Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

ADVERTISEMENT
OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  March 9, 2010  |   Mortgage Fraud Investigations Are Climbing
State and federal investigators are cracking down on mortgage scammers, pushing arrests and civil actions to record levels.

MortgageDaily.com tracked 134 mortgage-related lawsuits in the fourth quarter of 2009, an increase of 76 cases compared to the third quarter. There were 46 cases in fourth quarter 2008.

"The upward trend in related fraud litigation is likely to continue," predicted Patrick McManemin, a partner in Patton Boggs, a law firm that specializes in mortgage litigation, because more states are aggressively enforcing related laws.

Source: MortgageDaily.com (03/08/2010)

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
 Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!