The real estate industry gets accused of its slimy tactics quite frequently, and it is well deserved - you really should Get Good Help! In a last-ditch effort to survive, the red team went into the rental business recently. Here they have been publishing a 'corporate...
Fraud
Seller Impersonation Fraud
Occupancy Fraud
The interest-rate they get is only 1/2% better, but the down-payment requirements are lower - and that's where the trouble starts. For those looking for some legit doom potential, here ya go!
New-Age Huckster
It's amazing he has gotten away with this for so long.... “It’s a wake-up call to the middle class,” a booming voice assures listeners during the intro to Grant Cardone’s weekly podcast, This Is Not Your Daddy’s Economy. For listeners, Cardone has become the...
Loan Fraud Pushed Home Values
While the PPP fraud was rampant across the country, the ultra-low mortgage rates and lack of inventory were more to blame for inflating home values recently - at least around here: Anecdotal evidence suggests that many recipients of fraudulent PPP loans used the funds...
Preventing Title Theft
Those who don't have a mortgage are particularly susceptible to fraudulent acts. Check out this free service being offered by the county to alert you! Hat tip just some guy! Is title lock insurance a good investment? Such insurance usually costs from $12 to $20 a...
Wire Fraud
Hat tip to just some guy for sending this in - an excerpt: BEC scammers typically engage in what Alex calls a shotgun approach. They compile contact information for random players involved in any real estate transaction—lawyers, brokers, title agencies, mortgage...
SB 1079 Exploited
An excerpt from this article: Riggins, 67, retired early from his career in construction and maintenance for the city of Richmond after a knee injury put him on disability in 2008. But, the income from his tenants helped keep him afloat. “The building was in good...
Wire Fraud
Written by Richard Hopen from COMPASS Short Hills NJ: When my wife and I sold our house in 2017, our $239,000 mortgage payoff was stolen. The money was never recovered. We were victims of real estate wire fraud. I’m not only a victim, I’m also a real estate agent and...
Listing Scam
Surprised we don't see more of these - and wouldn't you disappear after stealing $5 million? LOS ANGELES – A Southern California brother-and-sister team were arrested today on federal charges alleging they orchestrated a $6 million real estate fraud scam in which they...