This series explained the most common types of real estate fraud but I'm sure there are new schemes being thought up all of the time. I hope this series provided some insight on some of the crazy schemes being perpetrated and how to recognize them.
Below is a copy of a suspicious activity report which is filed by financial institutions when they suspect possible fraud. Below that are links to the authorities that investigate real estate and mortgage fraud.
http://www.irs.gov/compliance/enforcement/article/0,,id=162992,00.html
http://www.occ.treas.gov/sar.htm
http://www.fincen.gov/forms/bsa_forms/
http://www.mortgagebankers.org/FBIMortgageFraudWarning.htm
http://www.interthinx.com/?gclid=CI-Tnrqg1p4CFQO2sgodnhF4rQ
http://www.radian.biz/about/index.aspx
Information for this series was gathered from mortgage fraud blog, the FBI 2008 fraud report and the IRS.
Home loans since 1977
First Priority Financial is licensed by the California DRE # 654852 Nevin's California DRE license 016552
The opinions expressed in this blog are not necessarily those of First Priority Financial.
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Nevin, This has been an excellent series on Real Estate fraud schemes.
Yesterday morning, I attended the Legislative Meeting for NCAR and the Attorney General spent more time discussing fraud than anything else. He touched on ways that the state is trying to help put an end to such things. Will share the info as soon as I get my notes put together. When I do write it up, I would love to include links to your series (with your permission, of course).
Nevin - what a great series. Amazing how much there is to know about the many ways fraud can be perpetrated. Lots of clever folks out there.
Jeff
Amy - I would be honored to have my blogs shared! Thank you!
Jeff - Thank you. Too bad these clever folks don't use their smarts to make an honest living.
Nevin - this has been an outstanding series! Thank you so much for contributing to my blog - keep it coming!
Leesa - Mucho gracias! Esto el bloggo iso the lasto of themo allo
AWESOME AWESOME AWESOME series and this one had a grand finale too! Love your Espanol in comment above, LOL!
Renee - Thanks! Always happy to have you stop by and say Hola! LOL