short sale fraud: Are You Ethical With Your Short Sales?
- 09/20/10 05:47 PM
Are you ethical with your short sales? I recently read a good article in REALTOR magazine regarding short sale ethics and avoiding temptations. Real estate agents are in one of the few organizations who's members sign-off on a code of ethics and are required to take periodic update courses on ethics. As a refresher, ethics are defined as a system of moral principles, a philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. As short sale fraud becomes … (6 comments)
short sale fraud: Distressed Homeowners: Be Aware of Loan Modification Fraud and Short Sale Fraud
- 09/17/10 01:40 AM
Distressed homeowners need to be aware of loan modification fraud and short sale fraud. Homeowners that are trying to avoid Foreclosure need to be aware of two major types of fraud that are being marketed to distressed homeowners, namely loan modification fraud and short sale fraud.
In the loan modification fraud, a homeowner is told that for an upfront fee a loan modification program will be started on there behalf. A legitimate loan modification program is a program where is typically a program agreed upon between the homeowner and the lending institution holding their mortgage. It is designed to help … (2 comments)
Are you ethical with your short sales?
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