Tweet Came across this press release by CoreLogic which puts out a short sale research study with some very interesting statistics, the first of which has to do with short sale fraud, which we have talked about here before. You can download the full PDF file, for free, by clicking this link HERE. It’s a [...]
Tagged Education, estimates, forecast, fraud, research, short sale, short sales, study, volume
Tweet Over the weekend, Freddie Mac published an informational article discussing what it has called, “Short Payoff Fraud”. This article tipped off quite a bit of anxiety among investors and agents. Many are suggesting that this new classification of “Fraud” effectively eliminates the A to B – B to C transactions which investors often use [...]
Tagged Disclosure, fraud, freddie mac, government, regulation, short sale, short sales
Tweet Interesting article credited to CNN today: Video courtesy of CNN: SHORT SALE FRAUD, CITI MORTGAGE, JPM, JP MORGAN, BANK OF AMERICA, HOUSING CRISIS, SHORT SALES Posted By: Diana Olick | CNBC Real Estate Reporter Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage [...]
Tagged bank of america, BofA, fraud, short sale, short sales, subordinate lienholder