This course provides an overview of 29 common mortgage fraud schemes and begins with an examination of Georgia Mortgage Fraud Law. Students will learn how to recognize when a property is being illegally flipped and predict when straw sellers and straw buyers are being used to commit fraud. The course also explores schemes involving shell companies, escrow accounts, "No Doc" loans, false IDs, and silent second mortgages. False money, neighborhood flipping, and fake comparables are also discussed. The course closes with a look at how perpetrators move money out of deals and use false documents.
Language: English
