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Blog entries tagged with "real estate fraud":
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Fredric "Rick" Dryer Found Guilty on 44 Counts in Colorado Real Estate Fraud Case
I recently was working on a listing for a nice young couple from my former hometown. They had asked me if I would list their property after they had tried for several months to sell it privately. The catch was, they first wanted to wait to see if a private deal … (8 comments)
........even Realtors and real estate professionals but more so--The Public. That is why I created this group: Real Estate Fraud, Scams, and Ponzi schemes REPORT THEM HERE.
I would like to invite everyone to post any fraudulently activity here to this new group.
Just the other day a “Title Rep” presented … (7 comments)
Do you ever feel like you are at the besieged Fort and waiting for the cavalry to come to the rescue, but you cannot hear the sounds of the bugles leading the charge? The faint sounds cannot even be heard in the far off distance! Remember all those cowboy movies when … (14 comments)
In my business dealings as a short sale specialist I hear a lot of interesting stories. I am AMAZED at how many calls each week I get from people who have been victims of real estate and/or mortgage fraud. They really are victims... because these people's lives have been totally turned … (12 comments)
Sacramento saw a Realtor and several unlicensed mortgage lenders picked up by the FBI this week for fraud.
Con artists are everywhere. They are out there waiting for an opportunity for them to defraud you. The real estate industry is not spared from such people. Whenever you invest and purchase properties, you should always remember that real estate transactions are also built on two main and common factors, … (2 comments)
The photos on the sideboard were taken at Loews Ventana Canyon Resort, located north of Tucson, where I spent several wonderful days this past week. I was invited by my new friends at TitleServ National to give a presentation on leveraging the power of relationships. It was a great opportunity and … (16 comments)
http://www.californiarealestatefraudreport.com/
If your getting any invitations to put your money into quick return investment programs that are secured by real estate. RUN!!! If your pushing these programs, you better get a good attorney, this man in Ogden is going to be in jail for some time!
This is my typical morning before I go to work: Have my cup of tea, turn on the Today Show for background noise, and read my morning paper. 
All realtors should be given an award for all their hard work during these challenging times. It is not the professional Realtor's fault that they are in a trying buyer's market, it is not their fault for the subprime lending fall out and it is certainly not their fault that so … (5 comments)
I have written 2 blogs about closing cost fraud and have received many comments - some of which are very disconcerting. I have found some agents find this practice acceptable which to me is very scary.
So my house is on the market currently here in scenic Harrisburg NC...
Join our team in the Northwest suburbs. We'd like your help to root out bad actors in our local industry. Please email us any information you might have ( you can email it anonymously ). We'll check it out discretely or anonymously and report here about what's going on. 
I read an article in the local paper this evening that raises a lot of questions. The article recounts the fate of a man who sold his parents' home. 
I got some interesting emails from readers responding to my recent posts on real estate fraud. Here’s one of them (posted w/ permission from the author, with names and minor details changed):
MORTAGE FRAUD? IN SOME STATES IT MAY RESULT IN A "PERP WALK."
I recently had this article sent to me on Friday since I subscribe to one of newsletters from Realtor.org. Tell me what you think about the article. I really do not understand why people in this industry would want to be a part of this type of activity. There are a number … (1 comments)
A recent article in the Minneapolis Star Tribune, "Straw Buyer deals fuel tidal wave of foreclosures", discusses a problem that has been big for over a decade. Back in the 1990's, it was called the "Flipping Scandal". It involves property sold at inflated prices to unsuspecting buyers
Last month I had a deal fall through which involved an Investor, a shady Realtor, a questionable Lender and an alleged Title Company the Investor worked with.
I have submitted another posting on the Real Estate Finance Market market, with basic news on what is happening every day. I think the next logical step is to talk about WHY this is happening. The main motivation and reason that a market collapses or gets saturated is greed. There is soooo much … (13 comments)
According to an FBI Press Release dated March 8, 2007 the FBI entered into an agreement with the Mortgage Bankers Association to combat mortgage fraud. The press release contains an "advertisement" that the FBI has created announcing that Mortgage Fraud is Investigated by the FBI.
These Scam Artists were BUSTED!by Kaushik Sirkar, Chandler REALTOR®Chandler AZ Real Estate
That's my dilemma today. 
Fairfield attorney convicted in $2.5M bank fraud 
Robert D. Ashby, President of Solid Rock Mortgage Corporation has successfully completed the Certified Identity Theft Risk Management Specialist curriculum and now joins the ranks of select professionals nationwide who have earned the CITRMS certification. 
With the foreclosure rates increasing and the market decreasing, you need to be extremely savvy and keep clear of Mortgage Fraud. Just like in many other businesses, Mortgage Fraud has taken on a new level because of technology. People who should be trusted by consumers are leaves the consumer standing … (1 comments)
Where are the honest ethical Real Estate and Mortgage professionals? When are the good, honest hard working professionals going to stand up and help put an end to these terrible crimes that fraudsters commit to steal homes from families. 
In 2005 these were the Top 12 Real Estate/ Mortgage Frauds committed (per the Prieston Group Claim Files) as well as the TOP 8 Fraud "Hot Spots" in the U.S.
FRAUDS
Occupancy Fraud: 31%
Undisclosed Mortgage/Property: 23%
Employment/ Income Fraud: 22%
Phony VOR/ VOM/ Lease Contract: 7%
Transaction Misrepresentation: 5%
Straw … (0 comments)
The Ontario, Provincial, Government has finally reacted to public pressure with regards to Real Estate Fraud. Since Last November homeowners in Ontario were left with a dark cloud over there housing dreams. A court decission judged that a mortgage filled on a property, by means of fraudulent documents, is a valid mortgage. This is because under the Title system … (0 comments)