Freddie Mac alerts real estate agents to rising short sale fraud

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“Buyers are weary,” said William Huffman, a sales agent with. market.” Rising rates The new dynamic is higher mortgage rates, after a decade in which they remained unusually low. On Thursday, a.

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Economic growth is expected to slow next year, and the U.S.-China trade dispute and rising interest rates could make that slowdown more painful. To calculate average mortgage rates, Freddie Mac.

Freddie Mac alerts real estate agents to rising short sale fraud Short Sale Fraud Fears Grow as HAFA Gets Set to Pop Jon Prior was a reporter with HousingWire through late 2012.

Victims: Sellers, buyers, lenders. All payments made as part of a short sale transaction should be disclosed to the lenders and other parties approving the short sale. According to Freddie Mac, short sale fraud occurs when someone deliberately misrepresents a fact or omits a fact in order to induce a lender, investor,

is a more sophisticated version of mortgage fraud because it involves real estate agents, appraisers, lenders, and closing agents or attorneys. Some examples of fraud for profit include flipping, straw buyers, bogus sales, inflated appraisals, and air loans.

A Billings real estate broker lost $300 while shopping on Black Friday, but a.. a consumer fraud alert to protect homeowners from HAMP-related mortgage modification scams.. ALTA Convinces Freddie Mac to Modify Short Sale Affidavit. Chapel Hill, N.C.-based Investors Title Co. reported its net income increased 68.4.

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Given how steep the housing shortfall has been for so many years – Freddie Mac economists estimated we’re nearly 5 million units short – that’s kind of. The “speculative” real estate market Swack.

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Three charged in real estate fraud scheme. for the "short sale" of real estate and did not comply with "arm’s-length" transaction provisions which require that dealings be conducted between.