Owner of Liberty Mortgage Convicted in Multi-Million-Dollar Mortgage Fraud

By Patrick   Follow   Thu, 24 Jan 2013, 12:45pm PST   451 views   2 comments   Watch (0)   Share   Quote   Permalink   Like   Dislike  


Owner of Liberty Mortgage Company in Elk Grove Convicted in Multi-Million-Dollar Mortgage Fraud Scheme SACRAMENTO, CAAfter a 10-day trial, a federal jury found Hoda Samuel, 60, of Elk Grove, guilty of a conspiracy to commit mortgage fraud and of 30 individual counts of mail fraud. According to evidence presented at trial, Samuel, a licensed real estate broker, was the owner and principal operator of Liberty Real Estate & Investment Company, a real estate agency, and Liberty Mortgage Company, a mortgage brokerage business. Between April 5, 2006 and February 26, 2007, Samuels companies facilitated 30 residential real estate transactions that defrauded...


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thomaswong.1986   befriend   ignore   Thu, 24 Jan 2013, 1:04pm PST   Share   Quote   Like   Dislike (1)     Comment 1

Patrick says

Owner of Liberty Mortgage Convicted in Multi-Million-Dollar Mortgage Fraud

yep.. home owners and new buyers will sleep well knowing their homes will appreciate 10-20 and even dare I say 50% year over year with those evil Wall Street mortgages exploding ... we will really now see that home prices never go down...

We now have proof..

Robert Shiller - On Home Prices Always Going Up (7 min)


investor90   befriend   ignore   Mon, 28 Jan 2013, 1:31am PST   Share   Quote   Like   Dislike     Comment 2

I Googled Hoda and guess what? She is a Realtor, I guess I am not surprised. Why didn't the local association turn her in? Any agent who did business with her would have easily found out about her scams. Maybe Realtor commissions are more important than honest dealings?

Hoda will have many stories to tell her new roomies about how she lived as a queen by just selling real estate.

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