TV News LIES

Monday, Apr 24th

Last update05:20:13 AM GMT

You are here News Economy Think you've read the worst about foreclosures? Read this

Think you've read the worst about foreclosures? Read this

E-mail Print PDF

Foreclosure nightmareAll she wanted was $50,000 from the equity in her house to help pay the bills while looking for a job in nursing. What Imogene Hall got was a brutal lesson in the sometimes shady ways of the mortgage industry.

It's a lesson learned by untold numbers of homeowners in Florida, epicenter of the foreclosure crisis gripping the nation. "Everywhere I turn, someone else is scamming me,'' said Hall, a 49-year-old Jamaican immigrant who stands to lose her Miami Gardens home the Monday after Thanksgiving. "All I do is work hard, and I get surrounded by thieves.''

A review of court records found evidence of misconduct at nearly every stage of Hall's experience. Consider:

_ Johnson Cuffy, a former mortgage broker now serving an 11-year prison sentence for grand theft, handled Hall's refinancing in early 2006, using a strategy a state investigator described as ``outright mortgage fraud.'' He faces up to 30 more years in prison if convicted of 16 other mortgage fraud charges he's facing.

_ The title agent who signed the crucial deed transfers that Hall's fraud claim rests on operated an unlicensed title company that stole more than $1.5 million from South Florida home buyers during closing proceedings between 2005 and 2007, according to Florida Supreme Court records.

_ A man who listed his employer as a nonexistent Blockbuster Video store in New York somehow used Hall's home as collateral to secure a $230,000 loan from subprime lender Argent Mortgage.

More...


Most Recent Related Stories...


Data Dive: U.S. confidence in economy at lowest point since November: Gallup

US confidence in economy tumblesConfidence in the U.S. economy is at its lowest point in five months, Gallup reports.The polling...

Trump touts Charter hiring that was in works for two years

Charter hiring goes back two yearsU.S. President Donald Trump on Friday touted Charter Communications Inc's decision to invest $25 billion in...

US gained only 98,000 jobs in March, putting a chill on Trump's promises

Jobs report very disappointing in MarchThe US economy added just 98,000 jobs in March as a cold snap, a government hiring...

Fed hikes interest rates, signals two more increases for 2017

Interrest rates increaseThe Federal Reserve’s top policymaking body on Wednesday pulled the trigger on another increase in interest...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!