Real estate fraud is real
April 2008 Edition
Real estate fraud is real
Real estate fraud is real
(NC)-A friend of a friend has a fantastic real estate "investment" opportunity for you: No need to put up any money, simply hold properties for a short time before they are flipped - and you and your new "friend" split the profits. "This may be a fraudulent scheme and the mortgage lender could soon be looking for your mortgage payments," says Kathleen Waters, a specialist in real estate law and vice president of TitlePLUS title insurance. "Even worse, the police may be looking to charge you with a serious criminal offence.
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Leanna Leksikova
Sutton West Realty Inc., Brokerage