respa: Who is Covered By RESPA? - 10/03/06 05:10 PM
Important to know when associating yourself with other members of the real estate community... Who is covered by RESPA? Who needs to follow the RESPA guidelines? Real Estate Brokers and AgentsMortgage Bankers and Mortgage BrokersTitle Companies and Title AgentsHome Warranty CompaniesHazard Insurance AgentsAppraisersFlood and Tax Service ProvidersHome and Pest Inspectors (2 comments)
respa: RESPA Prohibitions - referral fees, kickbacks... - 10/03/06 02:23 PM
OK. After taking a RESPA (Real Estate Settlement Procedures Act) educational training clas, I'm pretty sure that I am going to quit real estate and get a job at PetCo...
Anyway... Here is a great tidbit of information that all of you should know about...
Did you know that it is (1 comments)
respa: Types of Real Estate Fraud - 10/03/06 01:54 PM
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)
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