When we tell the FBI the truth

Good to know.  I think this is a very important post!  Real estate professionals should make it their own business to blow the whistle when we see real estate fraud of any kind, rather than staying out of it.  It is, after all, our business.  And any little thing we can do to help get this economy back on its feet will help.

Wow.

Scary, that she had to ask and is working with people.

Does that mean we can turn our representative in government, CEo of failing companies, and Fed Chairmen in?

Lou Farris, MBA, Realtor(R)

Guy,

I like your post a lot...I think it's funny that someone would continue to practice this crap and on top of it admit it to an person affiliated with the FBI. Not enough personnel?...are the working in the loss mitigation department?:)

It seems like the shenanigans have stopped for the most part. I'd bet that the next real estate related fraud will be connected to short-sales.

I'm amazed that someone would ask that question today with all of the news surrounding mortgage fraud.  There are a few agents and loan officers in my area under investigation.  I'm sure we can all name someone who we think was involved in some shady dealings.

So glad I was trained the right way.. I sometimes am accused of being "too by the book". I say, you can do just as well ( if not better  in this business doing the right thing.

The interesting thing is that apparently this gal had NO idea that what she was doing was wrong, or was fraud in particular.

I think some of the problem goes back to a low threshold of entry for lenders and for agents. Even worse, lenders who work at banks don't need to be licensed in California. What's up with that?? Everyone should be regulated equally, and the standards should be toughened up to include a serious and comprehensive study of ethics to be licensed.