Mortgage Fraud A Worrying Trend?

Unfortunately in tough times and in good, there are always some individuals who cannot be trusted. These recent postings relate to mortgage fraud news items:

The Real Estate Wonk: Multitudinous mortgage fraud - Reporter ...

"The perpetrators collude with appraisers or real estate agents to undervalue the property using an appraisal or a broker price opinion to further manipulate the price down (the flop) to increase their profit margin when they later flip ...

Publish Date: 06/18/2010 21:00

http://weblogs.baltimoresun.com/business/realestate/blog/2010/06/multitudinous_mortgage_fraud.html

Beach Real Estate - Hundreds arrested in U.S. mortgage fraud sweep

Martin County cities discuss plans for economic growth during economic downturn Site development and work force training are foremost on communities' minds.

Publish Date: 06/20/2010 15:23

http://beachpropertyrealestate.net/23988/hundreds-arrested-in-u-s-mortgage-fraud-sweep/

13 mortgage fraud convictions in Arizona since June 1 — Arizona ...

Home · About · John Wake · Sitemap · Buyers · Sellers · Arizona Real Estate Notebook. “Wake Up and Call John!” - John Wake, Associate Broker, HomeSmart Real Estate. 13 mortgage fraud convictions in Arizona since June 1 ...

Publish Date: 06/20/2010 13:41

http://www.arizonarealestatenotebook.com/2010/06/19/13-mortgage-fraud-convictions-in-arizona-since-june-1/

Let's hope the long arm of the law can catch up with people who participate knowingly in mortgage fraud activities.