Florida REALTORS may be liable if fraud is committed in a Mortgage Transaction!!!!! - 10/19/07 03:56 PM
I just received the following email from my local Association of REALTORS:
"You could be liable... Did you know that if you are involved in a real estate transaction that involves a mortgage, and a fraud is committed by the buyer, the seller, or the closing agent you as a REALTOR may be liable for fraud and could be charged with a felony?"
"In July, 2007, Florida passed into law a mortgage fraud statute F.S. sec."
"817.545 which broadly defines the mortgage lending process to include anyone who receives proceeds from a loan transaction. F.S. sec. 494.0025, states that it is unlawful to be … (11 comments)

 
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Becky Troutt

Bradenton, FL

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Reynolds Realty of Manatee Inc

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