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The Short Sales and Bank Fraud story continues to gain traction.

After CNBC aired the story we brought them, dozens of other media outlets, bloggers and authorities have contacted me to discuss this topic.

Here is the story of how this fraud initially came to our attention, along with the evidence to back it up.

Last year, I was contacted by an experienced real estate agent in our network who negotiates many short sales.

She had recorded a conversation between her and a supervisor in the loss-mitigation department at a major national lender, who she felt was trying to get her to do something illegal.

Here is the audio of that recording, along with the transcript. The names have been removed at the request of the agent to prevent backlash from the bank.

Listen to Off HUD requests by national lender

 


Bank Fraud, Short Sales, Kickbacks and Ethics
Jeremy Brandt (1-800-CashOffer)
CNBC ran our story today on short sale kick backs and bank fraud, thank you to all the real estate agents across the country who participated by shared their experiences - hopefully this will influence banks to stop this practice. Read the Full…
Short Sales, Bank Fraud and Off-HUD Payments Blog Post
Jeremy Brandt (1-800-CashOffer)
We recently uncovered a massive fraud in how some banks are handling short sales… There has been a disturbing trend recently of lenders asking for back-channel, secret deals in order to approve a short sale on a home. These lenders ask that…
Listing property that is already listed.
Jeremy Brandt (1-800-CashOffer)
Here is a great post by a real estate agent who gets it. Unfortunately, we see many agents who are contacted by desperate home sellers, only to tell the seller "I can't help you, your house is listed". ------------------------------------------…
HomeFlux - Motivated Home Sellers Looking for Real Estate Agents
Jeremy Brandt (1-800-CashOffer)
Who is HomeFlux. com As real estate investors, we at 1-800-CashOffer work with highly motivated and distressed home sellers on a daily basis. In fact, we have thousands of distressed sellers contacting us each month from our marketing efforts and…
 
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Jeremy Brandt

Southlake, TX

More about me…

1-800-CashOffer

Address: 2140 E. Southlake Blvd., Suite L615, Southlake, TX , 76092

Office Phone: (888) 424-4722

Email Me

I manage a national group of real estate investors and some agents who work with distressed and motivated home sellers.


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