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Mortgage Fraud hits Seattle area homeowners

In case you missed the King5 news report on mortgage fraud last night, here is a link to the story.

The reporter, Suzannah Frame, set up a blog for consumer comments. Take a look at what folks are saying.

The state Dept of Financial Institutions shut her down in September.

If you or someone you know wants to check with our state's mortgage broker regulator, here is the direct link to check to see if a mortgage broker is licensed to do business in our state, and if they have any administrative actions pending against them.

DFI shows that the escrow license of Action Escrow in Kent, the assisting escrow company named in the King 5 story, has been revoked. I couldn't find their website, but a couple of their fomer employees have myspace profiles. It's nice to know that their designated escrow officer's favorite underwear color is blue.

Posted by at November 21, 2006 2:18 p.m.
Comments
#17054

Posted by unregistered user at 11/21/06 4:17 p.m.

[link title="mortgage fraud blog"]http://www.mortgagefraudblog.com/index.php/weblog/C68/[/link]. 'nuff said.

#17103

Posted by Marlow Harris at 11/22/06 11:44 a.m.

I think that link is www.mortgagefraudblog.com

#33237

Posted by Rhonda Porter at 5/18/07 10:26 a.m.

The link for checking out mortgage brokers is great. What if you want to check our your loan officer who works for a bank, like WaMu, Wells Fargo or Countrywide?

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