mortgage fraud Archive

They’re Back: Mortgage Schemes

If there was one major takeaway from the National Crime Prevention Council’s 2013 Mortgage Fraud Virtual Conference, it was this: The mortgage market, while no longer a wicked stepchild of the housing crisis, must still be carefully monitored. Though...

Short Sale Affidavit Tweaked to Curb Liability

By Robert Freedman, senior editor, REALTOR® Magazine The affidavit that Freddie Mac requires servicers to obtain in short sales has been changed at NAR’s request to reduce what was seen as an unreasonable amount of liability risk to practitioners....
November 23, 2011

Short-Sale Addendum Aims at Fraud, BofA Says

By Robert Freedman, Senior Editor, REALTOR® Magazine Bank of America has started requiring buyers and sellers to sign an addendum to its short-sale agreement. The addendum has raised some questions among real estate sales associates and brokers, so to...
June 14, 2011