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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (173804)12/26/2008 8:19:20 PM
From: tejekRead Replies (1) | Respond to of 306849
 
My wife is a litigator who mostly works with title insurance companies. The title insurance companies started seeing a big increase in fraud around 2003 and they could not get anyone to prosecute the crimes they kept finding.

It really did get a lot worse after the Bush guys took over from the Clinton guys.

I was selling real estate in LA in the late 90s. LA is the most likely place to see a lot of fraud and there was very little to be seen back then. There was some but no where near the scale we saw after 2000. And its not just real estate and the lenders.....we're seeing the same thing with the SEC.



To: Dan3 who wrote (173804)12/27/2008 12:42:46 AM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
RE:"My wife is a litigator who mostly works with title insurance companies. The title insurance companies started seeing a big increase in fraud around 2003 and they could not get anyone to prosecute the crimes they kept finding."

Dood, everybody was just gettin' rich. Greed is one of the most powerful forces in the universe. Even Obama couldn't have stopped it.


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