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Virginia Businessman Pleads Guilty in $2.3 Million Mortgage and Investment Scheme
February 26, 2010 Posted by Virginia RealEstateRama
RICHMOND, VA - February 24, 2010 - (RealEstateRama) — Robert S. Capehart, 55, of Richmond, Va., pled guilty to committing a $2.3 million mail fraud on banks and investors over a six year period.
House Passes Glenn Nye’s Resolution to Aid Toxic Drywall Victims
December 3, 2009 Posted by Virginia RealEstateRama
Washington, DC - December 2, 2009 - (RealEstateRama) — Families struggling with toxic drywall in their homes will now have one more piece of ammunition when they negotiate with banks and mortgage servicers for relief: a resolution from the United States Congress.
Loan Broker Pleads Guilty to Multi-Million Dollar Mortgage Fraud Scheme
December 2, 2009 Posted by Virginia RealEstateRama
ALEXANDRIA, VA - December 1, 2009 - (RealEstateRama) — Michael Milan, 49, of Bethesda, Md., pleaded guilty yesterday to conspiracy to commit mail and wire fraud for his role in carrying out a multi-million dollar mortgage fraud scheme.
Woodbridge Man Sentenced 57 Months for Mortgage Fraud
November 21, 2009 Posted by Virginia RealEstateRama
ALEXANDRIA, VA - November 20, 2009 - (RealEstateRama) — Godwin Asifo, 55, of Woodbridge, Va., was sentenced today to 57 months in prison, followed by three years of supervised release, for running a mortgage fraud scheme that resulted in the foreclosure of at least three homes in northern Virginia.
Nye Asks Banks, Mortgage Lenders to Aid Drywall Victims
October 8, 2009 Posted by Virginia RealEstateRama
Washington, DC - October 8, 2009 - (RealEstateRama) — Congressman Glenn Nye (VA-02) is asking banks and mortgage servicers to provide assistance to homeowners struggling with toxic drywall. On Thursday, Nye announced that he had introduced a Concurrent Resolution (H.Con.Res. 197) in the House of Representatives, calling on mortgage holders to allow homeowners to apply for a temporary forbearance in their mortgage payments.
Former Virginia Beach Attorney Sentenced to 66 Months for Mortgage Fraud
August 18, 2009 Posted by Virginia RealEstateRama
NORFOLK, VA - August 17, 2009 - (RealEstateRama) — Former attorney Kristina Marie Cardwell, age 39, of Virginia Beach, Va., was sentenced to 66 months in prison today for her participation in a mortgage fraud scheme, federal authorities announced.
Mortgage Executive Turns Herself in on Mortgage and Wire Fraud Charges
July 31, 2009 Posted by Virginia RealEstateRama
RICHMOND, VA - July 28, 2009 - (RealEstateRama) — Stacy Lynn Chamberlain, age 42, of Unionville, Virginia, was arrested today on charges mortgage fraud on a federally insured bank and wire fraud on several mortgage companies and investors therein.
Virginia Man Sentenced 42 Months for Mortgage Fraud Scheme
July 28, 2009 Posted by Virginia RealEstateRama
ALEXANDRIA, VA - July 27, 2009 - (RealEstateRama) — Richard A. Forde, also known as Euburn Richard Forde, age 51, formerly of Great Falls, Va., was sentenced today to 42 months in prison for his role in a mortgage fraud scheme from approximately December 2001 to January 2004.
$7 million available to first-time homebuyers through local agency
July 14, 2009 Posted by Virginia RealEstateRama
Norfolk, VA - July 13, 2009 - (RealEstateRama) — Norfolk Redevelopment and Housing Authority (NRHA) has over $7 million in low interest mortgage financing available for first-time buyers up to 120% of Area Median Income (AMI) provided through the HomeNet Homeownership Center.
VHDA Launches Homebuyer Tax Credit Plus Loan Program
June 19, 2009 Posted by Virginia RealEstateRama
RICHMOND, VA - June 19, 2009 - (RealEstateRama) - One of the biggest obstacles facing first-time homebuyers is gathering the funds for the down payment and closing costs. To help prospective homebuyers meet this challenge, the Virginia Housing Development Authority has designed a new loan program – Homebuyer Tax Credit plus.
