Sentences with phrase «valuation loan fraud»

Valuation loan fraud makes the real estate and financial markets more fragile because property owners have less equity than it appears.

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.

Not exact matches

11.1 Once LendInvest has completed all necessary checks (including assessment of the results of the valuation of the Property, all credit, fraud and money laundering checks), LendInvest may in its absolute discretion choose whether or not to issue to you a formal offer to you to enter into an RPA Loan Agreement.

Because so many of the loan fraud land mines are yet to come to light, the consequences of valuation fraud will be felt for a long time.