California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud. *** AS OF NOVEMBER 2017, THE CALIFORNIA REAL ESTATE FRAUD REPORT IS 10 YEARS OLD! ***


How much mortgage fraud is there now?

Jonathan Lansner of the Orange County Register has put together a very interesting interview with Tim Grace, who is the senior vice-president for fraud analytics at CoreLogic. Corelogic is the vendor for LoanSafe Fraud Manager, mortgage fraud prevention product that uses pattern recognition logic to detect fraud in the behavior of the parties to a transaction.

In the interview, Grace makes some startling statements, such as “In 2005 the worst 3% of the brokers accounted for 100% of the fraud”, referring to mortgage fraud, a claim even I have a hard time believing from a probability standpoint.

On the positive side, Grace believes that because underwriting standards have been tightened (probably where they should have been before the banks got drunk on subprime lending), mortgage fraud has gotten more subtle and difficult to detect but is certainly still an ongoing issue.

Read the full interview with Tim Grace in the Orange County Register, aka OC Register.

© Copyright 2007-2018 Monique Bryher

Legal Disclaimer.

The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.


Copy Protected by Chetan's WP-Copyprotect.