Wake up lenders and buyers!
As we all know, there are a lot of modus operandi (MO) surfacing in today’s real estate fraud. Most often than not, they adopt MOs that include faking documents to be submitted to lenders and buyers (both have different amounts indicated), identity theft, doctoring financial documents so that the buyer can get a loan from the lender and so on and so forth. But FinCEN, or the Financial Crimes Enforcement Network said that most of these scammers, an estimation of 75%, are not real estate agents/brokers by profession? Most of them are civilians just like you and me. Now, this trend actually should act as a wake up call to those lenders and buyers that they should be careful about their dealings.
Photo taken from http://www.fillthevoid.org