search

The Real Deal Logo

Trending

LA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsTides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealF Street, CKO pumping $35M into distressed South Side apartmentsF Street, CKO pumping $35M into distressed South Side apartmentsLandlords to Rent Board: The Bronx will burn againLandlords to Rent Board: The Bronx will burn again
South Florida

Fraud reports suggest added scrutiny

Sign Up for the undefined Newsletter

Florida has the dubious distinction of being among the top 10 states in mortgage fraud, according to the National Association of Realtors. The association said in a recent report that realtors can help slow crime in the state. Recognizing, reporting and avoiding mortgage fraud is possible, and some key red flags include price adjustments that are not supported by comparable market data, possibly accompanied by a request that the list price in the MLS be altered to reflect appraised value. Asking for a specific appraiser is another clue something may be amiss, the report said.