Hey Goofer, is that you in your avitar picture? Boy you better gets your briefs on when you climbing walls, cause you may get hung up on something!
Looks like lots of future foreclosures
- Thread starter Mango
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It just proves that you don't have a criminal mind.
Most con men/women, cads and thieves have a malfunctioning conscience....they're hardwired to easily rationalize away wrong-doing....and the way it is becoming more and more common to shun personal responsibility for one's actions, the world is their oyster.
The saddest part of this situation is how this cabal of thieves were able to go as far as they did........just like our little "Trump-ette," Casey-the-Amazing-Foreclosure-Kid and his $2-million-plus real estate folly. :roll:
Not to be outdone by Florida, here's Colorado's contribution to mortgage loan fraud. Below are some excerpts from the article in the Denver Post entitled "Steal of a Deal"
"The cast of characters in this foreclosure tale includes drug dealers who went straight from prison to the home-acquisition business, a developer with ties to an international Christian group, a state-licensed real estate broker who saw nothing peculiar and an appraiser who has disappeared.
Taiwan Lee is among a group of former inmates and others accused of buying 17 homes for inflated prices and taking $2.1 million from excess loan proceeds.
Lenders supplied former inmates millions of dollars to buy homes that they never occupied at inflated prices.
At The Villas at Cherry Creek in Aurora, a gated community overlooking Cherry Creek State Park, five former inmates bought 12 homes at inflated prices in four months. {:funn: }
Neighbors noticed these homes remained strangely vacant - until 150 cars and hundreds of young people poured through the gates for a raucous party at one villa last New Year's Eve.
Lee was 23 years old when Colorado paroled him in July 2004 on drug and escape charges. He allegedly vanished while on parole three months later, was caught that December and has been in custody ever since, prison records show.
On Feb. 17, 2005, when Lee bought 14001 E. Whitaker Drive from DeNeui, he had been back in prison for seven weeks, according to the Colorado Department of Corrections.
Real estate records show that was the fifth villa Lee bought at inflated prices after Colorado issued a warrant to arrest him. He bought one in October 2004 and three more in the next three months. Five lenders supplied 100 percent loans totaling $3.1 million.
On the day Lee bought his fifth villa, another fugitive bought her third in four weeks in the same neighborhood. DeNeui sold 14034 E. Whitaker that day to Cindy Ingram, also wanted for violating parole on drug charges. She borrowed $1.8 million for those homes.
Talita James, a convicted cocaine dealer, bought two villas across the street from each other in one day for $1.1 million, promising to occupy them both. Her brother Torrence James and Ervin Camack, both released from federal prisons in Colorado, each bought another villa."
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The article also tells of a woman whose identity was stolen by a dirt bag Mortgage Broker who bought 4 homes with "price puffs" (sold for more than the asking prices in order to get a kickback) in the victim's name--what a mess!
As this frenzy continues to unwind, I expect the housing schemes are going to get more and more bizarre. I mean, what's a felon to do when the lenders are essentially throwing million$ in cash their way and they don't even have to leave the comfort of their prison cell...
"The cast of characters in this foreclosure tale includes drug dealers who went straight from prison to the home-acquisition business, a developer with ties to an international Christian group, a state-licensed real estate broker who saw nothing peculiar and an appraiser who has disappeared.
Taiwan Lee is among a group of former inmates and others accused of buying 17 homes for inflated prices and taking $2.1 million from excess loan proceeds.
Lenders supplied former inmates millions of dollars to buy homes that they never occupied at inflated prices.
At The Villas at Cherry Creek in Aurora, a gated community overlooking Cherry Creek State Park, five former inmates bought 12 homes at inflated prices in four months. {:funn: }
Neighbors noticed these homes remained strangely vacant - until 150 cars and hundreds of young people poured through the gates for a raucous party at one villa last New Year's Eve.
Lee was 23 years old when Colorado paroled him in July 2004 on drug and escape charges. He allegedly vanished while on parole three months later, was caught that December and has been in custody ever since, prison records show.
On Feb. 17, 2005, when Lee bought 14001 E. Whitaker Drive from DeNeui, he had been back in prison for seven weeks, according to the Colorado Department of Corrections.
Real estate records show that was the fifth villa Lee bought at inflated prices after Colorado issued a warrant to arrest him. He bought one in October 2004 and three more in the next three months. Five lenders supplied 100 percent loans totaling $3.1 million.
On the day Lee bought his fifth villa, another fugitive bought her third in four weeks in the same neighborhood. DeNeui sold 14034 E. Whitaker that day to Cindy Ingram, also wanted for violating parole on drug charges. She borrowed $1.8 million for those homes.
Talita James, a convicted cocaine dealer, bought two villas across the street from each other in one day for $1.1 million, promising to occupy them both. Her brother Torrence James and Ervin Camack, both released from federal prisons in Colorado, each bought another villa."
-----------------------------------------------------------
The article also tells of a woman whose identity was stolen by a dirt bag Mortgage Broker who bought 4 homes with "price puffs" (sold for more than the asking prices in order to get a kickback) in the victim's name--what a mess!
As this frenzy continues to unwind, I expect the housing schemes are going to get more and more bizarre. I mean, what's a felon to do when the lenders are essentially throwing million$ in cash their way and they don't even have to leave the comfort of their prison cell...
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You mean some of the photo ID's I got at application were really mugshots? 
You mean some of the photo ID's I got at application were really mugshots?
Some of the ones I've seen look like mug shots.
5 different flavors to choose from !!!!!!
No, it was on purpose....the quote fit the subject thread. (The "author," however, was artistic license.