The Right Place

In May, Sandra Guy profiled Shakeela Muhammad, who was caught up in a mortgage rescue fraud deal, in a Friday Homelife cover story titled
SNARED: Two women take a stand when shady company moves in. Sandra also offered some suggestions for where to get assistance if you get caught up in a scam. She also wrote about a
study that found women take out subprime mortgages more often than men do.

On Tuesday July 3, The New York Times profiled Shakeela Muhammad

Continue reading "Sun-Times mortgage rescue fraud coverage" »

Posted by Sally Duros at 11:01 AM | Permalink | Comments (0) | TrackBacks (0)

The fraud continues and so do the laws.

Hope this new one from The Illinois Attorney General's office makes a difference.

Continue reading "Law targets mortgage "rescuers"" »

Posted by Sally Duros at 05:23 AM | Permalink | Comments (0) | TrackBacks (0)

This week we wrote about something called condo fraud in The Right Place. It's a suspected way that some crooked "developers" make a lot of cash while creating slums.

It occurred to us to us that some of you might not know what a legitimate real estate developer's expenses look like so we've done a little run down here, It was news to us too.

Most developers expect a profit margin of about 20% on their investment, which is pretty modest compared with what our suspected "crooked" developers hope to make.

Continue reading "Fight back against condo fraud" »

Posted by Sally Duros at 12:00 AM | Permalink | Comments (0) | TrackBacks (0)