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kickback: Program Will Pay Homeowners to Sell at a Loss - 03/14/10 09:43 PM
Program Will Pay Homeowners to Sell at a Loss
  by David StreitfeldMonday, March 8, 2010

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
 This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of This latest program, which will allowthe administration's most aggressive attempts to grapple with a problem that has defied solutions.
More … (4 comments)

kickback: Realtor Caught in Cash-Back-at-Closing's Crosshairs - 02/01/08 09:14 AM
 
 Realtor Caught in Cash-Back-at-Closing's Crosshairs
by Ralph Roberts
According to Realtor Lori Polin, she was totally unaware that what she was involved with consisted of real estate and mortgage fraud. If ignorance of the law was an appropriate defense, she could be off the hook. Unfortunately it's not. According to a recent story in the St. Petersburg Times entitled "Unsigned letter accuses agent of mortgage fraud," Polin was allegedly involved in classic cash back at closing schemes.
Here's how a cash back at closing scheme works: The buyer pays more for a property than it's worth, and the seller agrees to … (7 comments)

 

Frank Zeno

San Antonio, TX

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