As the saying goes, “if all you have is a hammer, everything looks like a nail.” The gist is that one’s view of solutions is biased toward one’s window on the world. A fraud investigator may think of business in terms of losses, often neglecting to check off each element for a claim of fraud before allowing an article about it. A […]
Archive for April, 2010
TARP Inspector “Flopping” Fraud Warning
The latest “emergency news” flashing across the Internet is about the TARP (Troubled Asset Relief Program) SIG (Special Inspector General) Report to Congress warning about Property “Flopping” Fraud. “Flopping” is not a misspelling, so add it to your spell checker. Before more people start blogging (and offering new training programs designed to “solve” the new […]
Short Payoff Fraud Webinar Replay Links
Tuesday, April 20, 2010 has probably set a record for webinar content on a single topic on a single day: the Freddie Mac news article discussing a concept of “Short Payoff Fraud.” Anyone who considers him/herself a serious real estate professional (real estate agents, brokers, investors, title, escrow, etc.) should conduct serious study about this issue. […]
Thinking About “Disclosure Chaos”
I’ve been thinking about the chaos that could be created if the disclosure of all pending offers a short sale investor receives were to become the law of the land. Keep in mind, I don’t believe it is the current state of the law and I don’t believe it would be good policy for it […]
Webinar Wrap-Up on 4/20 at 4PM Pacific
If you can’t make either of the earlier webinar opportunities on Tuesday, April 20, I’ll be giving a “wrap up” webinar hosted by Cory Boatright at 4PM Pacific (7PM Eastern). We’ll cover the various developments and thoughts that have been presented throughout the day. Register at https://www2.gotomeeting.com/register/615006378 Cory’s comments are found at http://shortsalefundamentals.com/blog/2010/04/19/freddie-mac-short-sale-illegal/ I know, it’s […]
The Three Lawyers Webinar 4/20 Noon Pacific
“The Three Lawyers:” You’ve heard of the “Three Amigos” and the “Three Tenors,” now there’s the “Three Lawyers.” Chris McLaughlin, Jeff Watson and I will have a webfest on Tuesday, 4/20 at 3PM Eastern (Noon Pacific) [right after Jeff’s own webinar –hope his voice holds up]. You’ll get three points of view about the recent Freddie Mac […]
Watson Webinar on Tuesday 10AM Pacific
Obviously, there’s questions about the recent Freddie Mac article about “short payoff fraud.” I’ll be posting more, participating in webinars, and getting involved with direct government contact in concert with other key players in short sale investing (much of which likely will be behind-the-scence, so don’t get anxious when you don’t hear about them). As […]
Freddie Mac Article No Reason to Panic
I wasn’t going to write about the April 12 Freddie Mac online article about “Short Payoff Fraud” for several days because it is so fraught with misstatements and misunderstandings that it’s my humble opinion that it will be modified and clarified soon. However, I have received too many inquiries from nervous real estate investors and […]
California Extends Mortgage Debt Forgiveness
Mortgage Forgiveness Debt Relief Extended – (Reprint from Ca. Franchise Tax Board) [Please register or login if you cannot read the whole article. ] On April 12, 2010, SB 401, the Conformity Act of 2010 was enacted. It allows taxpayers who had all or part of the loan balance on their principal residence forgiven by their […]
