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Worthy charges 4 in mortgage, deed fraud scheme - Detroit News

Detroit – Wayne County Prosecutor Kym Worthy has charged four Metro Detroiters with operating a fraudulent mortgage and property deed ring.

James Webb, 44, of Detroit, was the alleged ringleader of a group that included Geneva Edwards, 42, of New Baltimore, Zarvelar Weems-Jones, 46, of Southfield and Trini El-Bey, 52, of Detroit.

At a Tuesday news conference, Worthy said Webb put together a scheme to cheat potential homebuyers out of thousands of dollars and the legal property owners by illegally taking possession of 19 homes, charging prospective homebuyers fees ranging from $1,000 to $5,000 and denying the legal homeowners possession of their homes.

Worthy said the alleged scam occurred between January 2016 and March 2017 and that part of the scheme was to take advantage of unsuspecting homeowners by illegally taking possession of vacant and abandoned properties.

Kevin Costner-backed mortgage startup Lender Price names new ...

According to Costner, bringing Halbrook into the fold allows the company to continue growing.

“Adding a CEO of Jerry Halbrook’s caliber validates the Lender Price vision and strategy for mortgage lending transformation through a technologically superior digital POS and PPE platform that offers unprecedented business analytics,” Costner said.

“The mortgage industry is eager to embrace the promise of digital disruption, and Lender Price is strategically positioned to fulfill on that promise,” Costner added. “For an investor like me that wants to be in on the early stages of a business poised to transform an industry that is critical to the US economy and touches the lives and financial aspirations of millions of citizens, Lender Price is ideally positioned with a proven product, seasoned leadership and unparalleled marketing acumen.”

Halbrook takes over for Dawar Alimi, the company’s co-founder. With Halbrook coming on board, Alimi will shift and become the company’s president and chief information officer.

does anyone know how a accelerated home loan mortgage work?

Instead of making a payment monthly, some plans will set it up to pull 1/2 of your payment every other week.