My Brooklyn Report

In a move designed to protect homeowners, the New York City Department of Finance on July 13th 2010 announced a new program that will become the first line of defense in preventing Mortgage Fraud and House Theft. The Notice of Recorded Document program was created to provide notification via mail, email or SMS text message [...]

The Office of Thrift Supervision issued a report on Fraud and Insider Abuse that revealed mortgage fraud investigations by the Federal Bureau of Investigations was up 400% in 2009 from the year before. The FBI’s Mortgage Fraud Task Force estimates that 63% of investigations of  mortgage fraud perpetrated against financial institutions involved $1 million plus in [...]

This mixed used, 2 story property at 698a De Kalb Avenue in the northern section of Bedford Stuyvesant has a lot in common with other homes in the neighborhood. It is exhibit A in an 82 count indictment brought by the Kings County District Attorney’s office against 7 co-conspirators in a mortgage fraud ring that managed [...]

By now you’ve heard that Goldman Sachs is facing a civil lawsuit bought by the Securities & Exchange Commission based on allegations of fraud, or did you hear it differently than I did. I know those that heard the news only took away what appealed to their sense of outrage at Wall Street’s greed. Hearing that [...]

With more existing homes coming to market alongside recently constructed houses and condominiums in Brooklyn, all home shoppers and real estate investors are hunting for the best deals available, by any means necessary. But as you walk though streets in the outer boroughs, they’re more sellers than there are buyers.  From one block to the [...]

While we continue to make every effort to bring you a view into the brazen, unapologetic, predatory lending practices that have caused the Foreclosure Crisis in our weekly series, Thursday Perp Walk: Lifestyles of the Charged, Tried and Convicted, your about to see the lengths that Mortgage Lenders and Wall Street went to in the name of GREED. View the video and see how it was done.