Archive for January 24th, 2010

Fraud Is Alive, Well And Flourishing In The Real Estate Industries

Diana Olick had two important posts this week (here and here) that didn’t get nearly the attention they deserve. Both exposed fraudulent schemes to hide payments to second lien holders in short sales. Essentially, Olick exposed what would appear to be a growing practice of not disclosing payments to second lien holders on the HUD [...]

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