Written by REFATAugust 21, 2014 Date: October, 2010 Fraudulent foreclosure “rescue” professionals use half-truths and outright lies to sell services that promise relief to homeowners in distress. In exchange for an upfront fee of several hundred dollars, so-called forensic loan auditors… Download
Written by REFATAugust 21, 2014 Date: October, 2010 The DRE has noticed an increase in the use of questionable and possibly misleading terms such as “expert”, “certified”, and “specialist”…and many of these designations and claims seem to be nothing more than marketing ploys by unscrupulous fraudsters to capitalize on the desperation and
Written by REFATAugust 21, 2014 Date: September, 2010 Several months ago, the Calif.Department of Real Estate issued a warning to the real estate industry about short sales and growing fraud in this area. This update is on the growing, questionable, and sometimes unlawful practice requiring buyers to pay the fees charged by
Written by REFATAugust 21, 2014 Date: June, 2010 Attorney General Edmund G. Brown Jr. warns that while short sales can provide homeowners with a last-ditch alternative to foreclosure, this market is rife with scam artists. Homeowners and buyers, agents, and lenders should beware of short sale negotiators who operate without licenses, use
Written by REFATAugust 21, 2014 Date: May, 2010 Multiple scams have recently come to light with the increase in Short Sales. By definition, a Short Sale occurs when a property needs to be sold and the value is less than what is owed to the lender(s). A successful Short Sale requires the
Written by REFATAugust 21, 2014 Date: April, 2010 If you are considering engaging in a short sale transaction, you should fully educate yourself about the mechanics of the process and the related legal and ethical issues and work only with legitimate professionals. This report from the California Department of Real Estate will
Written by REFATAugust 21, 2014 Date: February, 2010 Unscrupulous people find homes listed for sale and post those same homes on a community posting board, like CraigsList, for what seems like an incredibly reduced rental price. Find out how to identify and protect yourself from this common scam. Rental Scams-REFAT Fraud Alert
Written by REFATAugust 20, 2014 Date: February, 2010 This alert and warning is issued by the California Deparment of Real Estate to call to your attention the often overblown and exaggerated “sales pitches” regarding the supposed value of Forensic Loan Audits. It is critical to note that a loan audit report has
