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Loan Modification

: Loan Modification & Home Loan News

Short-sale ?flopping? may be next big housing scam

By Moe Bedard

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Lenders lose an estimated $310 million annually in undervalued short-sale transactions, according to a study released in August. But homeowners lose millions too, especially when unscrupulous loan brokers, real estate agents and lawyers are involved. Of the more than 5,000 complaints in the PreventLoanScams.org database, between 1,400 and 1,500 indicate that a lawyer was involved, [...]

Full post as published by Loan Modification & Home Loan News on September 10, 2010 (boomark / email).

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