Seattle’s local NPR station KUOW ran an interesting segment yesterday morning called Navigating the Current Housing Market. KUOW host Steve Scher has real estate agent / appraiser Richard Hagar and Urban League housing director Linda Taylor in-studio to discuss how we got where we are, and what’s going on right now with real estate in…
Tag: fraud
The Biggest Real Estate Scam Of All Time
A reader sent me this excerpt from the Fraud Examiners Manual (2006 edition), published by the Association of Certified Fraud Examiners: Real Estate Real estate scams are easily recognized. There is almost always an element of time pressure, with the victims being convinced they are participating in a “once-in-a-lifetime, now-or-never” deal. The investors are led…
Seattle Times “$1.5M condo on 20K income” Story Full of Gaping Holes
Last Friday, the Seattle Times ran an interesting story about a “limousine driver, earning little more than minimum wage” being approved for a loan on a $1.5 million condo in Bellevue Towers. The story was also picked up by at least one of the local television news outlets, and has been making the rounds on…
Link Roundup: Taxes, Fraud, & Layoffs (oh my)
There have been a lot of local real estate stories this week that are worth mentioning, but aren’t big enough to merit their own post. So it’s time for another link roundup. Tax Assessments & Government Revenue First up, while tax assessments may be falling in Pierce and Snohomish, it looks like they’re still on…
Saying there are no performance enhancing drugs in professional sports….
…is like saying there was no fraud that took place during the last few years in housing. No loan officers falsified loan documents There was no signature fraud No escrow/title agents producing phantom Settlement Statements No complicit real estate agents in the loop No complicit Notary Public signers No fraudulent appraisals No cash back post…