A good article on mortgage fraud…

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http://www.raincityguide.com/2007/10/26/mortgage-fraud/

Jillayne Schlicke writes a good article regarding the various types of mortgage fraud that are being reported or investigated more frequently nowadays.  We stay away from clients that even smell of possible fraud but we know it unfortunately happens regularly in the industry with most consumers not realizing it is a felony.

Get educated on what is and is not considered fraud before jumping into the lending and buying fray.

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This entry was posted in agent advice, buyer's agency, financial matters, financing/lending, For Buyers, investment property, legal issues, products by Reba Haas. Bookmark the permalink.

About Reba Haas

I've been a real estate agent in the Puget Sound region since 2003 and came to the industry with a background in sales in the tech sector. I'd been interested in real estate for a long time and my mom also happens to be a 20+year veteran agent in Kansas. I didn't grow up around the industry but I have definitely taken the bull by the horns, so to speak, in my own area with some pretty positive results. I've got a great team of people working with and for me. There is tremendous power in a team and it helps to have different perspectives at times when it comes to running a business. All in all, we make a great team! We hope you'll get a chance some day to utilize our varied and excellent skill sets in a future real estate transaction. But, even if we never get to meet you, we hope you'll enjoy and appreciate the information we have to offer here.

One thought on “A good article on mortgage fraud…”

  1. “Mortgage Market Mayhem” is a good article written by Stefan Swanepoel (author of the Swanepoel Trends Report 2007) and explains how the sub prime problem has now also spilled over into other areas of the residential mortgage market, including the jumbo market. As millions of homeowners experience the clutches of the financial vice-grip tightening the real estate industry is going to unfortunately see a rise in the number of delinquencies, foreclosures and fraud. Very sad, but as Stefan calls it: “The Hangover Effect” resulting from five exceptionally good real estate years.

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