SERVICES YOU NEED Post submitted by Brian Davies. Thank You. Editor’s Note: Lurking in the background of every loan product sold on new construction is a developer who was “playing ball” with the securitization infrastructure. It was the developer who setting the comparable pricing by raising prices every 2 months to create the illusion of [...]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: appraiser, comparable sales, developer, HOvnanian, Lennar | 13 Comments »
Insider Confirms Builder Complicity in Appraisal Fraud
Editor’s Comment: Appraisal fraud, ratings fraud, misrepresentation, steering investors and borrowers in the wrong direction — all of these amount to the same thing: DECEIT. And as everyone knows, when someone is bilked out of money or value through deceit, they are entitled to made whole — as close as possible, and probably entitled to [...]
Filed under: bubble, CASES, CORRUPTION, Eviction, expert witness, foreclosure, foreclosure mill, GTC | Honor, HERS, MODIFICATION, Mortgage, Motion Practice and Discovery, STATUTES | Tagged: Appraisal, appraisal fraud, appraiser’s comments section, builders, comparable property, comparable sales, Condo, countrywide, early transfers, fraud, HERS, HOA, incentives, independent loan brokers, inflated values, Landsafe, loan officer, mortgage fraud, occupancy ratios, property management company, upgrade sheet, upgrades | 4 Comments »