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rrroberts
255 Posts |
 Posted - 08/23/2008 : 7:55:31 PM
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Mortgage Fraud Statistics
According to the Federal Bureau of Investigation (FBI), which earlier this month issued yet another Mortgage Fraud Advisory, here are the latest Real Estate Fraud statistics:
Estimated Annual Losses: $4 billion to $6 billion
Total Mortgage Fraud Suspicious Activity Reports in Fiscal Year 2007: 46,717, with $813 million in losses
Total FBI Mortgage Fraud Task Forces/Working Groups (June 2008):
42
Pending FBI Mortgage Fraud Investigations (May 2008):
1,380
Cases opened in Fiscal Year 2007:
462 (compared to 295 in Fiscal Year 2003)
Successes in Fiscal Year 2007:
321 indictments/informations; 260 convictions
States with Significant Mortgage Fraud problems in 2008:
Florida
Nevada
Michigan "my State"
California
Utah
Georgia
Virginia
Illinois
New York
Minnesota
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mortgagemessiah
8003 Posts |
Posted - 08/23/2008 : 8:29:21 PM
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Ralph,
First, your signature line is against the rules o this site. Second, didn't you make your money preaching to the masses they could become wanna-be Donald Trumps by flipping homes in suburban Detroit which contributed to the mortgage meltdown there? How many of those homes are now in foreclosure? How many did you represent as a realtor? |
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benjamin
2196 Posts |
Posted - 08/24/2008 : 10:03:01 AM
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| Yeah, What he said. |
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darkstar
18082 Posts |
Posted - 08/24/2008 : 10:05:53 AM
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| I don't think there is one D&Ger outside of that list of states, imagine that! |
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Agent_Mike
375 Posts |
Posted - 08/24/2008 : 11:03:44 AM
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quote:
Originally posted by darkstar
I don't think there is one D&Ger outside of that list of states, imagine that!
That's because those are the only states that really matter .... |
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lucky1s
3614 Posts |
Posted - 08/24/2008 : 12:08:00 PM
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| I keep waiting for the FBI to call me so I can explain to them how this all went down but they never do. |
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velecico
3935 Posts |
Posted - 08/24/2008 : 1:14:37 PM
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| I was just wondering , if they could figure the profits from real estate fraud , those who bought , renovated , sold , with a fraudulent loan and never got caught , the bank made money on the loan along with everyone else , the= Realtor , the Broker all the way down to the gardner that planted the bushes , its got to be in the billions , so is that figure a wash ? |
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