Freddie Mac alerts real estate agents to rising short sale fraud

HomeSteps Fraud policy homesteps policy Regarding Fraudulent, Dishonest and Illegal Acts. HomeSteps maintains a zero tolerance policy regarding fraudulent, dishonest and/or illegal acts performed, facilitated or known by any vendors selling or servicing Freddie Mac/HomeSteps homes.

Freddie Mac Short Sale Affidavit Issues for Title Insurance Three charged in real estate fraud scheme. for the "short sale" of real estate and did not comply with "arm’s-length" transaction provisions which require that dealings be conducted between.

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Victims: Sellers, buyers, lenders. All payments made as part of a short sale transaction should be disclosed to the lenders and other parties approving the short sale. According to Freddie Mac, short sale fraud occurs when someone deliberately misrepresents a fact or omits a fact in order to induce a lender, investor,

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Freddie Mac requires the real estate agents, buyer, seller, escrow agent, and any third-party negotiators to sign an arm’s-length affidavit shortly before or at closing. Considerations

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