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CoreLogic chat shows short sale fraud evolving in unexpected ways

Either way, the banking regulators need to hold the banks more accountable at the end of the process. When all of the previously discussed elements are present, I believe the appraisal industry will.

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CoreLogic has introduced the Short Sale Monitoring Solution, which the company describes as the industry’s first short sale fraud prevention and pricing solution. The new service allows lenders to receive alerts on "risky" pending and closed short sales to minimize unnecessary losses related to fraud and property underpricing, which CoreLogic estimates at $41,500 per transaction.

CoreLogic closely follows short sale fraud and has done so since the practice began to grow in popularity after the housing bust. Two years ago the mortgage data provider warned that fraudulent.

MBA: Prime ARMs Set Tone for Troubled Mortgages in Q2 MONEY IS THE CANCER – Congress, the President and nearly every other arm of government are no longer in-touch with. I say all that to introduce this next piece in the blog – MONEY IS THE CANCER. I’ve blogged about this.

Short sale basics | Housing | Finance & Capital Markets | Khan Academy But short term, it makes for a somewhat uncertain reprice risk. It was an incredibly strong auction yet has produced nothing by way of market reaction. This merely adds to a rather uneventful.

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