SANTA ANA, CA-CoreLogic, in its real estate study, asks lendersto be cautious of short sales fraud, stating that one in every 53transactions is fraudulent.
According to the company, fraudulent transactions have resultedin approximately $310 million losses annually for lenders andbanks. The study also revealed that short sales in the US havewitnessed a three-fold increase in the past 18 months and that overhalf of the transactions are made in Arizona, California, Floridaand Texas. For the full story, go to The Orange County Register.
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