more than 8,000 appraisers – roughly 10 percent of the industry – have signed a petition asking the federal government to take action. “There are a lot of people who have refinanced for more than their homes are actually worth and they’re effectively already upside down even without a real estate bubble bursting,” said Callahan. […]

Tags: appraisal fraud, foreclosure defense, foreclosure offense, Lender Liability, mortgage broker liability
Posted in Eviction |

The FBI seems to be assuming that all mortgage fraud is by borrowers, appraisers and mortgage brokers. The perception is that the lenders were victims. Sometimes that is true, but most of the time it isn’t. Prosecutors fail to note that in virtually every case, the lender knew exactly what was going on and went […]

Tags: appraiser liability, criminal mortgage fraud, Las Vegas mortgage fraud, mortgage broker liability, mortgage meltdown
Posted in Eviction |