It seems that no matter how good or bad housing markets are performing, real estate fraudsters will always find some way to con homeowners out of their money. But scammers are doing particularly well out of the current economic downturn, taking advantage of hundreds of desperate homeowners, according to a report in MarketWatch. Schemes involve
Short Sale Fraud – Another Real Estate Agent Jailed
July 26, 2011 by
A female real estate agent from Connecticut has been sent to prison after admitting her role in an elaborate short sale fraud which is just the latest in a string of cases to hit the headlines in recent months. Norwalk resident Anna McElaney, 38, was given eight months jail time and a three-year supervision order
Short Sale Fraud Spiraling Out Of Control, Say Investigators
July 18, 2011 by
Investigators say that short sale fraud is running rampant in the US right now, plaguing markets and seriously impacting on mortgage lenders, who are missing out on thousands of dollars due to the problem. One of the most common real estate scams in short sales is for investors to make a lowball offer on
