Report: Fla. still tops for mortgage fraud how about Pace?
By Charles Stallions Property Manager, Pensacola, Pace & Gulf Breeze Property Management
(Charles Stallions Real Estate Services)
Investors and Landlords Wanted for Pensacola, Pace and Gulf Breeze Short Sales Report: Fla. still tops for mortgage fraud how about Pace? LexisNexis: South Fla. third highest MSA nationally. Fraud by industry pros down, but buyer-seller "collusion" up. Read more. The LexisNexis Annual Mortgage Fraud Report for 2012 finds that the number of real estate professionals involved in mortgage fraud declined, but there over the past three years, there has been an increase in fraud that involves only buyers and sellers, called “collusion” in the report.Based on incident reports submitted by LexisNexis’ MIDEX subscribers, collusion between mortgage industry professionals was fairly constant before 2009 – about 5 percent of all loan originations. It rose to 7 percent of loans originated in 2...
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