Mortgage

Mortgage

Department of Banking and Finance’s Order to Cease and Desist Issued to Quest Capital...

Atlanta, GA - September 1, 2011 - (RealEstateRama) -- On August 29, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Quest Capital Management, Inc. dba National Home Buyer's Alliance dba www.nhba.biz located at 15482 College Boulevard, Lenexa, Kansas 66219 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Quest Capital Management, Inc. dba National Home Buyer's Alliance dba www.nhba.biz engaged in residential mortgage brokering activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Mortgage...

Atlanta, GA - August 17, 2011 - (RealEstateRama) -- On August 16, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Mortgage Foreclosure Experts, LLC dba www.mortgageforeclosureexperts.org located at 1950 Old Cuthbert Road, Suite 1, Cherry Hill, New Jersey 08034 became final.

GoFightForeclosure.com Best Foreclosure Practice How-to Challenge Mortgage Note and Win

Atlanta, GA - August 12, 2011 - (RealEstateRama) -- GoFightForeclosure.com today announced how homeowners cheat foreclosure and beat the bank. Citing today homeowners have a major advantage to avoid foreclosures by using reckless bookkeeping as a foreclosure defense.

Department of Banking and Finance Enters into a Consent Order with Cornerstone Mortgage Company...

Atlanta, GA - July 26, 2011 - (RealEstateRama) -- On July 21, 2011, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Cornerstone Mortgage Company dba Brayden Capital Home Loans (“Cornerstone Mortgage”), License Number 21877, Nationwide Mortgage Licensing System Number 2258, located at 1177 West Loop South, Suite 200, Houston, Texas 77027, and its officers, Marcus Laird and Judith Belanger, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.The terms of the Cornerstone Mortgage Consent Order include the following:

Former Business Partners Plead Guilty to Racketeering for Fraudulently Profiting from the Sale of...

June 13, 2011 - (RealEstateRama) -- Former business partners Melvin Hullett and Antonio Lewis pled guilty yesterday in DeKalb County Superior Court to Racketeering, O.C.G.A. § 16-14-4(c), before Judge Courtney L. Johnson for their role in fraudulently profiting from the sale of a Clayton County home

Congressman David Scott Announces “Help for Homeowners Community Events”

Washington, DC - May 23, 2011 - (RealEstateRama) -- Congressman David Scott [GA-13], in partnership with the U.S. Departments of Treasury and Housing and Urban Development (HUD), will host the powerful two-day “Help for Homeowners Community Events” on Friday, June 17, 11am-7:30pm and Saturday, June 18, 9am-3pm. These events will take place at the Georgia International Convention Center in College Park.

Georgia Department of Banking and Finance Enforces Mortgage Loan Originator Licensing Requirement; Order to...

Atlanta, GA - May 13, 2011 - (RealEstateRama) -- On May 10, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Charles Lee Carter aka Bo Carter (NMLS# 204264) of Bogart, Georgia became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Charles Lee Carter aka Bo Carter engaged in mortgage loan origination activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002 despite the Final Order of Denial entered by the Department of his mortgage loan originator license application on July 1, 2010.

Department of Banking and Finance Revokes the Mortgage Broker’s License of BDK Mortgage &...

Atlanta, GA - April 8, 2011 - (RealEstateRama) --On April 6, 2011, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with BDK Mortgage & Investments, Inc. (“BDK Mortgage”), License Number 11800, Nationwide Mortgage Licensing System Number 166983, located at 201 Tallman Drive, Martinez, Georgia 30907 and its owners, Jackie H. Spires and James Spires, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.

Due To Recent Confusion: Lenox Financial Mortgage Corporation Headquartered In Irvine, CA Isn’t Affiliated...

Irvine, CA - April 8, 2011 - (RealEstateRama) -- Due to recent confusion President & CEO of the California based Lenox Financial Mortgage Corporation, Wesley Hoaglund, clarifies that there is no affiliation with the Atlanta, Georgia based Lenox Financial Mortgage, LLC.

Ten Individuals Indicted for Mortgage Fraud in Atlanta

March 25, 2011 - (RealEstateRama) -- A Fulton County Grand Jury returned multiple Residential Mortgage Fraud indictments against ten individuals for their roles in perpetuating mortgage fraud in south Atlanta.

Georgia Department of Banking and Finance’s Order to Cease and Desist Issued to Lenox...

Atlanta, GA - March 23, 2011 - (RealEstateRama) -- On March 21, 2011, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Lenox Financial Mortgage, LLC dba www.lenoxfinancial.com dba Technology and Workflow Management Corporation located at 6 Piedmont Center, Suite 500, 3525 Piedmont Center, Atlanta, Georgia 30305 became final.This Order to Cease and Desist was issued by the Department after it obtained evidence that Lenox Financial Mortgage, LLC dba www.lenoxfinancial.com dba Technology and Workflow Management Corporation engaged in residential mortgage brokering/lending activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

Three Men Indicted for Elaborate Mortgage Fraud Scheme in Athens

March 16, 2011 - (RealEstateRama) -- A Clarke County Grand Jury returned a three count racketeering indictment yesterday against Brian C. Dupree, Marc Canty and Rashid Wilson for conspiring to commit theft by fraudulently inflating real estate values in an Athens subdivision development

Rep. John Lewis Defends Need for Mortgage Refinance and Forclosure Assistance

Washington D.C. - March 11, 2011 - (RealEstateRama) --Yesterday Rep. John Lewis spoke out on the floor to help save the American Dream for millions of families. Rep. John Lewis made this impassioned statement on the floor of the House yesterday in an effort to defeat this termination of support for people who need it the most. The U.S. House of Representatives was preparing to vote on the Emergency Mortgage Relief Program Termination Act (H.R. 836) and the FHA Refinance Program Termination Act (H.R. 830).

Foreclosure Fraud Bill Passes Out of House Committee; Attorney General Unveils Mortgage and Foreclosure...

March 1, 2011 - (RealEstateRama) -- Attorney General Sam Olens applauded today’s action by the House Judiciary (Non-Civil) Committee to recommend “Do Pass” on HB 237. HB 237, introduced by Representative Rich Golick, would prohibit misstatements with the intent to defraud during the foreclosure process. The bill would also give law enforcement, including the Attorney General, sufficient authority to investigate and prosecute violations

Rep. Brett Harrell Announces Taxation Legislation

ATLANTA, GA - February 23, 2011 - (RealEstateRama) -- State Representative Brett Harrell (R-Snellville) today announced the introduction of House Bill 291, legislation prohibiting nontax fees from appearing on property tax bills.

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Mayor Kasim Reed Advances $380 Million in New Transportation Infrastructure Spending...

Mayor Kasim Reed announced today that the Atlanta City Council has voted 13 to 1 to approve a measure to put a special local option sales tax (TSPLOST) referendum on the November ballot to fund transportation related infrastructure projects throughout the City of Atlanta. The ballot referendum will ask Atlanta voters to authorize a 0.4 percent sales tax increase for a five-year period. The TSPLOST is projected to generate approximately $260 million, which will be leveraged to generate additional matching funds.

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Georgia Real Estate Investor Sentenced to 16 Months in Prison for...

A real estate investor was sentenced to serve 16 months in jail for his role in a bid rigging conspiracy and bank fraud scheme involving public foreclosure auctions in Georgia, the Department of Justice announced yesterday.