2 Articles match "Appraisal","Illinois","Sales"

The Latest from RealtyTrac MORE
FBI: Mortgage Fraud Begets Foreclosure
The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. An illegal property flipping scheme involves fraudulent appraisals and loan documents for a straw buyer who never intends to pay off the loan. If not caught, the flipper pockets the profit produced by the artificially inflated The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.”
www.foreclosurepulse.com - Tuesday, December 16, 2008
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As Foreclosures Mount, Candidates React to the Credit Crisis
We need to put an end to fly-by-night mortgage brokers peddling loans to unqualified applicants based on inflated appraisals.'” 39;” By contrast, Illinois Sen. Brokers should have to act either as agents of the borrower, thereby owing them a fiduciary duty, or as agents of the lenders, who would be responsible for the brokers' sales practices.” With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Sensing an opportunity to win votes, the major
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • FBI: Mortgage Fraud Begets Foreclosure
    The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. An illegal property flipping scheme involves fraudulent appraisals and loan documents for a straw buyer who never intends to pay off the loan. If not caught, the flipper pockets the profit produced by the artificially inflated The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.”
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Foreclosures Mount, Candidates React to the Credit Crisis
    We need to put an end to fly-by-night mortgage brokers peddling loans to unqualified applicants based on inflated appraisals.'” 39;” By contrast, Illinois Sen. Brokers should have to act either as agents of the borrower, thereby owing them a fiduciary duty, or as agents of the lenders, who would be responsible for the brokers' sales practices.” With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign. Sensing an opportunity to win votes, the major
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE