Anyone have other horror stories to share? I am looking for proof that certain banks and their loan originators knew exactly what they were doing was fraud. Here's my story in full:

http://www.blogofsandiego.com/#09/23/2009

I'm not certain if this is the right forum, but I've been working my tail off as a consumer to try shed light on a particular mortgage broker that seems to be scamming the system.

All the details are available and I can go into them, if it is of benefit.

The simple description is a broker who is offering to help people out of their mortgage problems. He initially helps them move the home ownership to a new shell trust that is 'managed' by a friend of his. Removing them as owner and putting a cloud on the title perhaps.

He gets the owners into a different property, or at least does so in name. Lists the primary as 'rental' yet doesn't try rent it, thus creating a hardship that really wasn't there in the first place.

Once the homes are in this situation, and I'm not certain how this is all working, he represents the sale not as a short sale, or as a foreclosure, but as a legit sale. But when offers come in (like mine), he doesn't even bother to present them to the original owner, or to the trust. He's sitting on these, setting auction dates. Now, what I don't know is if he's picking them up afterward, or how the things continues.

Local realtor license authority doesn't seem to care. Local association of Realtors doesn't seem to care. Attorney General office points back to the licensing department until it's determined it's criminal.

The broker has a dozen properties. All are held by these shell trusts. There's repeated shell games going on if tracking the ownership of some of these properties.

Does this 'smell' wrong? Should I continue to try put pressure on finding out what's going on and shine a light on the activities?

If the answer is yes, then how can I do that if the local authorities don't seem to care?

Thanks!