tag:blogger.com,1999:blog-36096789.post4296970125061551458..comments2023-04-11T01:02:46.639-04:00Comments on Title Insurance Talk bsherry@tcsclosing.com: Mortgage fraud always surprises me....Becky Sherryhttp://www.blogger.com/profile/06708452533161661554noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-36096789.post-44455281212439330242009-04-14T15:51:00.000-04:002009-04-14T15:51:00.000-04:00It amazes me how many folks elevate form over subs...It amazes me how many folks elevate form over substance, believing that there are legitimate ways to do this. For example, it really doesn't make any difference if the title agent issues a single check to the seller, and the seller in turn writes a check or gives the buyer cash.<br /><br />It's harder to catch, and doesn't implictate the title agent, but it's still fraud.<br /><br />I have often thought that lenders ought to require seller to specifically attest to no side deals. I realize the HUD and the acknowledgement of receipt of the HUD do that, but it needs to be in black and white. YOU MAY HAVE NO SIDE-DEALS where the HUD-1 is required.<br /><br />The truth is, many lender reps were teaching the originators how to do these deals - how to get over on their own systems.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-36096789.post-55490318398493018282009-04-07T11:21:00.000-04:002009-04-07T11:21:00.000-04:00Thanks, Anon. Keep fighting the good fight. ;)Thanks, Anon. Keep fighting the good fight. ;)Dhttps://www.blogger.com/profile/13347332449162866987noreply@blogger.comtag:blogger.com,1999:blog-36096789.post-90344036731710006752009-04-07T11:18:00.000-04:002009-04-07T11:18:00.000-04:00It's stories like these, and my own personal exper...It's stories like these, and my own personal experience with this kind of thing, that just about drive me to despair about our industry; then I remember that there are folks like you out there too and my faith is restored.Anonymousnoreply@blogger.com