Not exact matches
Loan
fraud comes in many forms, but one of the most common — valuation loan
fraud — occurs when any party to the transaction, including the real
estate practitioner, misrepresents information about the transaction to the mortgage lender.
«When it
comes to a real
estate transaction, you have so many different players, and all it takes is one person in that transaction not being aware of the signs of
fraud to make the whole thing implode.»
Just as RE-Insider predicted when the HUD settlement
came out earlier this month, angry homeowners have filed a federal consumer
fraud class action lawsuit against Fidelity National Title Insurance and other major title insurers alleging the companies kicked back fees to real
estate agents for real
estate settlement services.