Scams & Frauds (Archives)
Tucson REALTOR® Asked for REO Kickback
Posted on April 24, 2013 by Bethany Helvie
Armando Granillo, a former Fannie Mae employee, was indicted in March 2013, by a grand jury on allegations of taking kick-backs related to his role as a Real Estate Owned Foreclosure Specialist. Granillo’s position at the Irvine, California. Fannie Mae office was to review applications submitted by real estate brokers who wanted to list Fannie [...]
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Posted on November 16, 2012 by
The information contained on this page is intended to bring possible scams or fraudulent activity to AAR members’ attention in an effort to help you reduce your risk. Brokers should be alert to these scams and report them if discovered. For information on filing a complaint, see the “Resources Links” sidebar. If you are aware [...]
Continue Reading »5 Real Estate Scams You Need to Know About
Posted on October 1, 2010 by Melissa Dittmann Tracey
Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage fraud, according to FBI reports. “An entire community can be damaged by mortgage fraud,” says Rachel Dollar, a lawyer from Santa Rosa, Calif., and editor of the Mortgage Fraud Blog. Mortgage fraud can lead to a spike in foreclosures, [...]
Continue Reading »National Scams/Frauds
Posted on April 4, 2010 by
Payments to Entities, Asset Dumping & More “Fraud Insights” – Fidelity National Financial – Volume 7 – Issue 8 – August 2012 U.S. Attorney Charges 11 for Mortgage Fraud, One for Attempted Murder DSNews.com – July 20, 2012 Third-Party Short Sale Negotiator Misrepresents Closings Costs on HUD-1 Statement “Fraud Insights” – Fidelity National Financial – [...]
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