The new guy named Jeremy wandered into the discussion about short-sale fraud the other day, and found that long-time readers here don't take kindly to scams - and scammers. But we've seen how short-sale fraud has run unabated, and that it has practically become a...
We haven't heard anything about short sale fraud in a while - here's the latest:
Hat tip to the folks who sent in a link to the new home-value estimator. I'm presenting what I've seen; please come to your own conclusions. Here is the sexy explanation on their website, taking a direct shot at the other real estate portals:...
Thanks to Susie for sending in this story of everyday realtor fraud - committed by the third-highest-producing agent team in the country - and an agent who just couldn't be a do-gooder and turn them in. He tried to extort $800,000 from them instead:...
Hat tip to daytrip for sending this in from the latimes.com: http://www.latimes.com/local/lanow/la-me-ln-squatter-art-thief-charged-20151020-story.html When police responded to reports of a squatter at a San Francisco mansion over the weekend, they didn't expect to...
A sophisticated scam by fraudsters hacking into realtor accounts: http://www.turnto10.com/story/30190372/real-estate-scam-costs-ri-couple-13k There’s a consumer alert about an apparent scam targeting families in Rhode Island after a local couple lost $13,000. Experts...
Hat tip to W.C. Varones for sending in this article on Crisp and Cole, the two real estate agents in Bakersfield who were found guilty of defrauding banks out of nearly $30 million:...
Hat tip to WW for sending this in! https://krebsonsecurity.com/2014/04/phishers-divert-home-loan-earnest-money/#more-25690 Real estate and title agencies are being warned about a new fraud scheme in which email bandits target consumers who are in the process of...
Here is investigative reporting for you. Jason Hidalgo from the Reno Gazette-Journal found that dual-agency short sales with a prearranged cash buyer accounted for more than 10 percent of Northern Nevada’s 2,096 single-family home short sales last year. He looked me...
Last summer I met with an FBI agent to discuss a local realtor. I submitted 32 pages of conclusive evidence that implicated the realtor in committing 19 cases of short-sale fraud. Though the agent said he would pursue it, I never heard from the FBI again. Hat tip to...
