CoreLogic chat shows short sale fraud evolving in unexpected ways

LPS: Foreclosure starts up 2.8% from one year ago In particular, foreclosures soared to new record highs in June, LPS found: The national foreclosure inventory rate during June was 2.86%, up 2.5% from one month earlier and a huge increase of 86.1.

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Even if only half of the delinquent or non-performing residential mortgage loans proceed through the foreclosure process or are sold through the short sale process, the supply of inventory available for acquisition would be significant, at approximately $353 billion, assuming a U.S. median home price of $201,500 as of April 2014.

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Law360, New York (October 1, 2015, 8:04 PM EDT) — background check data provider CoreLogic on Thursday urged a Virginia federal court not to grant plaintiffs’ bid to certify a massive class of 1.

I have an issue to come up where another company called CoreLogic who mistakenly paid my property tax bill for three years. They did this apparently back in 2005 through 2007. They waited another three years to actually inform me today of the issue.

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Today, 3.7 percent of short sale transactions involve suspicious activity, according to CoreLogic data. The highest rates of such suspicious activity are centered in California, Florida, Arizona, and Nevada, according to CoreLogic. Source: "CoreLogic Chat Shows Short Sale Fraud Evolving in Unexpected Ways," HousingWire

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By Michael Taylor – Michael Taylor is a columnist for the San Antonio Express-News and author of "The Financial Rules For New College Graduates." (Click on this link for more on Taylor’s credentials). August 24, 2018 updated: august 24, 2018 7:20am. A reader named Jesse, 73, called to relay his experience trying to get a reverse mortgage on his house, and to ask for my advice.