Courtesy of the National Association of REALTORS.
Freddie Mac Investigator Robert Hagberg in a podcast from NAR Legal Affairs discusses some of the recent short-sale payoff fraud schemes, such as "flopping," that he’s seeing. He also discusses the various ways—good and bad—that real estate professionals are involved.
HERE is the LINK.
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2 comments:
Thank you so very much for keeping us up to date, Frank!
Frank,
When the Interim Rule came out I wrote to you about the rule giving the AMC and lender's "wiggle" room on R&C fees. Your response was that it wouldn't give them wiggle room. Well it appears that it has. Corelogic today has sent out their rate sheet for Texas and a normal appraisal is $245. They claim it is consistent with recent rates (prior year) which the Dodd Frank bill allows. They do not cite the source for recent rates but it appears that they use their own fee schedule they have been paying appraisers over the last year. Please post on this issue. I appreciate your blog. I wish you could post more. Oh, they also say the info on their rates cannot be shared and that it's confidential info. Matt
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