41 Charged in 5 Mortgage Fraud Cases by alissandria obrien of Preservation Monthly 06/24/2009 ....15 individual defendants and four businesses purchased distressed properties, including from the U.S. Department of Housing and Urban Development, and then resold them for fraudulently inflated prices approximately two to three times the purchase price..... Link to see the full article. http://www.preservationmonthly.com/story_2012.htm I have blogged on this over and over, each time, I get all kinds of hate mail and personal attacks but, as i have been saying since last year, when this started taking off in my area, it's fraud. by the way, I am not going to argue with anyone if it is or isn't.....I have contacted my local FBI office and was told that if anyone has a question about this process, they can call them directly and they will help you understand just why it's illegal.
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Jesse Gonzalez is a highly accomplished and respected real estate professional with a wealth of experience in the industry. With a career over 15 years, Jesse has established himself as a leading real estate sales and marketing expert.

As a licensed real estate agent since 2005 and a broker since 2008, Jesse has a comprehensive understanding of the complexities of the market. In 2013, he founded his firm, Liberty House Realty, LLC demonstrating his entrepreneurial spirit and commitment to delivering exceptional service to his clients.

Jesse's expertise extends beyond traditional real estate transactions. He obtained his Registered Appraisal Trainee in 2019, providing him with valuable insights into property valuation and market analysis. Although he decided to focus primarily on sales, his appraisal background gives him a unique advantage in understanding the intricacies of property values and trends.

With a dedication to excellence, Jesse consistently achieves outstanding results for his clients. Last year alone, he closed over $20 million in sales and received the prestigious Sapphire Award from his local association, recognizing his exceptional achievements in the industry.

Beyond his successful career in real estate, Jesse is passionate about education and personal growth. He is completing his undergraduate degree in Forensic Psychology, with plans to attend Law School in the fall of 2024. Jesse's ambition is to become a real estate litigator, focusing on real estate consumer protection law and advocating for the rights and interests of homebuyers and sellers.

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With a commitment to professionalism, integrity, and providing a personalized experience for his clients, Jesse Gonzalez is a trusted advisor and a driving force in the real estate industry. Whether assisting clients with buying or selling properties, he consistently goes above and beyond to exceed expectations and ensure successful outcomes.

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Comments

  • Flipping is flipping is flipping. Doesn't matter what you call it. Regular short sales with a hardship letter and verifiable distress should not bring any liability when it is sold for more after a good clean up, painting and landscaping. It certainly is understandable though when someone buys a house 2-3 times and claims to fix it up and sells is for double and triple the purchase price. We are all smart enough to know fraud when we see it.
  • That article didn't really detail the offense, but I'm sure it must have been serious. I'm sure it was more involved, then buying low and selling high. If that's a crime, lots of people are going to jail.
  • p.s. "involved" as in involved with "creative options/ transfers to trusts/ etc
  • this is just the start of the fall out. Unfortunately, much of this "new" housing market has many realtors involved in real estate activities ( bpo's , loan modifications, etc. ) that many of us have yet to see the liability for that $50 ck. Being involved with "creative" sales and as we've mentioned in other posts, stepping into a transaction without full disclosure to us can create a minefield and a backlash of liability. I've been doing this for 24 years and I try to be so cautious. I might be behind the curve on what shakes out as "ok" creative but right now I feel that there is so much slippery stuff going on with these options and trusts in short sales, it's not at all worth it to me to get involved in anyway.
  • Steele, you are absolutely correct.
  • Not arguing but any technique in investing can be turned into a fraudulent one. I would respectfully say that options can be done legally. What the FBI and others are running into, of course, is a type that is illegal. But rarely is anything a "blanket illegal".

    Not unlike dual agency. Hard to do correctly but can be done.

    And notice no name calling was involved :>)
  • Gee, no one arguing about this. I guess people going to jail has scared a few folks?
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