Freddie Mac Warns of Short Sale Fraud :: The Construction Management Pro

Freddie Mac Warns of Short Sale Fraud

I have often heard investor Gurus say that as an investor we have to “influence the Broker Price Opinion” (BPO). Lately, that language has changed to “providing the broker with our estimate of value.” This article warns investors of the dangers in flipping short sales. “The GSE is seeing trends in which agents manipulate the short sale price and obtain a low broker price opinion (BPO) by inflating repair estimates or making the house look more distressed than it really is, something called reverse staging.”

To be forewarned is to be forearmed!

http://www.dsnews.com/articles/freddie-mac-warns-of-short-sale-fraud-2011-08-25

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One Response to “Freddie Mac Warns of Short Sale Fraud”

  1. 100 Day Loan Reviews on July 2nd, 2013 7:01 am

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