Fraud, today's word of the day
With reports that the FBI is preparing to arrest hundreds of people for mortgage fraud, it seems like a good day to round up some other news and make fraud today's word of the day. More from the NY Times.
Bloomberg reports on how some real estate agents are "flopping" homes for short sale fraud.
And LoanSafe reports that short sale fraud is skyrocketing with real estate agents, law firms and rogue lenders.
The WSJ reports on fraud associated with the home buyer tax credit.
The LA Daily News reports on fraudulent loan modification schemes, and in my opinion, these characters are totally disgusting.
And finally, squatters, trespassers and swindlers are misusing the concept of adverse possession to their fraudulent advantage. More from the Sun Sentinel.