Want to know more about protecting yourself from real estate and mortgage fraud?
February 9th, 2008 Categories: Hot Local Topics
Reading my news feeds this morning led me to an article on RISMedia entitled Walking the Fine Line: How Not to Stimulate Real Estate Sales by Ralph R. Roberts. Google real estate fraud and you will find Mr. Roberts’ website, Flipping Frenzy.com, in the number 1 position (see below). There is a wealth of information on his website. I also learned Mr. Roberts has written a book: Protect Yourself from Real Estate and Mortgage Fraud.
It matters not whether you are a buyer in the real estate market for a home or land, and ultimately a mortgage; or whether you are looking in Waynesville or Maggie Valley, NC, or New York City, NY; or if you are a real estate agent working with buyers - - there are many things to be aware of when considering financing, especially financing considered ‘creative,’ as the creativity evolves to fit whatever the present market might be.
“The funny thing about real estate and mortgage fraud is that it never stops, even when market conditions change dramatically. When housing prices were skyrocketing and mortgage loans were readily available, the money grab was in high gear. Inflated appraisals seemed to be a moot issue, because everybody was convinced that values would eventually catch up.
Now that the housing bubble has burst, you would think that the fraud would slow down, but it has simply taken other forms. Builders, developers, real estate agents, and other professionals who have grown accustomed to making a good living off of the real estate market are feeling the pain. As housing values sink, sales taper off, and the commission per sale takes a hit. In short, professionals are selling fewer homes and receiving smaller commissions per sale.”
Do you suspect mortgage fraud? Mr. Roberts would love to know.
Mortgage Fraud Hotline: 1-877-488-6245. 
Why would I report Mortgage Fraud to Mr. Roberts?
He investigates and writes about mortgage fraud, and can provide extensive information in that regard… especially to victims! Thank you for asking.
What do you know about Mr. Roberts how do you know we can trust him? One of the things I am learning most it finding someone who to trust to do the right thing.