Sometimes there is some justice!!!
Info for anyone In Pittsburgh, PA please read!
When I purchased my 1st home, I purchased a 'fixer-upper' in a workingclass (albeit on the poor side) neighborhood.
Most people in this areas were homeowners, had lived there their entire lives, raised their kids there, our kids played together, everyone knew everyone, so while none of us was in the money--the neighborhood was very stable.
This is how my neighborhood went downhill lightning quick--took about 4 yrs to destroy my neighborhood (replete with driveby's--no kidding)
Around 2000, a woman and her daughter, Kelly Fields (daughter aka Kelly Davern), and Joyce Davern(mother) who were somewhat close neighbors started approaching local homeowners to get them refi's & cash out mortgages.
I am posting names because they are now public info because so many have been involved--see links below!
They were (self proclaimed) "Mortgage Brokers", and were trusted and embraced because they were from the neighborhood.
This is when the problems began.
This duo then became involved with several different Mortgage broker companies, just one of which is "Precision Lending"- (Kelly Fields .et.al. Precision Mortgage)-but there were several others that never reached the newspaper.
Almost every homeowner who dealt with this mother daughter team got skrewed somehow--several lost their homes to foreclosure.
Few understood the fraud going on. Many were retired and needed $$ to fix up their old homes--maybe they needed a new roof, or bathroom needed new plumbing...
Mortgage docs were forged, w2's forged, signatures forged--everything seemed forged. Some homeowners felt they had no recourse because they did sign some documents--they were afraid, and they were poor, as their mortgages ballooned, they could do little, and their homes were taken, and they were left renting and broke.
A friend of the mother daughter duo started buying up the now foreclosed properties, as REO's for pennies on the dollar. mother and daughter drew up the mortgages-- but the mortgage was at fraudulently inflated prices, so they got cash back, the landlord section 8'd most of these properties, or just put anyone in them.
Not all sect 8 people are bad tenants--but this landlord didn't screen--he could care less--because he basically got paid to buy these properties, so his $$ was made long before tenants ever moved in.
Mother and daughter & this man would then flip the homes to one of their crew-they had a crew of maybe 20+ people involved--within a short period, and this person would get a cash out refi on a severly inflated appraisal, then they'd default on the loan-
-they took the $$ and ran-
-allowing the home to go into foreclosure again--most ended up vacant in the end, much crime resulted in the area, people lost their homes regularly...
Sometimes they had several other people involved keep rebuying the foreclosures with these fraudulent mortgages--and the cycle would begin all over--while the homes remained vacant!!!!--some homes were so destroyed by this time, they actually "faked" plumbing and wiring for inspections for these mortgages...It was THAT organized.
A slum lord situation had taken hold of my once working class neighborhood.
What was not a slum property was vacant due to foreclosure. These people had their own people to re-buy the REO's...
Homeowners occupying the residences became the minority, few were left, and the one's that were left were too afraid to live there. It became an angry and dangerous place to live very quickly.
Homeowners who still lived there watched their property values drop by about 50%--they could not sell to anyone--No one wanted to buy there...drive bys, drug dealers, vacant properties everywhere.
Well--two people COULD get you house sold--for a price. As long as you agreed to do a cash back at close to the buyer...
Many did not understand this was illegal--they worded it as 6% financing from the seller, had the appraisal inflated etc etc...
You guessed it--the mother daughter duo...
Well, their scheme has finally been busted. 24 people have been named, charged, and sentencing continues!!!!.
My county is going nuts trying to get everyone involved-and trying to track 100's of properties these fraudsters were flipping -
They surely were not busted for everything--many will walk--but 24 are charged, and sentencing awaits.
I tried long ago to explain on this site what happened to my neighborhood, and why I could not sell my property--What I said sounded nuts--sounded like it was impossible--
Well, no, it is not-I watched it happen-mortgage fraudsters had taken over the neighborhood and preyed upon distressed homeowners...
Here is a link to what happened in February 08:
And this week SEVERAL of these 24 have plead guilty...
A little justice...Certainly not enough to get my neighborhood back to what it was--100's of homes were involved.
I am posting this info as a shout out to anyone in Pittsburgh PA who may've dealt with any of these people listed--If you have been taken advantage by them--fight back!!! Now is the time!
Info for anyone In Pittsburgh, PA please read!
When I purchased my 1st home, I purchased a 'fixer-upper' in a workingclass (albeit on the poor side) neighborhood.
Most people in this areas were homeowners, had lived there their entire lives, raised their kids there, our kids played together, everyone knew everyone, so while none of us was in the money--the neighborhood was very stable.
This is how my neighborhood went downhill lightning quick--took about 4 yrs to destroy my neighborhood (replete with driveby's--no kidding)
Around 2000, a woman and her daughter, Kelly Fields (daughter aka Kelly Davern), and Joyce Davern(mother) who were somewhat close neighbors started approaching local homeowners to get them refi's & cash out mortgages.
I am posting names because they are now public info because so many have been involved--see links below!
They were (self proclaimed) "Mortgage Brokers", and were trusted and embraced because they were from the neighborhood.
This is when the problems began.
This duo then became involved with several different Mortgage broker companies, just one of which is "Precision Lending"- (Kelly Fields .et.al. Precision Mortgage)-but there were several others that never reached the newspaper.
Almost every homeowner who dealt with this mother daughter team got skrewed somehow--several lost their homes to foreclosure.
Few understood the fraud going on. Many were retired and needed $$ to fix up their old homes--maybe they needed a new roof, or bathroom needed new plumbing...
Mortgage docs were forged, w2's forged, signatures forged--everything seemed forged. Some homeowners felt they had no recourse because they did sign some documents--they were afraid, and they were poor, as their mortgages ballooned, they could do little, and their homes were taken, and they were left renting and broke.
A friend of the mother daughter duo started buying up the now foreclosed properties, as REO's for pennies on the dollar. mother and daughter drew up the mortgages-- but the mortgage was at fraudulently inflated prices, so they got cash back, the landlord section 8'd most of these properties, or just put anyone in them.
Not all sect 8 people are bad tenants--but this landlord didn't screen--he could care less--because he basically got paid to buy these properties, so his $$ was made long before tenants ever moved in.
Mother and daughter & this man would then flip the homes to one of their crew-they had a crew of maybe 20+ people involved--within a short period, and this person would get a cash out refi on a severly inflated appraisal, then they'd default on the loan-
-they took the $$ and ran-
-allowing the home to go into foreclosure again--most ended up vacant in the end, much crime resulted in the area, people lost their homes regularly...
Sometimes they had several other people involved keep rebuying the foreclosures with these fraudulent mortgages--and the cycle would begin all over--while the homes remained vacant!!!!--some homes were so destroyed by this time, they actually "faked" plumbing and wiring for inspections for these mortgages...It was THAT organized.
A slum lord situation had taken hold of my once working class neighborhood.
What was not a slum property was vacant due to foreclosure. These people had their own people to re-buy the REO's...
Homeowners occupying the residences became the minority, few were left, and the one's that were left were too afraid to live there. It became an angry and dangerous place to live very quickly.
Homeowners who still lived there watched their property values drop by about 50%--they could not sell to anyone--No one wanted to buy there...drive bys, drug dealers, vacant properties everywhere.
Well--two people COULD get you house sold--for a price. As long as you agreed to do a cash back at close to the buyer...
Many did not understand this was illegal--they worded it as 6% financing from the seller, had the appraisal inflated etc etc...
You guessed it--the mother daughter duo...
Well, their scheme has finally been busted. 24 people have been named, charged, and sentencing continues!!!!.
My county is going nuts trying to get everyone involved-and trying to track 100's of properties these fraudsters were flipping -
They surely were not busted for everything--many will walk--but 24 are charged, and sentencing awaits.
I tried long ago to explain on this site what happened to my neighborhood, and why I could not sell my property--What I said sounded nuts--sounded like it was impossible--
Well, no, it is not-I watched it happen-mortgage fraudsters had taken over the neighborhood and preyed upon distressed homeowners...
Here is a link to what happened in February 08:
And this week SEVERAL of these 24 have plead guilty...
A little justice...Certainly not enough to get my neighborhood back to what it was--100's of homes were involved.
I am posting this info as a shout out to anyone in Pittsburgh PA who may've dealt with any of these people listed--If you have been taken advantage by them--fight back!!! Now is the time!
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