Archive for November 28th, 2006

Mortgage fraud ring obtained FHA loans for noncitizens

Tuesday, November 28th, 2006

A year after breaking up a Colorado mortgage fraud ring that falsified documents to allow noncitizens buy more than 300 homes using federally insured loans, authorities have begun rounding up hundreds of buyers who allegedly participated in the scheme.

In the last two weeks, local, state and federal law enforcement authorities have arrested 15 people and charged them with filing false documents with lenders, including fake “green cards” issued to legal residents and forged Social Security cards. If convicted, those arrested also face deportation, said Jefferson County District Attorney Scott Storey.

How I Sold It: ‘Unusual Homes for Unusual People’

Tuesday, November 28th, 2006

An Arizona agent’s eyes for the unique helps her land a $2.95 million deal and carve a niche within the luxury market.

In the REALTOR® Magazine Online exclusive series, Colorado broker Jeff Ordonez talks with practitioners who sold the highest-priced property in their MLS in a given month. This month, Susie DeConcini with Long Realty Co. in Tucson, Ariz., explains how she sold a $2.95 million home by showing off the property’s unique characteristics.

In October your listing sold for $2.95 million, which was the priciest listing in your MLS area. How did you get the listing?

November 2006
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