Comments on: Mortgage Horror Story of the Week–Mortgage Fraud meets FSBO http://www.lendingclarity.com/2007/01/29/mortgage-horror-story-of-the-week-mortgage-fraud-meets-fsbo/ Home loans made easy Fri, 21 Nov 2008 17:33:33 +0000 http://wordpress.org/?v=2.3 By: Marc http://www.lendingclarity.com/2007/01/29/mortgage-horror-story-of-the-week-mortgage-fraud-meets-fsbo/#comment-223 Marc Fri, 23 Feb 2007 18:57:54 +0000 http://www.lendingclarity.com/2007/01/29/mortgage-horror-story-of-the-week-mortgage-fraud-meets-fsbo/#comment-223 Yes Lucy, just small change. $60k is no big deal. I believe it will get worse before it improves. There is just too much money involved. I am worried too that scammers will target For Sale By Owners, trying to take advantage of a naive consumer who may be unaware for this stuff. An increasing awareness is the best defense, so I'm on my soap box a lot with Realtors and clients getting the word out. Thanks for commenting! Yes Lucy, just small change. $60k is no big deal.

I believe it will get worse before it improves. There is just too much money involved. I am worried too that scammers will target For Sale By Owners, trying to take advantage of a naive consumer who may be unaware for this stuff. An increasing awareness is the best defense, so I’m on my soap box a lot with Realtors and clients getting the word out.

Thanks for commenting!

]]> By: Lucy http://www.lendingclarity.com/2007/01/29/mortgage-horror-story-of-the-week-mortgage-fraud-meets-fsbo/#comment-199 Lucy Wed, 21 Feb 2007 20:48:01 +0000 http://www.lendingclarity.com/2007/01/29/mortgage-horror-story-of-the-week-mortgage-fraud-meets-fsbo/#comment-199 And that sounded like such an innocent deal. Thats terrible that someone could have been taken like that. She was just getting change back, right? Not! Seems to be an alarming trend, the mortgage fraud business. Ralph Roberts is quoted in the Swanepoel Trends Report by saying that more and more people are being sent to jail on charges of bank fraud and conspiracy to commit mortgage fraud. I am concerned that this will get worse before it gets better. What do you think? And that sounded like such an innocent deal. Thats terrible that someone could have been taken like that. She was just getting change back, right? Not! Seems to be an alarming trend, the mortgage fraud business. Ralph Roberts is quoted in the Swanepoel Trends Report by saying that more and more people are being sent to jail on charges of bank fraud and conspiracy to commit mortgage fraud. I am concerned that this will get worse before it gets better. What do you think?

]]> By: LendingClarity.com » Blog Archive » 6 Reasons Your Next Loan May Take Longer Than It Should http://www.lendingclarity.com/2007/01/29/mortgage-horror-story-of-the-week-mortgage-fraud-meets-fsbo/#comment-196 LendingClarity.com » Blog Archive » 6 Reasons Your Next Loan May Take Longer Than It Should Wed, 21 Feb 2007 08:14:02 +0000 http://www.lendingclarity.com/2007/01/29/mortgage-horror-story-of-the-week-mortgage-fraud-meets-fsbo/#comment-196 [...] Mortgage Horror Story of the Week–Mortgage Fraud meets FSBO [...] […] Mortgage Horror Story of the Week–Mortgage Fraud meets FSBO […]

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