Short Sale Fraud Caught On Tape: Check this out

Short Sale Fraud Happens. Be Careful!

This is from Our Friends at:
Jeremy Brandt’s Short Sale Site

Short Sale Supervisor Talks to a Real Estate Agent – Recorded Conversation

The Short Sales and Bank Fraud story continues to gain traction. After CNBC aired the story we brought them, dozens of other media outlets, bloggers and authorities have contacted me to discuss this topic.

Here is the story of how this fraud initially came to our attention, along with the evidence to back it up.

Last year, I was contacted by an experienced real estate agent in our network who negotiates many short sales. She had recorded a conversation between her and a supervisor in the loss-mitigation department at a major national lender, who she felt was trying to get her to do something illegal.

Here is the audio of that recording, along with the transcript. The names have been removed at the request of the agent to prevent backlash from the bank.

Go here to listen to this recorded phone call of the second lien holder asking to have the Realtor or lender pay them outside of escrow which is Illegal as Heck!