Servicers Taking Steps to Prevent Short Sale Fraud

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 – […]