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short sale scams

FBI: Connecticut real estate agent admits to short sale fraud

by Moe Bedard

Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that ANNA McELANEY, 38, a licensed real estate agent residing in Norwalk, pleaded guilty today before United States Magistrate Judge Holly B. Fitzsimmons in Bridgeport to one count of bank fraud stemming from her involvement in a “short sale” mortgage fraud scheme.

A short [...]

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Salt Lake City FBI & Utah Division of Real Estate Name Top Five Mortgage Scams

by Moe Bedard

Salt Lake City FBI and Utah Division of Real Estate Name Top Five Mortgage Scams in 2010 – Special Agents and State Investigators Warn Utahns to Beware

Is someone letting you live in a home for free?
Did a builder offer you deep discounts to move into a newly constructed house?
Has a company offered to refinance your [...]

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Short Sale Delays Prolonging Housing Recovery

by Moe Bedard

Home equity lenders faced with losses from the U.S. property slump are holding out for more money in distressed sales, slowing transactions needed to support a recovery, real estate agents and analysts say.
These secondary lenders are gaining power in negotiating payments from “short sales,” a growing part of the market where homes are sold for [...]

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