Reverse Staging: A new trick in short sale fraud Staging a home for sale has become big business. Real estate agents know that presenting the home to appeal to the most buyers possible makes a huge difference in how quickly … Continue reading
Excerpt: The agreement with the 49 state attorneys general, the Justice Department and the Department of Housing and Urban Development settles a wide-range of foreclosure abuses from improperly prepared affidavits to allegedly forged notarization signatures and botched modification attempts. The … Continue reading
The National Association of Independent Housing Professionals (NAIHP) recently announced that many Appraisal Management Companies (AMC’s) are operating without authority in most states and have failed to pay state income taxes. No surprise here. I’ve written extensively about the mendacity … Continue reading
Excerpt: “Attorney General Eric Holder announced one of the biggest fair-lending settlements in U.S. history with Bank of America (BAC: 5.60 +2.38%) agreeing to pay $335 million to settle complaints levied against Countrywide Financial Corp. by the Department of Justice.” … Continue reading
Here’s an example of an illegal practice that still goes on after everything that has happened in the housing market. This condo is listed for $579,000 in Millbrae, CA. There’s a nice little video that tells you that if you … Continue reading
Excerpt: “It’s clear from our investigation that Bank of America used illegal retaliatory tactics against this [Countrywide] employee,” said OSHA Assistant Secretary David Michaels. “This employee showed great courage reporting potential fraud and standing up for the rights of other … Continue reading
“St. Petersburg City Employees Encourage False Real Estate Appraisals” Excerpt: “A 10 News Investigation into recent land-buys by the City of St. Petersburg indicates employees in the city’s real estate department are influencing the appraisal values of properties they plan … Continue reading
Five months ago Bank of America filed foreclosure papers on the home of a couple, who didn’t owe a dime on their home. They had paid cash for the house. The case went to court and the homeowners were able … Continue reading