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Welcome to the Mortgage Horror Blog.  The Mortgage Segment of the industry is the home of 99% of all of the problems in the field services industry. The field services industry offers some great opportunities in the commercial and insurance segments. The purpose of this blog is to identify the problems in the Mortgage Segment and to separate the problem-plagued Mortgage Segment from the better segments of the industry

Foreclosurepedia. Org Has The News On Mortgage Segment Fraud, Greed & Corruption

Many of the mortgage field service representatives are spending their time in the field chasing $3 mortgage inspections and $15 grass cuts. In the evening they are logged on at Facebook and reading about the squirrels playing in the snow. They are also trying to find the car in the photo.

Fannie-Mae and HUD are not auditing their contracts and labor is suffering. Labor is losing tens of million dollars as the Government is not auditing their contracts. The latest fraud case involves a mortgage order mill that was forced into involuntary bankruptcy … only three plaintiffs … and where the legal discovery process shows that the mortgage order mill has not filed a federal income tax return. Those that do not participate in the involuntary bankruptcy will lose big time. Most mortgage field representatives do not stay informed on what is happening in the mortgage segment. The mortgage order mills abuse them. They do not stand their ground. I guess that they get what they deserve for not paying attention.

 

 

How Are Those $3 Mortgage Inspections Working For The Southern California Mortgage Inspectors?

The average price for a gallon of regular gas in Los Angeles County was $3.60 on Tuesday, up 56 cents from a year ago, according to GasBuddy. Orange County’s average price was $3.57, up 54 cents from a year earlier. San Bernardino County’s average was $3.50 a gallon, up 51 cents, and Riverside County stood at $3.52 a gallon Tuesday, up 54 cents. The national average was $2.74 a gallon.

The price of regular gasoline near Orlando is $2.62. I drive a Prius 2 hybrid … about 52 MPG.

Foreclosurepedia.org … National Field Network Admits Never Filing Federal Tax Returns On Tens Of Millions Of Dollars

Tax evasion is a FELONY and a very serious crime. A conviction for tax evasion can carry with it up to a five-year prison sentence and/or fines up to $100,000. . Filing a false return: Prosecution for this crime is appropriate when a taxpayer has provided the government with false or misleading information on the taxpayer’s tax return. In such cases, the government does not have to prove the taxpayer intended to evade tax laws. Rather, it merely must prove that the taxpayer filed a false return. Filing a false return is a felony. Punishment for this crime can consist of up to three years in prison and/or up to $100,000 in fines. . Not filing a tax return at all: Failing to file a tax return is the least serious of the three tax crimes. It is a MISDEMEANOR. The consequences for being found guilty is a maximum of 1 year in prison and/or fines totaling up to $25,000 for each year a taxpayer failed to file.