Real Estate Survival Guide with Terry Story
Business:Investing
A recent report from CoreLogic shows a 12.4 percent year-over-year increase in mortgage fraud risk for the second quarter of 2018. The report notes that the fraud risk index has steadily climbed over the past seven quarters and that those states with heavy outside investment are at risk for significantly higher mortgage fraud.
New York, New Jersey, and Florida topped the list of fraudulent applications. Risk increased at each of the top 10 riskiest states, with the greatest increases in New Mexico, Mississippi, Illinois, Oklahoma, and Texas.
CoreLogic’s analysis showed that about one in 109 mortgage applications contained some type of fraud, up from one in 122 a year ago. Mortgage applicants incorrectly reported data on identity, income falsification, undisclosed real estate liabilities, credit repair issues, and questionable down-payment sources.
Terry notes that the recent upsurge in home prices has led to a situation where bona fide home buyers are “lying a little” on their mortgage applications to get approved for loans. (1017)
Homes Are More Affordable Today Than 20 Years Ago
Will Tax Reform Kill America’s Housing Market?
The Best Times To Buy And Sell Homes
Could A Change In The Tax Code Drive Away Home Buyers?
Think Twice Before Adding Children To Your House Deed
What Do You Do If You Have A Bad Condo Board?
Are Bitcoins Really Worth Anything Or Just A Bubble Waiting To Burst?
Hot Off The Press! The First 2018 Housing Outlook
Home Prices Have Been Up Every Month, But Where’s The Inventory?
Yes, Florida Home Sales Are Rising After Hurricane Irma
Purge Your Home Before You Prepare to Sell It
Buyer Beware: Flipped Homes Could Be A Real Nightmare If You’re Not Careful
Sept 6th - Tiny Homes: Big Hope Or Big Hype?
Aug 30th - Be Alert! Hackers Are Stealing Millions From Buyers By Using These Real Estate Scams
Aug 23rd - Have You Been A Victim Of Home Buyer’s Remorse?
Aug 16th - Lower Your Interest Rate On College Debt With A ‘Student Loan Cash Out Refinance’ Program
Aug. 9th - Think Outside The Box To Win In Today’s Tight Housing Market
Aug. 2nd - What To Do If Your Neighbor’s Airbnb Starts Spinning Out Of Control
July 26th - Even Steep Discounts Aren’t Reviving The Sale Of Luxury Homes
July 19th - America’s Affordable Housing Crisis Just Got Worse In 2017 ~ VIDEO
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast