Articles

Short Sale Fraud, really?

In Uncategorized on August 29, 2011 by reibroker Tagged: , ,

This may sound like I’m throwing real estate agents under the bus but I am. Just not the ones who are my friends or want to be my friend …

Freddie, Realtors Look to Stop Short-Sale Fraud

Freddie Mac’s fraud investigation unit is reaching out to Realtor associations and real estate agents to educate them about how to prevent fraudulent short-sale activities from taking place.

“By concealing the higher offer, short-sale fraud worsens losses to home sellers, Freddie Mac and taxpayers,” the Freddie Mac employees said. “It also throws another wrench into the housing recovery by undermining the trust and transparency at the core of any real estate transaction.”

Read more at www.nationalmortgagenews.com

 

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