Showing posts with label FBI and Real Estate. Show all posts
Showing posts with label FBI and Real Estate. Show all posts

FBI and Mortgage Fraud

What Does the FBI think of Mortgage Fraud? From what I have seen online they "seem" to be very strict on this crime. However, I have read where people tell the FBI of mortgage fraud and the FBI does not respond at all. It would seem that Mortgage Fraud and Predatory lending is VERY legal and that by the time anyone takes a look the Criminal has shredded - forged - and changed ALL documents that would incrimenate them.

For me as a Broker Owner, I see Mortgage Fraud, I have seen quite a bit of it and there is NOTHING I can do. I have tried talking to the Criminal, Tried the Dept. of Justice, Tried the FBI, the State and Local agencies and GUESS what this is just one more way that you the Real Estate Consumer has no protection from the Predatories in the Real Estate Industry.

If you suspect mortgage fraud, the FBI suggests reporting it to your local FBI
Division; a list of contact numbers appears at http://www.fbi.gov/contact/fo/fo.htm .

The FBI has a mortgage fraud education page online that explains various types of schemes.
The agency also accepts fraud tips at its Web site: https://tips.fbi.gov/ .

The TRUTH of this is they only recommend this to make it 'look" they are cracking down on mortgage fraud... in truth in the Real World of Real Estate they ARE not listening, the do not seem to care and they take NO action, no matter how much proof of Mortgage Fraud you can provide them.

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Real Estate Fraud - FBI - Mortgage -

I am not sure that the FBI cares about Real Estate Consumers being "Frauded" against by Mortgage Agents. I have personally told them information about Fraud and Have Heard Nothing.

The Current Economics situation has a Lot More to do with the Association of Realtors than ANYONE Seems to be talking about.



This Problem is Not State Wide, not across the USA but it is Everywhere that REALTOR is, that is members of the National Association of Realtors, and they are Worldwide.

Citizen’s Rights in the Housing Industry, Consumer Protection for the Real Estate Consumer Simply Does NOT exist. This is a Fact. If you have ever tried to hold a Realtor accountable for lies, misleadings, silent fraud, non-disclosure or any other issue that has harmed you financially - physically or emotionally then you know it really is impossible.

The "Realtors" are untouchable and the Related Industries help them keep this up and protect them Per say because they are a Billion Dollar Company and everybody wants a piece of it. Plus NAR attornies have the MONEY of the NAR backing them up and can keep you in court for years, cost you a fortune and eventually break you in spirit and in the pocketbook. Even if you have a case that proves flat out in black and white that the Realtor lied - decieved and misled you and prove without a doubt how it harmed you - you cannot touch them.. they are simply to BIG.

NAR policies, the way Mortgage Brokers are allowed to operate and the lack of accountability in the real estate industry CERTAINLY has a Major Role in the Failure of Freddie Mac, Fannie Mae, Secondary Mortgages, and the financial system as a whole.

False Data, Unregulated MLS Data that is the KEY factor in “Home Values” and Realtors, members of NAR not being held accountable is a Major cause of the Housing Crisis.

The Article Below is someone else's version of what the FBI does with Mortgage Fraud..
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