Real Estate News Overview:
The FBI has found new ways to detect and combat mortgage fraud.
One example involved a national FBI initiative that uses statistical correlations and advanced computer technology to search for companies and individuals with patterns of property flipping.
They are using techniques such going undercover and installing wiretaps to collect evidence. They are even coordinating with the SEC to assess allegations of financial statement manipulation, accounting fraud and insider trading that may have contributed to the current economic crisis.
Real Estate Investor Coach Response:
Is this cause for the real estate investor to be alarmed? Perhaps, depending on how you run your business. As for me personally, I never make any promises that I can
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