You should read this book if
- You own a home or are thinking of purchasing a home;
- You are thinking of selling your home;
- You’re a mortgage broker, mortgage banker, Realtor®, appraiser, title officer or escrow officer;
- You’re a real estate investor;
- You’re a real estate attorney, probate and estate planning attorney, family law attorney, bankruptcy attorney or litigation attorney or a judge presiding over these matters;
- You’re an investigator for law enforcement or a prosecutor;
- You work for Fannie Mae or Freddie Mac in fraud investigations;
- You work for HUD, the FHA or a state real estate-related licensing or regulatory agency;
- You are a consumer interested in learning the effect the residential real estate market is having on the local and U.S. economy.
Read the Testimonial from this Professional:
from Mike Dannelley, President, American Interbanc, LLC
“How to Commit Short Sale Fraud” by Monique Bryher is a must read for any homeowner outraged with the current climate of fraud and who should take the blame for it. While the public has been quick to blame the “big greedy banker” for our country’s economic woes, your next-door neighbor may very well be a hidden culprit.
Short sale fraud impacts us all – financial institutions absorb the losses initially, but those losses eventually get passed on to private citizens in many ways and negatively impact our economy because the taxpayers are left holding the bag. Is it all that outrageous that the homeowner who borrows money to buy a home actually has to pay it back? Or is it more outrageous that the lender that offered the loan actually expects to be repaid?
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The current version of this Ebook download is strictly PC compatible and does not work on a MAC, however a KINDLE version is coming very soon so please stay tuned.
Table of Contents
Chapter 1: How Did We Get Into This Mess?
The Current Housing Landscape
The Setup: a Prelude to Disaster
Supply and Demand – Not Just for Textbooks
Tinkering with Market Forces
What Caused the Real Estate Market to Rise and Then Crash?
The Subprime Loan: Rewarding Greed
War Story: Assembly-Line Loans
Chapter 2: Short Sale Fraud
What is a Short Sale?
How is a Short Sale Supposed to Work?
What Constitutes Short Sale Fraud?
Rules for Conducting a Short Sale
Short Sale Fraud Wears Many Hats
The Perfect Storm: Why Short Sale Fraud is So Easy
The Recipe for Short Sale Fraud
War Story: California Attorney General’s (non-) Response to Short Sale
Fraud
How Do These Conditions Facilitate Short Sale Fraud?
How Many of Your Neighbors Are Committing Short Sale Fraud?
Are There Different Types of Buyers in a Short Sale?
Why Would the Lender Willingly Take Less from an Investor?
Is It Fraud for the Investor to Resell or Flip a Property at a Profit?
What’s the Big Deal? I’m Not Hurting Anybody !
Whose Job Is It to Stop Short Sale Fraud?
What Is the FBI Saying about Short Sale Fraud?
What Can and Should Be Done to Prevent Short Sale Fraud?
Who Has Been Prosecuted (Agents, Sellers, Buyers)
War Stories from the Files
Chapter 3: REO Fraud
What is an REO?
Do Banks Sell Their Own REOs?
There is a Logic to How Banks Sell their REOs, Right?
The Eviction: a Two-Track Process
Why the Two-Track Process?
What Happens During Eviction
What is Different about Purchasing an REO Compared to a Conventional
Home Sale?
Trying to Buy an REO Directly from the Bank is a Waste of Time
Why Do Banks Use Real Estate Agents?
What You Need to Know to Purchase an REO
How to Win Your Bid for an REO
How Does REO Fraud Occur?
War Story
Don’t Banks Have Fraud Departments?
PMI: Are the Banks Really Losing Money from Short Sales and REOs?
War Story
What Can and Should be Done to Prevent REO Fraud?
Parting Thoughts
Read the Testimonial from this Professional:
from Duane Bartsch, Esq. Bartsch & Haven, Manhattan Beach, California
Monique’s book on short sale fraud lays bare the reality why short sale fraudsters almost never get punished: there is simply too much of it for policing agencies to keep up with.
Monique, via everyday examples and in an engaging, clear style explains how short sale fraudsters steal money not just from faceless banks, but from the next door neighbor, the retiree, and from everyone else who spent a lifetime building equity in their homes. Monique’s book is a first rate introduction to anyone looking to understand short sale fraud.
*** See terms of purchase at the bottom of this page ***
Purchase for only $9.95
The current version of this Ebook download is strictly PC compatible and does not work on a MAC, however a KINDLE version is coming very soon so please stay tuned.
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