Foreclosures continue to set all time highs. What isn't reported nearly enough is the associated meteoric rise in mortgage fraud, perpetrated primarily by the same ilk that fed the hungry buying public bogus mortgage programs a few years back. Now it's under the guise of assisting in short-selling your home, fake assistance programs and stolen identity. Realtors, mortgage companies, title companies all have their rotten eggs and desperate sellers are easy pickings. The silver lining is you have legitimate choices. Make sure you ask A LOT of questions, check the backgrounds of who you are dealing and work with seasoned, verifiable professionals. If you are a seller, you are not alone. Don't feel like you are. Work with people you know and trust. It's not easy, there's no bailout money for you. Work through it, get it in the pass and start anew. Buyers, don't expect miracles or overnight closes, even if you're paying cash. The government-forced taxpayer bailout of banks (even one's that didn't need it) were paid handsomely for toxic mortgage debt. They are in no hurry to liquidate. Bottom line...buyer AND Seller...BEWARE!
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