Freddie Mac alerts real estate agents to rising short sale fraud

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.

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 · 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.