About the Blog / About Me / / Real Estate Recommendations


Suggest a link?

« Food Fight | Main | Aloha au iā ‘oe »

September 29, 2005

Getting ready for San Francisco

House_floor_plan_1 New York Artist & Realtor, also known as The Loft Ninja folded some of his blogs (Loftblog, Urban foto & Ninja Listings) into Just In New York

“826 Cambridge Oval” is a blog about a wonderful home that is for sale in San Antonio, TX . (From ”Inman Blog”)

Similarly, “Mattamy Homes in Hawthorne Village, Milton” is a weblog about buying a new Mattamy home in Hawthorne Village, Milton

Miami Sun Post Columnist & Realtor Phyllis D. Huguenin’s South Florida Real Estate Blog

Real estate India blog

Mandeville Responds: The purpose of this Weblog is to publish information about the response of the local and national communities in the aftermath of the Katrina disaster. Also: Realtors respond

From Petaluma, California - It’s your best move

The blog of Jason Nowlin, Realtor in Columbia, MO. (I once drove to Columbia, MO, to meet with one of my favorite authors, William Least Heat-Moon)

Denver Modern Homes. The newest from Todd Carpenter, publisher of a network of mortgage and real estate blogs

Vince Bindi of Keller Williams, a new blog from Orange County, CA

Luxury Sarasota Living

Cleveland Ohio Real Estate with Cecilia Sherrard

Jersey Shore Market Watch

Real Estate Internet Marketing

Dom Tassone’s My Place Chicago

By the way, if you are going to be in San Francisco at the end of October, and you'd like to meet, let me know...

The complete List of Real Estate Blogs as well as Grow-a-Brain’s Extensive Real Estate Archives are Here

September 29, 2005 in Real estate Blogs | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference Home for sale:


Are You Educated About Mortgage Loan Fraud?
by Blanche Evans

According to broker Ralph Roberts, one in four mortgage loan transactions is fraudulent.

Are you guilty? Don't be. It's a matter of time before the FBI makes an example of real estate agents who participate in loan fraud.

Roberts says that mortgage loan fraud has grown way beyond the little white lies told by the borrower to inflate his/her income to qualify, or agents and lenders cajoling appraisers into meeting the listing price of homes for sale.

In the May, 2005 FBI Financial Report to the Public, the FBI defined fraudulent mortgage loan activity in the following ways:

Property flipping: Property is quickly resold at an inflated price, typically through inflated appraisals and/or doctored loan documents, including falsification of buyer income. Lending proceeds are often used to pay kickbacks to buyers, investors, property/loan brokers and appraisers and title company employees.

Silent second: The buyer borrows the down-payment from the seller through a nondisclosed second mortgage, which may not even be recorded. The primary lender believes the borrower has invested his or her own money.

Nominee loans/straw buyers: The identity of the borrower is concealed through the use of another person's identity for the purpose of hiding an applicant's name and credit history when applying for a loan.

Fictitious or stolen identity: May be used on a loan application.

Inflated appraisals: An appraiser acts in collusion with a borrower and provides misleading appraisals to the lender.

Foreclosure schemes: Homeowners at risk of defaulting or whose houses are already in foreclosure may be solicited to transfer the deed to their home, believing they can save their home. The perpetrator profits by re-mortgaging the property or pocketing fees paid by the homeowner.

Equity skimming: False credit reports and income documents are used to secure loans to purchase property, then the buyer signs the property over to an investor in a quitclaim deed, relinquishing rights to the property and providing no guaranty to title. The investor does not make mortgage payments and rents the property until a foreclosure suit is brought several months later.
Tips agents may want to pass along to their buyers and sellers include the FBI's Financial Crimes Report to the Public:

Get referrals from real-estate and mortgage professionals, and check the licenses of industry professionals with state regulators.

Be wary of unsolicited contacts and high-pressure sales tactics. A promise of extraordinary profit in a short period signals a problem.

Check out recent comparable sales of property in the area where you are buying, and other documents, such as tax assessments, to verify the value of the property.

Review the title history to determine if the property has been sold multiple times within a short period, which could indicate that values were falsely inflated.

Know and understand terms of your mortgage and check that information against information in other loan documents.

Never sign loan documents that contain blanks.
And last but not least, if a deal seems too good to be true, it probably is.

Published: October 3, 2005

Posted by: ralph roberts at Oct 7, 2005 7:03:32 PM

Here is a new real estate blog dedicated to NYC and the metro NJ area.


Posted by: New York apartments at Oct 18, 2005 3:02:07 PM

WARREN, Mich., Oct. 25 /PRNewswire/ -- Quick, big profits hidden in
complex transactions have made real estate fraud the crime of our time. Real
estate fraud has grown to more than $1 billion annually, according to the FBI.
Ralph Roberts, the nationally known REALTOR(R), author and owner of Ralph
Roberts Realty, LLC, has seen too many attempts at real estate fraud and has
taken an aggressive stance against it. Working with the FBI, County
Prosecutor's offices, state legislators and various law enforcement agencies,
Ralph sees real estate fraud as a disease that hurts communities and
individuals, calling it a national cancer that must be cured.
"It takes me 30 seconds to review a file and spot the fraud, and I have
hundreds of them in my real estate fraud war room right now," said Roberts,
who has handed several cases over to the FBI during the past few years. "I was
trying to explain to one of the alleged suspects that what he was doing was
illegal and warned him that he could end up in jail. He was probably laughing
at me while trying to con me into doing what I knew was wrong." The same
individual was one of 20 people indicted on charges of mortgage fraud in
Detroit on October 19.
Real estate fraud is not a victimless crime. Inflated housing values do
serious harm to communities in many ways, including affecting neighborhood tax
bases and increasing the number of vacant homes in a community. Individual
victims can lose their homes, ruin their credit scores and ability to secure
any kind of financing, and end up in jail.
Ralph Roberts will present a program on real estate fraud at the National
Association of REALTOR(R)'s annual conference in San Francisco on Thursday,
October 27th. The presentation, entitled "Too Good to be True," will be
available as a PowerPoint download on request.
Ralph Roberts, recognized by TIME Magazine as "the best-selling
REALTOR(R)in America, is the owner of Ralph Roberts Realty and author of Walk
Like a Giant, Sell Like a Madman, Real Wealth By Investing in Real Estate, 52
Weeks of Sales Success and Sell it Yourself. He has been the number one
residential real estate agent for over a decade and is a popular motivational
speaker. Ralph Roberts Realty is located in Warren, Michigan and online at
http://www.ralphroberts.com , tel. (586) 751-0000.

Contact: Shari Goldstein 631-595-7150 [email protected]

Lois Maljak 586-751-0000 [email protected]

SOURCE Ralph Roberts Realty, LLC

Posted by: ralph roberts at Oct 25, 2005 8:24:04 PM


Great Blog!!

I will bookmark your site for sure for updates on Mortgage, Foreclosure and Real Estate related issues. You already there on my Links Directory.

Keepup the good work!!

Posted by: Stop Foreclosure at Dec 13, 2005 12:13:51 PM

Thanks for the info. I have made a copy and will share it with the loan officers in the office.

Craig Roll
First Equity

Posted by: Craig Roll at Oct 1, 2007 10:50:29 AM

Know what? i like the layout of your blog,its a lot of sense. Your post very innovative,keep up the good work.


Posted by: house for sale philippines at Jan 12, 2009 7:12:43 PM