appraiser

Does anyone here on AR know of a good FHA appraiser in Highlands County, Florida? (Sebring / Avon Park area)  If so, would you please send me a direct email with info. (rather than posting comments here, thanks!!) Thank you very much in advance for help! =============================================================================== Title companies & mortgage brokers, help your borro

Jay Riccardi, Toledo, Ohio, the remaining defendant in a civil suit by Mortgage Lenders Network USA Inc., Middletown, Connecticut, failed to answer, plead or otherwise respond to the Amended Complaint. The Court therefore ordered judgment against him in the amount of $97,662.21.  The judgment compensated Mortgage Lenders Network for its incurred losses but declined to award damages for “projected losses” or punitive damages. The court did leave open the order in …Read More...

NEW JERSEY – Nov. 2, 2007 – Home sellers who list at a high price to “test” the market do themselves a disservice, according to research by a New Jersey appraiser – their homes spend more days on the market and eventually sell for less than similar homes priced realistically from the start. New Jersey-based appraiser Jeffrey Otteau of Otteau Valuation Group Inc. conducted the research of sales

Gandhi Ben Morka, 52, Arlington, Texas, was convicted following a week-long trial on all seven counts of an indictment charging him with various offenses in a mortgage fraud scheme, announced U.S. Attorney Richard B. Roper. Specifically, the jury found Morka guilty of one count of conspiracy to commit mail fraud and wire fraud, four counts of wire fraud and two counts of mail fraud. Morka faces a maximum statutory sentence of 125 …Read More...

Mortgages the appraiser strategy: Returns basicallyMortgages the appraiser strategy importantly to be similar to you very well to know, but has you to consider you can do act according to an every day basis all marketing. This is not you invests the advertisement or hires the call center in this article the type marketing. These are the small matters which you can do believes firmly, your mortgage business continues to grow. These are the matter, the expense very few but the huge basis retains business and the high user to be satisfied.If you send a letter, a chart, or even an advertisement for paper, you ensure effective techniques of writing of use. Initially among the latter is to make sure that you make do to a title on all you. Whether people carry it out or not, the title seizes the reader. Once that they see a title, they is more probable manner to read the remainder of the piece of text. You always ensure that the title has an advantage in him so that your customer has a reason

Gerald Mullaney, 60, East Greenbush, New York, pleaded guilty in United States District Court in Burlington, Vermontm to a charge of bank fraud. Chief U.S. District Judge Williams K. Sessions III released Mullaney on conditions pending sentencing, which is set for January 28. On November 9, 2006, a federal grand jury in Burlington returned a one count indictment charging Mullaney with bank fraud. The indictment accused Mullaney of …Read More...

In the following press release The Office of the United States Attorney for the District of Vermont announced that Gerald Mullaney, 60, of East Greenbush, New York, pleaded guilty on September 24, 2007 in United States District Court in Burlington to a charge of bank fraud. Chief U.S. District Judge Williams K. Sessions III released Mullaney on conditions pending sentencing, which is set for January 28. On November 9, 2006, a federal grand jury in Burlington returned a one count indictment charging Mullaney with bank fraud. The indictment accused Mullaney of falsifying the appraisals he performed for about 100 mortgage loans for homes in northern New York that were financed by National City Mortgage Company. According to the indictment, Mullaney falsely inflated the appraised values of the homes, and his appraisals also provided other materially false information about comparable properties and the properties for which the loans were being sought. Mullaney faces up to 30 years of im

In the following press release the FBI in Dallas, TX announced that following a week-long trial before U.S. District Judge Barbara M.G. Lynn, a federal jury in Dallas has convicted Gandhi Ben Morka on all seven counts of an indictment charging him with various offenses in a mortgage fraud scheme, announced U.S. Attorney Richard B. Roper. Specifically, the jury found Morka, 52, of Arlington, Texas, guilty of one count of conspiracy to commit mail fraud and wire fraud, four counts of wire fraud and two counts of mail fraud. Morka faces a maximum statutory sentence of 125 years in prison and a $1.75 million fine. Gandi Ben Morka was arrested in May 2007 by agents of the Federal Bureau of Investigation on charges in a superseding indictment returned by a federal grand jury in the Northern District of Texas in April 2007. That indictment superseded an indictment returned in May 2005 that charged seven individuals, Sean Cung-Kim Nguyen, Dai Quoc Nguyen, Xuyen Thi-Kim Nguyen, Tam Nguyen,

Something many of us do not know or realize is how many people are actually involved in the home buying process. It can be a bit overwhelming too.You are out looking for your dream home, you find it, then, all of a sudden.... PEOPLE ARE EVERYWHERE!!!There are a number of people involved in the home buying process. We need to realize and understand that these professionals base their careers on helping you find your dream homes and purchase it. Over the next few days, we will be sharing some insights into what they are actually doing for you. Our hope is that this relieves some of the tension of having all these people around and helps you understand what they are doing for you.The congregation we will be discussing will be the real estate consultant, lender, attorney, appraiser, surveyor, home inspector, and pest control. Truth is, you may not encounter them all. If you do, though, we want you to be prepared.Today, we will be talking about the appraiser. The Appraiser, who is usually

William Page, 37, Old Bridge, New Jersey, pled guilty before U.S. District Judge Jose L. Linares to a one-count Information charging him with conspiracy to commit mail fraud for creating materially false and misleading property appraisals and construction progress letters. The scheme involved the following defendants: John Morris, 61, Fort Lee, New Jersey; Michael Meehan, 47, Belmar, New Jersey; John Kurzel, 55, New Brunswick, New Jersey; …Read More...

At least three in four home buyers obtain a professional home inspection to determine the physical condition of a home before they close the deal, but most home buyers aren’t as likely to pay attention to a condominium community’s financial condition when it is just as necessary. “It is amazing that people don’t spend much more time on a condo purchase when they are becoming “business partners” with strangers in a multi-million dollar real estate development partnership,” said Robert M. Nordlund, president of Calabasas, CA-based Association Reserves, Inc. “Buying a condo or town home is a lot like buying a share in a closely held, publicly-traded, non-profit real estate holding corporation. You don’t just buy a home, you effectively enter a partnership and bad business surprises — just like deferred maintenance surprises — can cost you” Without careful attention to financial details, you could overlook the troubled

In the following May 1, 2007 press release Thomas A. Marino, United States Attorney for the Middle District of Pennsylvania, announced that a Kingston man was arrested Monday by agents of the Federal Bureau of Investigation and Kingston Police on a federal charge of mail fraud related to making false and fraudulent mortgage and loan appraisals during a four-year time period. Marino stated that Richard Woods, age 51, was charged in an indictment returned by a federal grand jury on March 20, 2007, with using the mail to further a scheme in which false real estate appraisals were used to qualify customers for inflated mortgages. The indictment states that Woods provided false real estate appraisals to Four Star Mortgage Services, First Advantage Financial Corporation, and other companies during 1999-2003. Woods’ charge stems from a lengthy investigation by the Federal Bureau of Investigation. Marino noted that if Woods is convicted of the mail fraud charge, he faces a possible maxim

A lawsuit alleging that a group of real estate sellers, mortgage brokers, attorneys, and appraisers pursued a fraudulent real estate flipping scheme targeting minority neighborhoods in Brooklyn, New York that was filed by New York State Attorney General Eliot Spitzer was discontinued as against appraiser Erik B. Johnson, Ronkonkoma, New York, of Johnson and Rose Appraisal Services.  The Stipulation of Discontinuance did not reflect the reason the charges were discontinued although …Read More...

In a press release the Colorado Division of Real Estate announced that the Board has alleged that Pueblo appraiser James Esters overvalued eight Pueblo properties. The Board assessed a $24,000 fine. Mr. Esters agreed to permanently surrender his appraiser license and pay $7,500, the balance of the fine becoming due should he attempt to reapply for licensure. Overvaluing property contributes to the state’s rising foreclosure rate. “We will aggressively pursue appraisers who demonstrate a pattern of overvaluing properties,” said Erin Toll, Director of the Division of Real Estate. “We will be taking a particularly close look at valuations in Greeley and Pueblo, counties with extremely high foreclosure rates.” In the Final Stipulation (Order) for this case order the Board looked at 8 properties: 2681 Emilia Street, Pueblo 1230 Elm Street, Pueblo 1800 E. Evans Ave, Pueblo 1712 Quillian Avenue, Pueblo 1322 Bragdon Ave, Pueblo 2026 E Routt Street, Pueblo 17

Jeremy K. Virgin surrendered his real estate appraiser license to the Ohio Department of Commerce’s Division of Real Estate & Professional Licensing prior to a scheduled Preliminary and Permanent Injunction hearing in Franklin County, Ohio Common Pleas Court.  The Division sought and obtained a temporary restraining order against Virgin on May 15, 2007, which restrained him from engaging in appraisal practice. The verified complaint and motion for the TRO was brought on …Read More...

In the following press release the Ohio Department of Commerce announced that Jeremy K. Virgin surrendered his real estate appraiser license to the Ohio Department of Commerce’s Division of Real Estate & Professional Licensing prior to a scheduled Preliminary and Permanent Injunction hearing in Franklin County Common Pleas Court. The Division sought and obtained a temporary restraining order (TRO) against Virgin on May 15, 2007, which restrained him from engaging in appraisal practice. The verified complaint and motion for the TRO was brought on the Division’s behalf by Ohio Attorney General Marc Dann’s office. Prior to a preliminary and permanent injunction hearing, Virgin permanently surrendered his license on May 25, 2007 in a settlement agreement with the Division and agreed to never apply for reinstatement of that license or any other appraiser license, certification or registration in Ohio. In a separate matter, Virgin was indicted on Ap

Jeremy Plagman, Kansas City, Missouri, plead guilty to a one-count indictment charging him in connection with a mortgage fraud scheme that also allegedly involved a mayorial candidate.  Plagman initially entered a plea of not-guilty to the indictment that charged a total of 11 defendants in a mortgage fraud scheme. Plagman was an appraiser, doing business as JET Appraisals, Lee’s Summit, Missouri.  The indicment alleges …Read More...

Michael Meehan, 47, Bellmar, New Jersey, pleaded guilty to a one-count Information which charges him with conspiracy to commit wire fraud for creating and submitting to various mortgage lenders materially false and misleading property appraisals in the names of nominee buyers. Meehan is the fourth defendant associated with N.J. Affordable Homes, Inc. (NJAH) to plead guilty in connection with the mortgage fraud scheme.  NJAH, Perth Amboy, New Jersey, …Read More...

KTEN News in Oklahoma  is reporting that former real estate appraiser Lawrence Goodwin has been sentenced to one years imprisonment and order to pay over $235,000 in restitution. Goodwin had filed a guilty plea in June 2006. Court records show that on May 19, 2006 an Information was filed in the District Court for the Western District of Oklahoma charging Goodwin with providing a fraudulently inflated appraisal on a property at 1713 Eagle Nest, Norman Oklahoma which was supplied to the branch manager (name not known but referred to as C.A.R in the information) of the Norman office of Wells Fargo Financial. C.A.R’s employment was terminated by Wells Fargo Financial on or about January 14, 2003. On or about March 3, 2000 Goodwin’s lost his Oklahoma’s appraisers license but continued to provide appraisals to financial institutions until about July 10, 2002. Please click here to read the criminal information. Source: Former real estate appraiser sentenced (http://ww

Lawrence Goodwin, 54, of Noble, Oklahoma, was sentenced today in a wire fraud scheme in which he provided falsely inflated residential real estate appraisals to mortgage brokers who were assisting customers in re-financing their homes. Goodwin was licensed to conduct real estate appraisals in Oklahoma from 1998 until March of 2000, when the Oklahoma Real Estate Appraiser Board revoked his license.  However he continued to perform appraisals at the request of …Read More...