Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Loss Mitigation Discussion
12 17 04/20/2007
05:56 PM
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Foreclosure Discussion
13 26 06/20/2007
11:27 AM
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REO Discussion
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GavelGirl
Junior Member

From: Northern Arizona and Nevada
Registered: Jan 2007
Posts: 4
Date Posted: 04/13/2007 10:48 AM     view GavelGirl's profile  reply to this message  edit this message  link to parent message


In Arizona, foreclosures sold at sheriff's sales can only be bought with full cash in 24 hours. This eliminates EVERYONE who needs financing to buy a home, so the vast majority of people in the communities cannot buy or participate. When the homes sell, they are bought by out of town corporate and overseas investors, never owner-occupants, furthering the damage and blight to the local community and economy. Changes in this procedure would not only benefit the community, but it would generate new mortgage originations for the lending industry.

reauctioneer
Junior Member

From: Nationwide Real Estate Auctioneer
Registered: Jul 2006
Posts: 3
Date Posted: 03/20/2007 12:12 PM     view reauctioneer's profile  reply to this message  edit this message  link to parent message


Buyers in our area are not too happy.

Most foreclosures have a debt over equity problem keeping investors out of the auciton.

KerriDSNews
Junior Member

From: Editorial
Registered: Jan 2007
Posts: 24
Date Posted: 03/08/2007 03:09 PM     view KerriDSNews's profile  reply to this message  edit this message 

To what extent is there interest among buyers in your market to purchase properties at the courthouse sale?

Quote 0 0
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  Might be a good place to ask a few questions?

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