DOVER — After pleading guilty to defrauding a dozen friends and neighbors, a former school official will serve at least 18 months in prison and must pay about $278,000 in restitution. While the case is tied to other victims, Nickolas Skaltsis, 62, of 6 Erik Drive, waived the indictment process and pleaded guilty to three counts of theft by deception and one count of theft by misappropriation of property. Dover resident Gary Green, who was taken…

Testimony of the Honorable David A. Montoya Inspector General before the United States Senate Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies on the Federal Housing Administration (6/04/2013)

Testimony of the Honorable David A. Montoya, Inspector General, before the U.S. House of Representatives Committee on Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies on HUD Management Issues (03/14/2013)

Testimony of The Honorable David A. Montoya Inspector General Office of Inspector General U.S. Department of Housing and Urban Development on HUD Management Issues (03/29/2012)

While the majority of companies promoting FHA reverse mortgages are safe there are some mortgage fraudsters out to take your money, your house, or even your identity. Reading this alert is your best defense. A reverse mortgage allows borrowers to convert part of the equity in their homes into cash without having to sell their homes. To aid in this process, borrowers must meet with an FHA-approved Reverse Mortgage Lender to discuss program…

HUD OIG drafted a fraud bulletin outlining potential common reverse mortgage schemes that borrowers may face, along with actions to take and not take if you are considering a reverse mortgage loan.

HUD OIG drafted a fraud bulletin outlining potential common reverse mortgage schemes that borrowers may face, along with actions to take and not take if you are considering a reverse mortgage loan.

Dishonest people may approach you with fraudulent offers of assistance during these economically difficult times. Be on the lookout for these common schemes. Note that scam attempts may be made by phone, mail, text, email, social media, or in person.

Be aware that dishonest people may take advantage and could attempt to harm renters through scams or forms of harassment.

HUD OIG drafted a fraud bulletin outlining potential loan modification and foreclosure rescue schemes that borrowers may face. 

In response to the pandemic caused by the coronavirus disease of 2019 (COVID-19), Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides the U.S. Department of Housing and Urban Development (HUD) the authority to provide flexibilities to keep the industry moving. These flexibilities provide new opportunities for people to take advantage of the system.