Wednesday, March 30, 2011

A New Spin on Short Sale Fraud

This is a couple of weeks old, but is certainly timely. The podcast is about 18 minutes long, but you can listen while you search the interwebs for the perfect comparable sales.

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.


Unknown said...

Thank you so very much for keeping us up to date, Frank!

Anonymous said...

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 They do not cite the source for recent rates but it appears that they use their own fee schedule they have been paying appraisers over the last year.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