Real Estate Fraud Investigations

COURSE DESCRIPTION

In recent years, the booming real estate market has led to an increase in mortgage fraud and other real estate schemes. The perpetrators of these schemes range from mortgage brokers looking to make a fast buck to drug dealers laundering the illegal gains. Every year, these fraudulent schemes victimize individuals and businesses, including struggling low-income families lured into home loans they cannot afford, legitimate lenders saddled with over-inflated mortgages and honest real estate investors cheated out of their investment dollars.
The recent implosion of the housing market has created a difficult situation for many people trying to sell a home. Rumors abound of innovative and creative inducements being offered to prospective buyers. While the temptation to participate in seemingly benign schemes that make a house more affordable to buyers may be overwhelming, keep one thought in mind: Any time the success of a Real Estate deal requires less than total and honest disclosure to a lender, it is fraud.