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Who Got Arrested?

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CindyR

Senior Member
Joined
Oct 26, 2003
Professional Status
Certified Residential Appraiser
State
Arizona
OK - channel 15 said realtors, loan officers and appraisers were among the real estate professionals arrested or indicted today and even had a link to the indictments. But none of the documents mentioned appraisers, just realtors, loan officers, their assistants, and a mess of straw buyers. Any one know who the involved appraisers are????
 

Blueprint

Senior Member
Joined
Aug 25, 2005
Professional Status
Certified Residential Appraiser
State
Oregon
No clue what channel 15 refers to. I am probably not anywhere near your area. Are you in Phoenix/Tucson?
I hope the assisting appraisers get removed long term from the industry.
 

Tudor

Member
Joined
Aug 15, 2006
Professional Status
Certified Residential Appraiser
State
Arizona
OK - channel 15 said realtors, loan officers and appraisers were among the real estate professionals arrested or indicted today and even had a link to the indictments. But none of the documents mentioned appraisers, just realtors, loan officers, their assistants, and a mess of straw buyers. Any one know who the involved appraisers are????

One certified general was mentioned in those indictments, last name of Holm. Did not see any other appraisers in the indictments.
 

William K

Senior Member
Joined
Sep 21, 2007
Professional Status
Certified Residential Appraiser
State
Illinois
In Chicago, 67 charged but no names so far of Appraisers, newspaper reports say they were Mortgage Brokers, loan officers, real estate agents, home builders, and attorneys.
 

xmmcsmielr

Junior Member
Joined
Feb 4, 2002
The list does not include any of the appraisers who should be arrested for enabling the mortgage frauds I know about and that I have provided details about to the IRS and DEA.

That is: so far.

Hopefully more will be indicted.
 

Mysterman

Freshman Member
Joined
Aug 25, 2007
Professional Status
General Public
State
Arizona
Has anyone heard or done business with Quitugua & Associates in Az?
 

Kodiak Bear

Freshman Member
Joined
Dec 21, 2004
Professional Status
Licensed Appraiser
State
Arizona
WARRANTY DEED 1/24/06 $943,000 $6,000 $754,400 Fannie Mae 060104993
Buyer: FELIX GUZMAN Seller: IACONNA PROPERTIES LLC Mtg Company: FIRST MAGNUS FINANCIAL CORPORATION
SPECIAL WARRANTY DEED 10/6/05 $596,598 $112,719 $504,434 Conv 051493189 Buyer: IACONNA PROPERTIES LLC Seller: GOLDEN HERITAGE HOMES INC Mtg Company: M & I MARSHALL & ILSLEY BANK

This house is in my in-laws neighborhood is now foreclosed on and listed at $618,000, but was bought by Felix Guzman for $943,000 when homes were selling in the 700's. I hope this guy is locked away for the rest of his life.
 
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CURT VAN HOOSER

Senior Member
Joined
Nov 3, 2003
Professional Status
Licensed Appraiser
State
California
Huh?............... Were did all this information come from?
 

Mysterman

Freshman Member
Joined
Aug 25, 2007
Professional Status
General Public
State
Arizona
Maricopa County Recorders Office lists Warranty Deeds, Deeds of Trusts.
Arizona Corporation Commissions lists LLC's; Arizona Board of Realtors lists
Realtors. Most of this info is on the Recorder's website, if you read the Warranty
Deed it states buyer, seller, if you view the Deed it lists the Title Co, amount
of deeds, property address. There is also the Maricopa County Assessor's Office has to who now owns the property. Az Sec of State lists Notaries All= on line public record.
 

Michigan CG

Moderator
Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
I know this in the Arizona forum, but there have been a few threads on this latest happening across the country and very few appraisers are listed. They will be named as people start to sing to get reduced sentences.

My question would be could this file down to the trainees who are now licensed or certified, and maybe their licenses would be invalid because of the "mentors" actions and "training"?
 
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