FBI Crack Down On Real Estate and Mortgage Fraud

Real Estate and Mortgage Fraud Move up in Priority for FBI to Same Level As Counter-Terrorism

 With all that has heppened in the Real Estate Market and the Real Estate Financial Markets it is now time for those who cheated the system to pay for their wrong doing. The process of finding and prosecutingthese individuals has begin and it will most likely be going on for some time.

While this is a sad and shameful situation, it also brings to light some key points.

While the market was White Hot, investors stopped paying attention to the common sense practices that make a good investment. Many people who were new to Real Estate Investing and even those that were seasoned in it threw caution to the wind and went for broke in the gambles they were making banking on the ever increasing market.

For those that got a little careless, going for broke meant going broke. The end result is the record breaking increase in Forclosures and losses of fortunes that dissapeared about as quickly as they were created.

While some recourse will take place on some of the industry professionals that created this mess, there is another point to be made here.

Dealing with a trustworthy professional always makes sense. Developing a relationship based on trust will avoid at least 90 percent of the issues that lead to this disaster.

Please watch this video and then continue reading....

 Over the last four years I experienced a phenomenal shift in the way our business is done. Our clients became more educated and the remakable tool of the internet allowed more people a new way to shop for financing.

While this shopping gave the appearance of the ability to secure a "BETTER DEAL" for the consumer, it also opened the door for these crooked individuals to take advantage of people.

Many people got so caught up in the number associated with their Interest Rate, that they completely missed the details of the program they were getting into. People buying the home paid more attention to "What is my Payment", that they didn't look at the type of program they were getting into.

First Time Home Buyers just cared about the short term affordability of the home and not what was about to take place a couple of years later. Part of this was based on bad information, but a lot of it was also based on consumer GREED!

The lesson to be learned from this is that Real Estate is not BAD.

Most Real Estate Professionals are not BAD either.

As a consumer, you have to work with someone who is educated in the Rel Estate Financial Markets and someone who will have your best inrterest at heart.

And here is the TRUTH. The BEST information is NOT going to be the cheapest.

We have always compared a Mortgage to a Brake job on your car. You can get a cheappie deal, but will it serve you best when you are at the top of a hill. If you don't mind the risk, then save a few bucks. But if you want to know you have been taken care of, it will cost a bit more at the time the deal is made.

I always take the secure deal that makes sure I am well informed. I want to know what I have gotten myself into and I want to know all the possible outcomes.

Long term Fixed Rate Loans, Short Term Mortgage Loans, Interest Only Loans, and Option ARM loans all have their place and they all work well for the right situation. It is the job of the Mortgage Professional to explain these options and make certain that the loan you are about to embark on meets the financial needs of you and your family.

So yourself a favor and work with a Mortage and Real Estate Professional that can show you ropes, explain the benefits and risks, and match you up with the right program for your needs.

Greg Plummer

Contributing Author for Creative Lending Solutions

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