Comments on: Mortgage, Real Estate, and Attorney Fraud, Oh My!

By: rogeradams

rogeradams — Tue, 12 Jan 2010 23:25:06 +0000

This is a very nice article. Information about some crime has been shared by the blogger that takes place in Mississippi.Nice article.
=============================================================
Find Attorney

By: clare

clare — Wed, 11 Nov 2009 07:55:18 +0000

P.S. I have spoken to more than one chef about the specifications I would like with my order.

By: clare

clare — Wed, 11 Nov 2009 07:46:18 +0000

I like the reference and would like to see all the bad apples posted like a wall of shame.
Protect the guilty. B.S.

By: Gene B.

Gene B. — Wed, 11 Nov 2009 05:18:28 +0000

I wouldn’t paint all mortgage brokers with such a broad brush. I’ve worked with many good ones and a few bad ones. Much like any line of work, quality varies.

I would join the theme of the article – be an educated consumer, do your research and be an active participant in the process.

By: Alex

Alex — Wed, 11 Nov 2009 04:05:44 +0000

Local,

The reason why I am saying to cut out the middleman is because a typical mortgage on an apartment or a house is just not that complicated. Why pay thousands to a broker? However from my experience, a large number of mortgage brokers are clueless to unfortunatley fraudulent.

By: Local Broker

Local Broker — Wed, 11 Nov 2009 00:07:29 +0000

like i said i think the information you provided is very good. people should be educated when making decisions like these. all i said was i didnt think it was neccesary to bring it up the case is over a year old at least and the sentencing was 6 months ago. ned it makes no difference whos idea it was. what isnt fair is you only mention one or two names and they stand out like the masterminds behind the whole thing but mention appraisers and brokers and not anyone directly in those groups. its my opinion thats it no big deal.

By: Daniel G.

Daniel G. — Tue, 10 Nov 2009 23:28:45 +0000

Thanks for the comment. I specifically used the cases, which are not old, to illustrate the fact that this occurs in areas like ours everyday. Its not to cast judgment on anyone or any profession. I made sure to mention that there are only some bad apples out there. The problem is that many people don’t know how to see who the bad apples are, sometimes due to inexperience. I also think that the cases show the extent to which these activities occurred. In the case at issue, 30 people were indicted. That is certainly more newsworthy than a case with simple one lone rogue individual. I work with great appraisers and brokers every day. They are out there. The problem is there are others who don’t have the clients best interest at heart, and its important that we bring that out in the open.

By: Ned Berke

Ned Berke — Tue, 10 Nov 2009 23:21:34 +0000

Local: The addition of the opening quotes was my decision. That case – and it’s actually just one – I used to highlight one important point: this happens in Sheepshead Bay. It’s not an abstraction. We’re not talking about hypotheticals. We’re talking about things that really go down in Sheepshead Bay real estate – and sometimes, like in the case above, to EXTREME proportions. And that case isn’t that old – I believe they were only recently sentenced. Daniel offered an important set of tips – the cases show you exactly WHY you need to protect yourself in this neighborhood, something many who are not in real estate don’t realize.

By: Lisanne!

Lisanne! — Tue, 10 Nov 2009 23:19:59 +0000

What was referenced here was merely the tip of the iceberg. Which is not to say there aren’t reputable mortgage brokers. However people do need to be aware that there are unscrupulous operators out there.

The industry needs to do a better job of self policing. That would be a good start.

By: Local Broker

Local Broker — Tue, 10 Nov 2009 23:05:19 +0000

im curious to know why you thought bringing up fraud cases from a couple years ago would be helpful here. the information you provide seems pretty good i just dont think it was necessary to bring up specific cases. you could of just wrote about how to avoid it without the references.
alex, why cut out the middleman they provide a great service. its like a waiter at a restaurant they bring you something you want and get paid for it. next time you go out to eat try going directly to the kitchen to get your food. most people in the real estate industry are good and hard working unfortunately most of the time we only hear about the bad ones in the news and perception changes.