Freddie Mac alerts real estate agents to rising short sale fraud Short Sale fraud fears grow as HAFA Gets Set to Pop Jon Prior was a reporter with HousingWire through late 2012.
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Victims: Sellers, buyers, lenders. All payments made as part of a short sale transaction should be disclosed to the lenders and other parties approving the short sale. According to Freddie Mac, short sale fraud occurs when someone deliberately misrepresents a fact or omits a fact in order to induce a lender, investor,
Freddie Mac recently began reaching out to real estate associations and fielded more calls on a rising rate of fraudulent short sales.
Real Estate Agent Pleads Guilty To Fraudulent Short Sale Scheme Costing Mortgage Lenders More Than $316,000 FRESNO, Calif. – Minerva Sanchez, 48, of Fremont, pleaded guilty today to conspiracy to commit bank fraud, united states attorney Benjamin B. Wagner announced.
90-year-old WWII vet returns to home after eviction – Evicted on Stretcher, WWII Vet Returns Home in Time for Veterans Day Johnnie Hodges went home today. The 90-year-old World War II veteran had been evicted from his house on a stretcher this summer after falling behind on the mortgage because he’d been caring for his mortally ill wife.Servicers begin using HAMP for AG settlement relief Deutsche Bank analysts expect pressure to extend HARP florida housing market settles into “new normal” Subscribe to Dr. Housing Bubble’s Blog to get updated housing commentary, analysis, and information.. but this does not imply societal catastrophe or even crash of the RE market. It may just mean we have new normal. This normal will be much higher prices, so people are getting into bigger. · Deutsche Bank cited Walgreens’ new initiatives to disrupt the pharmacy landscape as having been under appreciated and will weigh on CVS in.investigation of foreclosure problems and to consider the possibilities for a global settlement of foreclosure problems, loan modifications, and the housing debt overhang on consumers and. (HAMP) has also failed, producing 495,898 permanent modifications. (note that fha fiscal years begin in October, so that Fiscal Year 2009 began in.Senators press for mass mortgage refi plan HARP mortgage interest rates are as low or lower than standard conventional refinance rates that require 20% equity. This fact is why HARP has been such a benefit in today’s refinance market. Homeowners with no equity or even negative equity in their homes can get the same rate as someone with a lot of equity.RE/MAX: March home sales build momentum for 2014 DLA Piper: Richmond eminent domain battle just beginning The Cliff House is a restaurant on Point Lobos Avenue perched on the headland above the cliffs just north of Ocean Beach, in the Outer Richmond neighborhood of San Francisco, California. It has had five major incarnations since its beginnings in 1858.
· Freddie Mac warns real estate agents of short sale fraud [Housing wire] 6. animated trailer released for the Hunters Point South megaproject.
Short sale fraud plagues the housing market. The scam artists, usually real estate agents, will secure a legitimate bid on a home, one where the borrower owes far more on the mortgage than the home is worth. Then they arrange for an accomplice investor to make a lower offer on the home.
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Scammers in the neighborhood. by property managers or the real estate agent who listed the house for sale.. properties on the market for sale. Freddie Mac had more than 53,000 houses.
HomeSteps Fraud Policy HomeSteps Policy Regarding Fraudulent, Dishonest and illegal acts. homesteps maintains a zero tolerance policy regarding fraudulent, dishonest and/or illegal acts performed, facilitated or known by any vendors selling or servicing Freddie Mac/HomeSteps homes.
Do you ever get frustrated because attempts at working with others seem to get bogged down with the same issues? Whether you’re taking part in contentious negotiations in a real estate deal, trying to merge two different brokerages, or working on bringing disparate groups together in a committee or association context, it’s important to learn how to bridge common divides.
Fannie Mae: 3 reasons why this oil glut won’t crash housing "When the housing market began its epic and historic free-fall in 2008, mortgage giants Fannie Mae and Freddie Mac faced imminent collapse. The Treasury Department stepped in with a major bailout that July. That turned out to be a vastly profitable move for Uncle Sam. And it has been paying off ever since.