fraud: When we tell the FBI the truth
- 10/03/08 11:16 AM
I was in a seminar given yesterday by the FBI fraud division. They were discussing their efforts to clean up real estate fraud of various kinds. Right behind me, an agent raised her hand and asked, ......."You know, for the longest time, we have been putting anything on the loan app that would get the buyer qualified. Is that fraud?" Most of us laughed but then we realized she wasn't kidding. She was one of these agents who does loans and real estate. And, she was trained that you do whatever it takes to put the deal together, including commiting lender … (9 comments)
Guy Berry is a frequent expert witness in real estate litigation and an accomplished trainer in real estate law and contracts. In addition he has been licensed for 30 years as an agent and managed large offices, including Coldwell Banker and Century 21.
I was in a seminar given yesterday by the FBI fraud division. They were discussing their efforts to clean up real estate fraud of various kinds. Right behind me, an agent raised her hand and asked, ......."You know, for the longest time, we have been putting anything on the loan app that would get the buyer qualified. Is that fraud?"
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