Tag Archive

Freddie Macs Housing Heist

Published on December 9, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

But Freddie Mac now claims it has discovered a new type of fraud, perpetrated by homebuyers who fail to disclose the amount of resale value. Think of a potato farmer suing McDonald’s for not disclosing the price of french fries, and you get the idea.

Freddie officials are careful not to say failure to disclose the resale price illegal. Why? Because it’s not. Still, earlier this year Freddie imposed a ban on resales of distressed properties by professional home buyers. Which begs the question: how can Freddie tell a buyer what to do with a property once it is sold

Confusion about short sale fraud, flipping, flopping and the legality of it all!!

Published on July 10, 2011 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

*First before I start this post my disclaimer is – I’M NOT A LAWYER SO TAKE NOTHING AS LEGAL ADVICE* now you may proceed It amazes me when I read articles, newsletters, and blogs to see the amount of confusion about short sales and the “Flip” process.  Even at the end of last year Fannie […]

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