Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Wednesday, April 27, 2016
Foreclosure Rescue Scammer Cops Guilty Plea For Operating Loan Modification Racket That Swindled Ten Victims Out Of Nearly $60K
From the Office of the Nevada Attorney General:
Nevada Attorney General Adam Paul Laxalt announced that Benjamin Paul Narter, 36, of Las Vegas, pleaded guilty to one count of pattern of mortgage lending fraud, a category “B” felony. The fraud was committed between January 2013 and May 2014.
Narter operated a purported mortgage refinancing scheme doing business as “National Mortgage Help Center” to dupe consumers. He solicited victims who paid him thousands of dollars in upfront fees to obtain loan modifications on their behalf. Narter entered a guilty plea agreement that requires him to pay back 10 victims nearly $60,000.
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This case was jointly investigated by the Mortgage Fraud Unit of the Office of the Nevada Attorney General and the United States Postal Inspection Service. The Nevada Attorney General’s Fraud Unit prosecuted the case.
To view the criminal Information for Narter, click here.
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The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
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Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
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