Robert Shumake, Fraud Victim, Speaks about Mortgage Fraud

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Services for Real Estate Pros with Inheritance Capital Group, LLC

Robert Shumake's desire is to generate Public Awareness on how to avoid being a victim of mortgage fraud

Detroit, MI - The US Federal Bureau of Investigation reports that mortgage fraud is one of the fastest growing white-collar crimes in the United States.  Robert Shumake learned this the hard way, when he purchased property in Detroit.  Robert described the ordeal he suffered when he was the victim of mortgage fraud.

 

When Robert Shumake tried to sell a house that he purchased and rehabbed; he
found out that someone had "stolen" the property and removed his name from the title with a fraudulent quit claim deed!  The new owner had moved into the home and took out building permits to work on the property.


Shumake told of his 2-1/2 year nightmare as he spent nearly $60,000 in legal fees to resolve the matter. "Mortgage fraud is hard to prove when there are signed agreements and documents in place and recorded," explained Shumake.  "It is possible to spend thousands of dollars and still not get your property back."

Almost anyone can be a victim of mortgage fraud, even a real estate industry professional like Shumake, who is the CEO of Inheritance Capital Group, a real estate investment and development firm in Southfield, Michigan. Robert Shumake's experience led him to join with Michigan state officials to launch a mortgage fraud task force to aid victims of mortgage fraud and to promote consumer awareness and prevention.

 

Robert Shumake has written articles about mortgage fraud and real estate scams; read his blog at http://realestatescamsmichigan.blogspot.com/ for more information.

 

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Ralph Gorgoglione
John Aaroe Group - Los Angeles, CA
California Real Estate (800) 591-6121

It's so crazy.  I'm still smelling elements of lender fraud on some properties out there.

It really irritates me after all we've been through with the mortgage industry to see people STILL trying to be greedy and underhanded.

They should be immediately barred from doing business.

Jun 07, 2009 12:23 PM #1
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Rainer
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Robert Shumake

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