mortgage fraud: WHAT WILL IT TAKE TO END MORTAGE FRAUD? IT MAY BE HAPPENING.
- 10/10/07 06:34 AM
MORTAGE FRAUD? IN SOME STATES IT MAY RESULT IN A "PERP WALK." ACTIVERAIN HAS seen a been he source of numerous posts covering the many aspects of mortgage fraud. We have some very knowledgeable lenders and real estate agents and brokers who are interested in the subject matter and it helps to share our experiences and resources. MANY OF US HAVE BEEN VERY VOCAL ABOUT OUR BELIEF THAT PROSECUTIONS ARE ONE OF THE SOLUTIONS TO THIS SCOURGE OF THE REAL ESTATE AND MORTGAGE INDUSTRY. The below web sites paint a completely different picture. It appears that the prosecutors are coming around and putting resources where … (18 comments)
mortgage fraud: MORTGAGE FRAUD THRIVES - THE PLAYERS ARE THE SAME
- 09/29/07 04:32 AM
MORTGAGE FRAUD HASN'T BEEN ELIMINATED. MORTGAGE FRAUD IS ALIVE AND WELL AND THE PLAYERS HAVEN'T CHANGED.There was never anything wrong with any of the mortgage programs made available to borrowers. The problem was mortgage fraud. Who facilitates mortgage fraud? This post was inspired by Bryant Tutas' report of the loan application with his buyer this week. Bryant witnessed first hand some of the causes of the present mortgage loan debacle; mortgage loan officers who write the loans, knowing full well that the loan application is fraudulent, buyers' agents who don't get the training necessary or be willing to supervise their buyer's … (55 comments)
mortgage fraud: FALLOUT FROM AMERICAN HOME MORTGAGE BANKRUPTCY
- 09/12/07 06:51 AM
WHAT HAPPENS WHEN A MORTGAGE COMPANY USES TRUST MONEY FOR OPERATING FUNDS?Heard on the news today. About a dozen home owners in Frederick County, MD havebeen noticed by the Frederick County Office of the Treasurer, that their real estate taxes have not been paid.These are home owners with American Home Mortgage and their real estate taxes and hazard insurance was collected and held in their escrow acount as a condition of their mortgage loan. Taxes are due every6 months in Maryland and were due July 1, 2007. Many mortgage companies require taxes and hazard insurance to be escrowed and if the … (28 comments)
MORTAGE FRAUD? IN SOME STATES IT MAY RESULT IN A "PERP WALK."
;)
;)
;)
