Comments on: Bloody Toto in Mortgage Fraud Land

By: jck

jck — Tue, 25 Aug 2009 18:25:08 +0000

i love d&m financial corp

By: Carola Von H.

Carola Von H. — Mon, 29 Jun 2009 16:49:14 +0000

Jack Herbert is correct re the local aspect of mortgage fraud. In neighborhoods or regions with high numbers of a particular ethnic group, fraudsters are typically of the same ethnicity. It’s a comfort thing. However, at higher levels certain nationalities do dominate certain types of crime. It’s an expertise thing.

By: JOHN HERBERT

JOHN HERBERT — Sun, 19 Apr 2009 02:46:55 +0000

To: Jack Payne and all others who ask the same question regarding the victimization of Caribbean Nationals. This problem is not limited to just Caribbean families, there are many factors to take in to consideration.
1, The booming housing market
2, Easy Credit
3, Previous home owners cashing in on inflated property values, taking the money and buying home in less expensive cost of living states.
Whites moving out of those areas and the Blacks moving south or back to the Caribbean.
4, The majority of the Caribbean families are concentrated in B’klyn, the Bx. Queens and L.I.
By Word of mouth available homes in these areas
are shared with other Caribbeans looking to buy homes in the sub-prime market.
5, So we now have The American Dream available to those who realize the chance to own.
6. The Criminals feed off of hopes and aspirations of hard working unsuspecting people
who fall victim to the scam.
7. These mortgage companies use ethnic straw real estate agents to sell the package. almost all of the agents know the game and those that don’t are blinded by the high commissons they receive.
8 So you see it’s not just Caribbeans all ethnic groups in this city and elswhere were once victims.
9. Caribbeans, Hispanics and Latinos are the new group of victims on the block.
10, Birds of a Feather Flock Together. And the criminals cease this opportunity to do what they do best, RIP US OFF.

By: JOHN HERBERT

JOHN HERBERT — Sun, 19 Apr 2009 01:58:17 +0000

Inspite of the excelent work by the task force and local authorities there are many home owners still impacted by the criminals listed in this article. The OAG, FBI and local county governments should set up a victims relief fund. The money could come out of the assets and fines collected and funds confiscated from these criminals. Congress should pass a bill to prohibit All companies that have WERE convicted or pleaded guilty to consumer fraud from filing bankruptcy. Track down their hidden assets like the Gov. did to Bernie Madoff and have a US TRUSTEE Distribute the funds to the CONSUMER FRAUD CRIME VICTIMS RELIEF FUND. CFCVRF

By: Jack Payne

Jack Payne — Tue, 17 Jul 2007 05:30:25 +0000

Sure, mortgage fraud is mounting, as the subprime problem threatens more and more to erupt in all directions. Even though wide spread, the thing I can’t figure is why is it so concentrated with Caribbean area nationals in the New York area?