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$30 Billion Mortgage Fraud Scheme Uncovered.... FBI news conference at 11am

By
Real Estate Broker/Owner with Lake Homes Realty

The FBI has uncovered a massive loan fraud scheme reaching 40 states and possibly 800,000 homeowners that may cause readers of this story to not consider that today is April 1. This situation can happen each year at this time, despite the fact this is indeed an annual event on everyone's calendar. 

This, of course, is all meant in the spirit of fun. But this is also a very IMPORTANT BUSINESS lesson for how we approach our business, our clients and the public when processing and discussing the daily news... please realize that the story behind each headline may not be what the headline suggests. 

Naturally, this post is an exaggeration of this concept but that does not mean this concept does not happen commonly in the media.

Headlines are about grabbing attention, not sharing the details or even the facts.  So always be careful about treating headlines as "the" news.  And have a great day!

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Posted by

Glenn S. Phillips is the CEO of Lake Homes Realty, the multi-state, full-service, lake-focused real estate brokerage powered by LakeHomes.com.

 Lake Homes Realty - LakeHomes.com

 

 

Kate Bourland
Marketing with Kate - Redding, CA
Onlilne Marketing Mobile Marketing

This is the 2nd April Folls blog I've fallen victim too.  Silly me.

Apr 01, 2009 01:47 AM
Glenn S. Phillips
Lake Homes Realty - Birmingham, AL
CEO, Lake Homes Realty / LakeHomes.com

Well, I hope you are smiling... and that there was also a beneficial lesson too.  Have a great day!!   G

P.S.... I'm sure my turn is coming.  I work around very smart folks.

Apr 01, 2009 01:50 AM
Amanda Wilson
EWM International Realtors, Inc. - Fort Lauderdale, FL
Real Estate Advisor

thanks Glenn...for reminding us.."it's not always as it appears to be."

Apr 01, 2009 01:52 AM
Terry Chenier
Homelife Glenayre Realty - Mission, BC

Glen,

Thanks for that; jeez, everyone's getting on the bandwagon today.

Apr 01, 2009 03:20 AM