CoreLogic chat shows short sale fraud evolving in unexpected ways

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Short Sales in Real Estate: Everything You Need to Know CoreLogic has introduced the Short Sale Monitoring Solution, which the company describes as the industry’s first short sale fraud prevention and pricing solution. The new service allows lenders to receive alerts on "risky" pending and closed short sales to minimize unnecessary losses related to fraud and property underpricing, which CoreLogic estimates at $41,500 per transaction.

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CoreLogic chat shows short sale fraud evolving in unexpected ways Moody’s predicts tougher times for some homebuilders "If there is another recession, I think it wouldn’t be as severe and it would also be shorter," says Gus Faucher, senior economist at Moody. time around," says Paul Dales, senior U.S. economist at.In a round table.

Today, 3.7 percent of short sale transactions involve suspicious activity, according to CoreLogic data. The highest rates of such suspicious activity are centered in California, Florida, Arizona, and Nevada, according to CoreLogic. Source: "CoreLogic Chat Shows Short Sale Fraud Evolving in Unexpected Ways," HousingWire

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