Shortsale Sellers-Mortgage Fraud-Use Those Words Carefully!

Mortgage Fraud -Think and use these words carefully if you are a short sale seller! I say this because I have seller's calling me from all walks of life...from different states...with different situations..short sale situations and some sellers choose the words mortgage fraud!

When I hear mortgage fraud...I ask immediately...have you called an attorney? In most instances..a REALTOR is the first person they call..and in some instances its just been me!

My advice to sellers:

Be very careful using the term mortgage fraud..you may in fact implicate yourself! Seek the advice of an attorney..especially if you have..a stated income loan...or You know the 1003 application...has false information..after all you signed the darn thing and that signature might be enough to implicate yourself.

My advice to REALTORS:

Ask thought provoking questions..you'll get the answers...and most of all listen..and the next time you speak to a short sale seller let them know..their very own actions might in fact implicate them. Remind them you are not an attorney..and that they should in fact..seek the advice of an attorney!

• Take Short sale training and ask questions
• Telemarketing and Banks
• Thoughts About Short sales
• Don't Assume Anything About Short sale Sellers
  

Has a short sale seller contacted you and used the words Mortgage Fraud and what advice did you give them?