The appraisal process if neglected can leave you vulnerable to become a victim of mortgage fraud. Appraisal fraud is often encountered when flipping properties. In these situations an unscrupulous appraiser appraises the property at a ... Publisher - Online10.info Creator - admin Date - Sat, 04 Sep 2010 18:03:30 GMT

Fannie Mae, Freddie Mac to Deploy Appraisal Complaint Process

reducing opportunities for fraud, protecting consumers in the mortgage process and providing greater confidence to the investor community in their purchases of securities backed by mortgages that have appraisals performed under the Code ... Publisher - News Releases Creator - unknown Date - Thu, 20 May 2010 04:00:00 GMT

Appraisal Fraud Jumps 50% in 2009: MARI « HousingWire

The Mortgage Asset Research Institute (MARI), whose subscribers represent 70% of the mortgage finance space, reports today appraisal fraud is taking a larger proportion of trickery alleged in suspicious activity reports (SARs) filed ... Publisher - HousingWire Creator - JACOB GAFFNEY Date - Mon, 26 Apr 2010 18:52:19 GMT

LA Mortgage Broker Sentenced to 6½ Years in Prison for Luxury ...

A former mortgage broker who helped orchestrate a massive mortgage fraud scheme that caused well over $40 million in losses was sentenced today to 78 months in federal prison. ... Members of the conspiracy – real estate brokers, appraisers and mortgage bankers, who all shared in the profits from the fraudulent sales – sent false documentation, including bogus purchase contracts and appraisals, to the victim banks to deceive them into funding mortgage loans that were ... Publisher - Real Estate Fraud | Mortgage Fraud | Flipping Schemes Creator - Ralph Roberts Date - Sun, 05 Sep 2010 07:38:25 GMT

Confronting Mortgage Fraud With Mortgage Database Software

Appraisal Fraud: This is a type of fraud that involves property flipping. In appraisal fraud situations, a property is purchased using an initial mortgage. The property is then appraised at a much higher value, using an unscrupulous ... Publisher - Online10.info Creator - admin Date - Thu, 26 Aug 2010 02:02:37 GMT

Despite Rebound from '09 Losses, Bank Profits Still Hampered by ...

Fact: – Wells Fargo's fraudulent appraisal valued our home at $718000 - Wells Fargo's own review appraisal valued our home at $475000 - Nevada Attorney General's office suspended the appraiser's license for committing appraisal fraud on ... Publisher - Uptick Creator - Liz Moyer Date - Tue, 31 Aug 2010 18:35:07 GMT

- Woman sentenced in appraisal fraud

Woman sentenced in appraisal fraud. By Julie Arrington juliearrington@forsythnews.com. An Eatonton woman was convicted Friday in Forsyth County Superior Court of falsifying a $1 million property appraisal. View the rest of this article ... Publisher - Top Stories Creator - unknown Date - Sat, 14 Aug 2010 23:00:00 GMT

The Medical Quack: Former Hospital CFO Charged With Fraud–Stealing ...

According to the FBI, Roe also faces charges of defrauding Danbury Hospital out of $46166 by altering the appraisal of his former home in Lima, Ohio, where he had lived before moving to Wilton to take the Danbury Hospital position. ... Publisher - The Medical Quack Creator - The Medical Quack Date - Wed, 01 Sep 2010 18:15:00 GMT

Criminal Law » Mortgage Fraud Schemes in South Carolina – A Review ...

Appraisal fraud is often an integral part of most mortgage fraud scams and occurs when a dishonest appraiser fraudulently appraises a property by inflating its value. In most cases, after the seller receives the closing proceeds, ... Publisher - Criminal Law Creator - owowonowo Date - Mon, 23 Aug 2010 19:44:29 GMT

Appraisal Fraud

Appraisal Fraud involves the appraiser of a house or commercial real estate, the broker, loan officer and sometimes the lender. This is when the numbers are fixed so the real estate looks as if it is worth more than it truly is. ... Publisher - Real estate and condos of Northern VA Creator - Laurie Date - Tue, 17 Aug 2010 01:34:42 GMT