate latest news then you will not find difficulties in find the right home for you. Take note that there are Some Bulk REOs In Florida For Your Review for you to able to get the information you need to learn.

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Number Of Walk In Buyers Increasing

Learning the best timing when to buy for a new home is a good idea. It is ideal if you are to know if there is a news about the Number Of Walk In Buyers Increasing in different media publication like the television or the newspaper. This perhaps can give you the information you need to know prior to buy for a new home.

From UPI.com

Bulk Reo homesAttracted by super affordable prices, buyer walk-in traffic is up and tons of prospective homebuyers are kicking tires across the nation during this spring sales season. Inventories are at record lows, which should strengthen prices if you believe in supply and demand. So why are sales plummeting and prices not rising as hoped?

NAR reported Friday that existing home sales are down 2.1 percent from last month, not necessarily a big deal until you realize those are March numbers when sales are supposed to rise. Prices, however, are not doing what is expected of them. The Campbell/Inside Mortgage Finance HousingPulse Tracking Survey says they are falling just when optimists had hoped spring sales would boost the housing economy into the black and begin the long awaited recovery. NAR had March prices up 2.5 percent over a year ago.

According to the Campbell survey, home prices for non-distressed properties fell 5.7 percent from March 2011 to March 2012. Prices for damaged REOs fell 5.7 percent and for move-in ready REOs, prices fell 2.5 percent during the same one-year period. And for short sales, prices fell 14.3 percent, year-over-year. The total share of distressed properties in the housing market in March, as represented by the HousingPulse Distressed Property Index (DPI), was 47.7 percent, using a three-month moving average. This was the 25th month in a row that the DPI has been above 40 percent.

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With the news that Number Of Walk In Buyers Increasing in the market today, you may have a good timing to buy your new home. All you need to remember is to always be careful and you must study carefully about the home you are going to buy.

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Central Virginia Home Sales Up 9.2 Percent While Many Other Areas Still Declining

Based on the latest real estate report, there is an increasing demand for housing. It was been reported that Central Virginia Home Sales Up 9.2 Percent While Many Other Areas Still Declining and this is already trending. With this useful information perhaps you will have an idea about how to deal properly on your real estate purchase.

From The Daily Progress.

buy bulk reo propertiesThat’s better!

Home sales in Central Virginia were up 9.2 percent in the first quarter, versus the same quarter in 2011. Might this be the start of a sustainable trend? We should hope so, because a healthier housing market signals general economic health, especially in this region. Home sales and housing construction send positive economic ripples out in every direction. Into home furnishings. Into the construction sector. Into landscaping. It’s a healthy list.

Affordability continues to improve overall as well. Both the average sales price (down 7.5 percent year over year) and the median sales prices (down 2.7 percent) are trending lower. The median price did climb a bit in the individual month of March, perhaps another reflection of an increasingly healthy market.

Other good signs from the Q1 market summary of the Charlottesville Area Association of Realtors:

- The inventory of homes for sale is declining. For months on end, real estate pros have observed that the glut of homes for sale has resulted in an unbalanced market. Good for choosy buyers (few as they may have been), but not so hot for sellers.

- Foreclosures and short sales were down 29.8 percent at the end of the quarter, compared to the end of Q1 in 2011.

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Now that you have learned about real estate venture, you surely have the idea what and when to buy for your own home. According to Central Virginia Home Sales Up 9.2 Percent While Many Other Areas Still Declining, this should be a signal that there is a good demand in the real estate industry.

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A Housing Shortage Problem In The Bay Area

There is a need for you to understand about real estate deals when you plan to buy for a new home. There is A Housing Shortage Problem In The Bay Area according to the latest news.

From Mercury News.

bulk reo homesThe Bay Area is seeing more improvement than other markets nationwide, but its lack of inventory is a problem, according to Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area. Turley recently told Silicon Valley agents they need to educate their clients about the real story behind their local markets.
“We have a dearth of listings everywhere. Inventory is the lowest it’s been in four to five years in every county,” Turley told members of the Silicon Valley Association of Realtors.
Turley said the market is heating up but hampered by very low inventory, which have resulted in numerous multiple offers. Places like San Francisco have a mere three months supply of inventory. A healthy market has at least four to six months supply of inventory, said Turley.
“Inventory is what is going to put a cap on what we do this year,” said Turley.
Turley also observed that the Facebook factor and improved employment picture in Silicon Valley has led to a shift in buying patterns of San Francisco’s younger buyers, who now prefer properties in the Mission District, Potrero Hill areas, places that are closer to their employers in the valley.

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If the latest news says that there is A Housing Shortage Problem In The Bay Area then this should be given attention immediately. The government must have to do something right away to solve this problem.

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Short Sales Good For Flushing Debt Out Of The Market

The latest news on real estate and finance says that Short Sales Good For Flushing Debt Out Of The Market. This is according to the Main Street post and this could be a good opportunity for those who are looking forward to buy a new home.

From Main Street.

bulk reo homesA new report out by Fitch Ratings says that short sales, long dreaded by borrowers while much maligned by realtors and lenders, may have a big impact in getting the U.S. real estate market back on its wobbly feet.

The report says short sales of U.S. residential homes is “gaining momentum”.
Short sales are triggered when a piece of real estate – usually a residential home – is worth less than the amount owed on the mortgage. Short sales occur when the borrower and lender agree that selling the home at a loss is better than having the property fall into foreclosure.

The Fitch report says that short sales should pick up speed after a recent Federal Housing Finance Agency proposal to speed up the short sale process (which can take weeks or months longer than a normal home sale, thanks mainly to foot-dragging from reluctant lenders).

That ruling seems to be paying dividends, as Lender Processing Services reports that in January, short sales actually outpaced foreclosures for the first time ever. Taking properties off the market via short sale is highly preferable to having them in foreclosure, which can drive down neighborhood homes values and potentially ruin the homeowner’s credit.

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It is indeed a good sign to see if Short Sales Good For Flushing Debt Out Of The Market. This means to say that the economy is getting better.

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More And More Short Sales With Lower Prices

This is the right moment for you if you are looking forward to buy for a new house because More And More Short Sales With Lower Prices. With this good news, you can be able to find the best home for your family.

From USA Today.

bulk reo propertiesShort sales outnumbered foreclosure sales in 12 states in January, indicating that more homeowners are finding an easier way out of a distressed home loan.

Short sales — which occur when a lender agrees to a home sale for less than what’s owed — were up 33% in January year-over-year, and preliminary February numbers also look strong, according to market researcher RealtyTrac.

Its data underscore lenders’ increased willingness to do short sales, which tend to harm neighborhoods less than foreclosures. Homeowners also may regain eligibility for a new mortgage sooner than those who go through foreclosure.

More short sales “is mostly a good thing,” says Ira Rheingold, of the National Association of Consumer Advocates. One concern is that homeowners may have to short sell after being denied loan modifications that would have enabled them to stay in homes, he says.

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You should take the chance in finding what is best for you since More And More Short Sales With Lower Prices. Take a little time to leave a comment related on this post and let other readers learn more about the topic.

INVESTORS-- If you want to Get Started Fast and Buy Properties at Deep Deep Discounts, Check out this short video on how you can Get Started NOW with Bulk REO Investing >> CLICK HERE NOW << --You will like the results.
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