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Top 5 States for Mortgage Fraud
Tweet Share on Facebook September 2, 2008 Comment (2)In a recent report, the Mortgage Asset Research Institute listed the nation's "top five mortgage fraud states" for the first three months of 2008.
From the Mortgage Asset Research Institute, via Mortgage Insider:
State Rankings
As shown in Table 1 below, Florida owns the top spot as the state with the most properties with material misrepresentation submitted by MARI subscribers for loans originated during the first quarter of 2008. Twenty-four percent of all incidents submitted nationwide were for properties in Florida. California ranks second, followed by a three-way tie for third place among Illinois, Maryland, and Michigan.
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Realtor Refund Tied to Super Bowl Appearance
Tweet Share on Facebook September 2, 2008 CommentAnyone who saw how lousy the Redskins looked in their last couple of preseason games knows the chances of getting your commission back through this real estate sales gimmick aren't great.
From the Sun Gazette, a group of weekly papers published in Washington's suburbs:
Brian Madden, a Realtor with Bock Realty, has launched an innovative marketing plan in an effort to drum up business during early autumn. If the Redskins make it to the Super Bowl, he will refund his commission to anyone who retains him to help buy or sell real estate in Arlington, Falls Church, and McLean."They don't even have to win it, just get there," Madden said of the home team in a recent ad. . . .In December 2006, a Los Angeles furniture store offered to refund the sales price of a week's worth of transactions over $2,000 . . . if UCLA defeated the heavily favored University of Southern California on the gridiron. When UCLA defeated USC, 13-9, a lot of people got free furniture. . . .
There is some fine print, of course. A buyer or seller must sign an agreement to be represented by Madden's firm before Oct. 1. No waiting until December, when the team's fortunes will be a lot more clear.
