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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9

what is up with the term investor? That is all  that is talked about with people that are buying all of the foreclosed housed in our neighborhood.

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Barbie
An investor can be a person/people/company that have the large sums of money to pay cash for the homes.

They are purchasing the foreclosed homes at a lower price with the intent of either using as rental units (say goodbye to the quality of the neighborhood) or resale when the economy recovers and the housing market returns to a seller's market.


9 wrote:

what is up with the term investor? That is all  that is talked about with people that are buying all of the foreclosed housed in our neighborhood.

Quote 0 0
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