“Fraud is an intentional and material misrepresentation. A faulty or even fake appraisal is at the basis of most fraudulent mortgage transactions.” Most Fraud Charges Not Investigated by Lew Sichelman October 18, 2006 A lack of enforcement at the state level is a major reason appraisals remain at the root of mortgage fraud, said panelists […]

Tags: Appraisal Foundation, appraisal fraud, foreclosure defense, Lew Sichelman, Mark Simpson of Fannie Mae, over-appraisal
Posted in Eviction |

One of the key elements of the attack on the “lender” is fraud in the inducement and fraud in the execution of the loan documents. A central point to the attack is that the borrower was correctly, reasonably and legally (TILA) relying on the mortgage broker (state law and regulation), the lender (TILA, state law […]

Tags: disclosure, foreclosure defense, Lender Liability, over-appraisal, TILA
Posted in Eviction |

Here is a good resource for any legal attack based upon the loss to the homeowner derived from property that was over-appraised. It was a systemic symptom the the Mortgage Meltdown. Nearly every deal was appraised over the purchase price. But the purchase price is the first indicator of the fair market value arrived at […]

Tags: Appraisal, foreclosure defense, over-appraisal
Posted in Eviction |