Last year Countrywide Banking & Home Loans reached an agreement with the Federal Trade Commission totalling $108 million for overcharging nearly 450,000 homeowners before the struggling mortgage lender was bought out by Bank of America. These charges started over 3 years ago when Countrywide overcharged for inspections, home maintenance, lawn mowing and other services for […]
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Short Sale Fraud Plagues Lenders
Add mortgage lenders to the long list of people who are falling victim to real estate scams. Short sale fraud by unscrupulous real estate agents is estimated to cost lenders $375 million this year alone. The scam begins when the realtor receives two bids on a home, one low and one high bid. The realtor […]
Housing Market Instability Expected to Continue
Experts fully believe housing prices will continue to drop.
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Sedentary Work Increases Health Risks for Employees
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