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Mortgage Fraud 101 – Short Sale Fraud
All too often in real estate we focus on the sensational stories and neglect the most obvious abuses of mortgage fraud.  Since fraud is involves stealing something that's not yours there are many ways to take something that you are not entitled to.  It starts with deception, and ends with the possession of ill gained goods.  Since short sales en-masse are so new, everyone assumes the process is transparent and legal.  I am taking the position it isn't, and it is mired in deception and fraud.
Real Estate has always been know for change - it is our only constant.  Right now in real estate the current item we are now dealing with  in most of our markets is short sales.  All of a sudden everyone is an expert and a negotiator.  Just a few years ago short sales were the oddity and seldom seen even by the most experienced agent.  They were not worth the time to deal with in our every day business.  Today short sales have become a house hold word - they are trite.  "Short sales" are the new buzz word in real estate. 
In the past agents that normally would not get involved in a short sale because there was no guarantee of a ... more

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