Gary Frimann, CRS, GRI, SRES,  REALTOR and Broker (Eagle Ridge Realty / Signature Homes & Estates)

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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Nothing surprises me anymore.  The evil and corruption live on. 

Jun 04, 2022 02:24 PM
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Peter Mohylsky. BRIX REALTY
Brix Realty - Destin - Miramar Beach, FL
BRIX REALTY -DESTIN

WOW,  not in this market to the best of my knowledge.

Jun 04, 2022 02:49 PM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The dark side is always making moves. Good question & awareness here

Jun 04, 2022 02:06 PM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

There are rogues and crooks in every business and in every industry. There does not seem to be any evidence of any wave of mortgage fraud these days. Yet...we would not know until it was uncovered, would we?

Jun 04, 2022 05:39 PM
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

hole in head

hole new generation.

Jun 04, 2022 03:20 PM
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Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I haven't been aware of loan fraud Gary.  But it doesn't surprise me as this stuff pops up everywhere from time to time. Or maybe it's always there...

Jun 04, 2022 02:50 PM
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Can't say I've seen mortgage fraud ever in my own 30 years in real estate... I've known of cases where it was caught in the Charlotte market, but not something I think about.

Jun 05, 2022 05:39 AM
Rainmaker
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Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

No but with interest rates rising, it may happen. I cannot believe what she did.

 

Jun 04, 2022 06:49 PM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

There always that element in any industry, Gary. So glad she got caught and hope she goes to prison as an example to others who might thinking about doing the same!

Jun 04, 2022 04:03 PM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Where there is a will there is a way as they say. Luckily, I have not seen any in quite some time.

Jun 05, 2022 04:17 AM
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Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Can't say that I have, Gary

Jun 05, 2022 10:20 AM
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wow, haven't heard of any, but sure hope not around here.

Jun 05, 2022 07:42 AM
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Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

One allegedly fraudulent mortgage broker does not equate to a trend in mortgage fraud. 

I'm not sure how many it takes to call it a trend, but it definitely takes more than one.

Jun 05, 2022 06:12 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Well, that is creative.

Jun 04, 2022 10:22 PM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The crooks are alive and well. Overt criminality will never go away.
What I have seen recently is direct affiliation between lenders and appraisers again. In this case it was a credit union. We know what happened the last go-around.
Homeowners are defenseless against some of the strategies and can only prevail long after the property has been stolen and owned by another with the full participation of the LEOS and courts.

Jun 05, 2022 05:51 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It seems all area of RE go through cycles, we may be getting ready for a shift in this segment also.

Jun 05, 2022 02:11 AM
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Compare Closing LLC
Compare Closing LLC - Dallas, TX
Let the lenders compete for your business!

Please visit the link for your information:

https://www.compareclosing.com/blog/how-to-avoid-mortgage-frauds/

Jul 05, 2022 03:01 AM
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Dave Skow
Movement Mortgage - Seattle, WA
Dave Skow

 sensing it happening more in the flib / investment  property arena 

Jun 06, 2022 01:52 PM
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John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

It may not be a new generation, it may be the same ole same ole "business is slow and I have bills to pay" recipe popular with those of loose morals and no values or personal principles.  

Jun 06, 2022 12:52 PM
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Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

Haven't seen any or heard of any new local cases.  Georgia had a LOT in the beginning of the crash.

Jun 06, 2022 11:11 AM
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Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

This story has gone viral in the mortgage social media sites. I believe fraud will always be present, which is unfortunate. In this specific case, the level of fraud & misrepresentation was fairly historic. Falsifying court documents and forging judges signatures is sure to get you sent to Club Fed for decades.

Jun 06, 2022 09:04 AM
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Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

I get the fraud report every month & as far as I know, it is not increasing. I'm sure people can figure a way around anything.

Jun 05, 2022 11:40 AM