Keyword: fraud

That Will be $417,000 Please – You Have Three Days To Pay

That Will be $417,000 Please – You Have Three Days To Pay

Many real estate agents do not realize that mortgage brokers and bankers sign agreements with their wholesale lenders (B of A, Wells, etc) that if a loan goes bad because of differing reasons (fraud mostly), that the banker/broker must buy the loan back. Imagine being at your desk and getting a certified letter in the mail that says that you ...

Fred Glick | 2010/02/23  | 21 Comments Economy

The Fraud Witch-Hunt Will Begin Soon. Are You Safe?

The Fraud Witch-Hunt Will Begin Soon. Are You Safe?

“Fraud” “Fraud” is a powerful yet, often overlooked word by some real estate agents and brokers. The crazy thing is that one of the greatest fraud witch-hunts is about to being and one (or many) real estate agents and brokers WILL be made an example of by the government/FBI. “You’ve been reading too many books!” No…not really. A few months ago, the two ...

Danilo Bogdanovic | 2009/02/25  | 6 Comments Ethics

The Setup, The Pitch and the (Agent’s) Stolen Identity

The Setup, The Pitch and the (Agent’s) Stolen Identity

The Phone Call In my job I get a “what-the-heck” phone call almost every day.  This week I received one that I had to share.  What would you think if you found out that someone was posing as you, the listing agent, in an effort to steal money from unsuspecting consumers?  Do I have your attention? The Nigerian “Owner” An ...

Matthew Rathbun | 2009/01/02  | 13 Comments Coaching

The Lender Police – Lenders Watch Out

The Lender Police – Lenders Watch Out

There’s a new Sheriff in town For $99 bucks consumers can fax over their good faith and for $199 they can fax their Loan docs and have them reviewed by Lender Police to make sure you’re on the the level with buyers. I report, you decide.  

Benn Rosales | 2008/06/23  | 8 Comments Economy