mortgage fraud: Real Estate Fraud :: a Case Study - 10/25/07 10:22 AM
I got some interesting emails from readers responding to my recent posts on real estate fraud. Here’s one of them (posted w/ permission from the author, with names and minor details changed):
  
Chris,
I was approached by an acquaintance, Phil, to invest into a get rich quick scheme. I was to be the buyer and mortgage holder for two houses, but all documents and paperwork would be mailed to Phil’s residence and Phil would be responsible for all mortgage payments and monthly maintenance fees. I was promised a gift of cash in exchange for using my good credit. All was good for … (1 comments)

mortgage fraud: Real estate shell game - part 2 - 10/24/07 02:49 PM
I've written a lot recently on real estaet fraud, to include posting a schematic of a popular investment collusion fraud that is plaguing many communities. 
Unfortunately there are many variations on this theme.  Here's another scheme that real estate con men are using to bilk investors:
Whether you're an investor or a real estate professional it pays to know the basic mechanisms of these schemes so you can identify them when they start popping up in your community.  Check out this YouTube video which profiles some victims of the scheme. 
Related posts:
Real Estate Shell Game :: Recognizing FraudReal Estate Shell Game :: … (4 comments)

 

Christopher Smith

Houston, TX

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