Robert Shumake's (reitadvisor) Blog

Services for Real Estate Pros - Inheritance Capital Group, LLC



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Mortgage fraud is defined as the intentional misrepresentation of information, by applicants, loan officers or other parties, which is relied on by an underwriter to provide funding for a mortgage loan.    Mortgage fraud is divided into two categories:  fraud for property and fraud for profit.  F...
The downward trend in the real estate market has encouraged mortgage fraud perpetrators to develop and utilize many schemes.  The recent rise in foreclosures along with a depressed market, declining values and decreased demand has placed pressure on lenders, builders and home sellers.  Fewer loan...
Predatory lenders are lenders who commit mortgage fraud to help homeowners get a higher loan.  They may obtain inflated appraisals, falsify income information or do whatever it takes to qualify the borrower for a mortgage.  In many cases, the borrower cannot afford the terms of the mortgage.   Pr...
According to the US Federal Bureau of Investigation, mortgage fraud is one of the fastest growing white-collar crimes in the country.  Robert Shumake found this out the hard way, when he was the victim of mortgage fraud.   When Shumake tried to sell a house that he purchased and fixed up, he foun...

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