Not resolved

kelley wife liz kelley are involved in strawbuying in houston.They are under investigation for mortgage fraud Indictments Handed Down in Houston Straw Buyer Scheme/Rod Kelley+Liz Kelley+davidyoungteam.com rod kelley and liz kelley involved in straw-buying.

Oldest couple reported to be involved in this type of case. They will spend the remaining years of their life behind bars. Grandma and Grandpa strawbuying scheme with david young team. Houston, Texas.

Look at all of his last properties and you will see the all foreclosed. Property value dropping but him in his wife with coldwell banker(memorialdrive) all involved in strawbuying. Appraiser on the run. A Houston Grand Jury handed down indictments on eight individuals for a series of mortgage fraud scams in the Houston, Texas area, involving close to 300 properties valued at approximately $40 million.

Most of the fraudulent transactions involved finding a straw buyer with a high credit score, and persuading that person to purchase one or more properties. The perpetrators would obtain a phony appraisal that was significantly inflated. Because of the buyer's favorable credit score, their loan would be approved with minimal scrutiny by the lending institution. Once the sale went through, the scam artist would pocket the difference between the selling price and the inflated loan amount by charging consulting fees, remodeling fees, or other service charges that would be disbursed at the closing by the escrow officer.

The unsuspecting buyer would then be stuck with a mortgage that was much higher than the true value of the property. In many cases the buyer was promised that the property would be leased and the mortgage payments would be made, only to find that the property was left unoccupied and the buyer?s credit damaged by nonpayment. rod kelley wife liz kelley are involved in strawbuying in houston. They are under investigation for mortgage fraud Indictments Handed Down in Houston Straw Buyer Scheme/Rod Kelley+Liz Kelley+davidyoungteam.com Another variant of the straw buyer scam involved identity theft and the use of stolen personal information to arrange the purchase of property.

In these instances the victims were not even aware of their involvement until they got calls from creditors about missed payments. rod kelley wife liz kelley are involved in strawbuying in houston.

They are under investigation for mortgage fraud:rod kelley wife liz kelley are involved in strawbuying in houston.They are under investigation for mortgage fraud Indictments Handed Down in Houston Straw Buyer Scheme/Rod Kelley+Liz Kelley+davidyoungteam.com Indictments Handed Down in Houston Straw Buyer Scheme/Rod Kelley+Liz Kelley+davidyoungteam.com

Review #180503 is a subjective opinion of a user.

PRODUCT OR SERVICE
Not specified
Reason of Review / Monetary Loss Not specified / $500
Preferred solution Not specified

Had an Experience with David Young Team?

Submit review

Comments

Comment as anonymous or
Terms of Service
Post Comment
Cancel
Be first to start a discussion.

You May Also Like

"Erased negative reviews from their past coming back to haunt the new year. Do not believe all their phone baloney reviews, pretty easy to see it's fiction when you start reading..." Read more
" I am a resident at the Pinnacle at Union Hills and have been for almost 3 years. There are some major issues with my unit that have not been fixed..." Read more
"This is a complaint of the property management of an apartment complex in SE Houston, TX. Specifically, the condition of the apartment upon move-in: 1) The laminate floor (covering all..." Read more
"Major Issues1. Dryer Outlet was bad, would not work- Apartment complex offer washer and dryer hook ups.Date Reported 10/27/15Date Fixed 11/9/2015Time between reported and repaired: 2weeks 2. Hot Water tank went..." Read more
"If you go to that page you will see what Greystar does! I have went and reviewed other properties owned and operated by Them And Eastern Arcadia Investments, and apparently..." Read more
"Give your head a shake Nascar. you had a winner in 2001. NOW THIS STAGE STUFF. i'M A 74 YEAR OLD WHO LIVED FOR THE BRICKYARD TILL THAT WENT DOWN..." Read more
"We Make it Easy!- A delusional motto Cast: Mike- Super intendent of Construction for William Ryan Keith- Realtor preferred by William Ryan Lisa/Tiffany- Sales Representatives for William Ryan Ernie/ Ben-..." Read more
"Luv the Watch and what they have to provide. It's always unique and very personable but I would luv to be able to get more of women's styled watches since..." Read more