mortgage fraud epidemic: RALPH ROBERTS Fixing the System REAL ESTATE FRAUD 2010
- 02/04/10 03:24 AM
I posted this blog on ActiveRain in October of 2006. With Mortgage Fraud eroding today's real estate world like locust devouring a jungle, these words bear repeating today. Fixing the System (ActiveRain, October 2006) "Con artists will always find ways to exploit vulnerabilities in the system, but the system can fight back. My BLOG FLIPPINGFRENZY.COM reveals how everyone involved in real estate--from buyers and sellers to real estate professionals to law enforcement officers and regulators, all the way up to government officials--can work together to close the loopholes and make the system less vulnerable to fraud. By being honest and vigilant and … (1 comments)
The joint Federal-State Mortgage Fraud Initiative since its inception in September 2007 yielded substantial results in its first year: 102 individuals had been charged for their involvement in mortgage fraud schemes and more than $131,000,000 in fraudulent mortgage loans. Since September 2007, the Mortgage Fraud Initiative has resulted in charges against 264 individuals in schemes totaling more than $305 million in loans. On September 27, 2007, U.S. Attorney R. Alexander Acosta announced the Mortgage Fraud Initiative to combat the growing mortgage fraud epidemic in South Florida. The Mortgage Fraud Initiative brought together federal and state law enforcement agencies to … (2 comments)
FlippingFrenzy.com is your source for news, information and commentary about Real Estate and Mortgage Fraud. FlippingFrenzy.com has quickly become one of the leading online resources for following the crusade to spot, stop, and report real estate fraud. acticerain acticerain acticerain acticerain acticerain
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