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Shortsale Sellers-Mortgage Fraud-Use Those Words Carefully!

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Real Estate Broker/Owner with REAL ESTATE REFERRAL NETWORK 209970

Here is one NOT to be missed. It is from Midori and is part of my Things to Consider series. Short Sales and Foreclosures in the Ashevillearea are NOT so evident as they may be in other parts of the USA, but we pay attention when "mortgage fraud" is mentioned!

Original content by Midori Miller BK645709

Mortgage Fraud -Think and use these words carefully if you are a short sale seller!  I say this because I have seller's calling me from all walks of life...from different states...with different situations..short sale situations and some sellers choose the words mortgage fraud!

When I hear mortgage fraud...I ask immediately...have you called an attorney? In most instances..a REALTOR is the first person they call..and in some instances its just been me!

My advice to sellers:

Be very careful using the term mortgage fraud..you may in fact implicate yourself!  Seek the advice of an attorney..especially if you have..a stated income loan...or You know the 1003 application...has false information..after all you signed the darn thing and that signature might be enough to implicate yourself.

My advice to REALTORS:

Ask thought provoking questions..you'll get the answers...and most of all listen..and the next time you speak to a short sale seller let them know..their very own actions might in fact implicate them.  Remind them you are not an attorney..and that they should in fact..seek the advice of an attorney!

Has a short sale seller contacted you and used the words Mortgage Fraud and what advice did you give them?

Midori Miller is a licensed real estate associate with CENTURY 21 Sundance Realty, Company Trainer and Manager.  If you are interested in a career in real estate please contact me!  All calls and inquiries are confidential.  CENTURY 21 Sundance Realty is located in Volusia County with 3 office locations to better serve the public.  Daytona Beach, Ormond Beach and Ormond by the Sea.

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