Posted by & filed under Short Sales, Stockton Real Estate.

As short sales are significant in foreclosure prevention, fraud concerns abound. Appraisal fraud to flipping, the short-sale process poses several possible areas of fraud where the servicer must take preventative action. Included but not limited to the following:

– Focus on making sure it’s an arm’s-length transaction
– Search deeds on a regular basis

– Pull titles six months after closing

– Work with capable and/or short sale certified Realtors

– Sell for market value

Short-Sale Departments Hone In On Fraud

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