Short Sale Fraud - Recorded Phone Conversation - 01/24/10 11:58 PM
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 … (4 comments)

Bank Fraud, Short Sales, Kickbacks and Ethics - 01/15/10 12:02 PM
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 CNBC Story
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 fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks. I was first … (1 comments)

Short Sales, Bank Fraud and Off-HUD Payments Blog Post - 01/11/10 11:51 PM
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 these payments not disclosed on the HUD statement, intimidate agents and home owners, and even say up front that if the payments are disclosed, they will stop the short sale from proceeding.
Read the story...
 
… (4 comments)

 
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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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