21

Apr

Feds Vow to Clean Up Housing Scams

by Derek Weeks - Denver Realtor
Published in: Mortgage Market in the News

Mortgage fraud has never been more prolific than it is today. According to a report issued in March by the Mortgage Asset Research Institute (MARI) and the Mortgage Bankers Association, is at its highest percentage ever, with Colorado being ranked in the top 10 of the MARI Fraud Index.

4

Dec

Colorado Real Estate Broker Prison Bound

by Derek Weeks - Denver Realtor
Published in: Random Rants

Arvin Stanley Weiss is heading to prison for 7 years for his part in a real estate and mortgage fraud case. He was also fined $853,000. between 1998 and 2002 he bought up dozens of low priced properties and then turned around and sold them to non-english speaking buyers for an inflated price. Now under [...]