CNBC Reports The Short Sale Fraud Some Banks Engage In
Are Banks Engaging In Short Sale Fraud? We Think So And Now The Media Is Finally Taking A Look!
Diana Olick of CNBC, with the help of some real estate agents who decided to take a stand, may have blown the lid off of the REAL problem in executing short sales. The second mortgage holders who hold transactions hostage and who are willing to take a tax write off or some form of bribe if they are going to allow a short sale to be completed.
I’ve thought it to be criminal for some time and maybe if the Obama administration took a look into this they would find out why so many homes are in foreclosure and being repossessed.
Big Banks Accused of Short Sale Fraud CNBC, on Fri, 15 Jan 2010 09:29:10 -0800 Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another …
Surprise Surprise, Big Banks Accused of Mortgage Fraud on Short …
http://www.mortgagethoughts.com/ Diana Olick has an interesting column on alleged mortgage fraud in short sale transactions at JP Morgan Chase and Citigroup. Please consider Big Banks Accused of Short Sale Fraud . As we all know, during the housing boom, millions of …
More Bank Fraud | Sense on Cents http://www.senseoncents.com/ A report from CNBC, Big Banks Accused of Short Sale Fraud, highlights this reality. The report outlines: In order for a short sale with two loans to happen, the second lien holder has to drop the lien. …
New “short sale” scam taking root? Here is another short-sale fraud I’ve noticed: Realtors are listing ….. Unscrupulous Realtors are taking advantage of the short sale fraud opportunities . …
