How is baseball like applying for a home loan? Read the title.
I am thoroughly amazed at how normal, sober, upstanding members of the community purposefully commit mortgage fraud. Like baseball, they don't cheat alone; they have plenty of help. Lazy Realtors and shady mortgage brokers will gladly "go the distance".
The buyers were encouraged to lie on their loan application.
READ ON AT AMERICA'S MORTGAGE BROKERGreat post Brian...Unfortunately we live in a "Me Society" in todays world. By this I mean that the majority of people have a "Me Attitude" and will do what they want to do, when they want to do it whithout regard to how it will affect the people or situations around them. Very sad but very true.
And I stopped watching baseball when free agency went into effect
Linda, that's a whole 'nuther post BUT for fun, how, as a Republican, could you dislike free agency? It breaks the "union" mentality that permeated baseball for years.
It ain't only baseball and mortages, but goes all the way to the top, just look at our leaders, lied us into a war were not only houses and loans, but our young sons and daughters lives are at stake
I'll disagree with the illustration, Michael, but certainly stipulate that the leadership of our country has lacked moral fiber since 1988.
Let's just all keep working to improve the situation and not give up. Play ball :-)
Attagirl, Carole. You don't have to throw the baby out with the bathwater. We can still do business honestly and enjoy a Little League game.
It's sort of like pirating software - they don't get it, don't care and try to make you feel like you are the one doing wrong when you say "no".
Great example, Christine. I was a serial MP3 down loader until I realized that I was stealing intellectual property . Gosh, it's only .89/song.
If it is wrong, don't do it. That simple
Exactly what I expect form Robert Ashby.
It's like Alice in Wonderland.
And, with that, John, I'll end my comments. It's like Alice in Wonderland.
YOU GO BRIAN!!!
ETHICS AND GOOD BUSINESS....... they go together!!
Nice post.....I can see why you got a star!!
=-)
Mortgage fraud is being taken seriously these days. It's a matter of who is going to get caught and when.
I didn't know they was steroids! I didn't know the hurricane was going to be that bad! I didn't know I needed to disclose that! I didn't know about teacher loans. It's all the same BS.
But I understand it all better now, because Dubya told us yesterday that we are all suffering from war fatigue, and it affects us psychologically. "I understand that," he tells us. If he would just get Barry Bonds to replace Antonio Gonzales, we'd all be better off.
Mortgage fraud is being taken seriously these days.
I don't know, Carol. The problem is that it is so prevalent that the "little" frauds, like misrepresentation on loan applications are being shoved aside. I hope you're right because I'm feeling too much like a Boy Scout.
Thanks Brian,
Fraud in lending - I have seen too much of it and it's not the media-feeding sacrificial Brokers, either. The Big Dogs - banks and Top 5 lenders. Worst part is, the fact they get it done by breaking the law leaves the legitimate lender looking like a fool, truly adding insult to injury.
But I'm with you - can't change my stripes.
Art Egg-on-his-Face Blanchet
Ricky...
As you know Fraud is rampant in our area right now. We just dealt with one of these fraudulent offers. Funny thing is until the government itself steps in this will continue. I think it was Ines Garcia that tried to report a fraudulent transaction she was told that Florida does not have enough man power to handle the cases that get reported every year. That kind of puts our backs to the wall. We both know that someone out there is going to accept the kind of offer that just went across our desk even if we did let our dog crap on it Friday :)
Okay. I am not done. I forgot to say the players involved the kind of offer we received will eventually steal first base and Yell "SAFE" when they get paid. And they probably will be safe. For now :)
TLW...ROAR!
Brian great post! As a fairly new agent, I find that I just need to be more knowledgeable on the loan side of things. I do have enough sense that when asked to something by a loan officer, I run to Chris for advice. Normally, to find out that I dont want any part of it.
I had a closing a couple of weeks ago, where the lender showed up demanding $1400 more for closing. He didnt do this on the HUD, he waited for us to show at closing, and then wanted to add it. Well, my sellers werent going to budge, then they mentioned it coming out of my commissions. Well, they got the look. Then they offered a solution and we told them that it wasnt legal, he said of course it is. We told him we would do it if the attorney said it was ok. Guess what, the $1400 disappeared.
That lender is on my STAY AWAY FROM LIST!
You offering any courses for us agents who want to play by the books?
Ricky...
Your post and the offer we received prompted me to do a little research ... This is what I found and I sure hope it will us and our market.
<Christ Signs Bill To Curtail Mortgage Fraud> Now if they can get some man power behind this we will be better equipped to deal with this crap.
TLW...ROAR!
"gamble his paycheck on some underwriter from a big bank"
??????
What happened to looking out for the best interests of your client?
Both of these agents sound like they need to find another profession to be in.
Comments(57)