http://crosslandteam.com/blog/2007/01/27/study-texas-riddled-by-foreclosures/ Austin Real Estate Blog Wed, 08 Feb 2012 19:40:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://crosslandteam.com/blog/2007/01/27/study-texas-riddled-by-foreclosures/#comment-476 Lucy Mon, 12 Mar 2007 15:37:48 +0000 http://ben.crosslandteam.com/blog/2007/01/27/study-texas-riddled-by-foreclosures/#comment-476 Not only is it the lenders approving loans for under qualified applicants, but it is also fraudulent appraisals and income statements that have contributed to the rise in foreclosures. An alarming trend it has become. Per the Swanepoel Trends Report more and more people are being sent to jail on charges of bank fraud and conspiracy to commit mortgage fraud. Now, some lenders are tightening their loan requirements and it will make it more difficult for homebuyers to purchase or refinance. Where does it end? Not only is it the lenders approving loans for under qualified applicants, but it is also fraudulent appraisals and income statements that have contributed to the rise in foreclosures. An alarming trend it has become. Per the Swanepoel Trends Report more and more people are being sent to jail on charges of bank fraud and conspiracy to commit mortgage fraud. Now, some lenders are tightening their loan requirements and it will make it more difficult for homebuyers to purchase or refinance. Where does it end?

]]> http://crosslandteam.com/blog/2007/01/27/study-texas-riddled-by-foreclosures/#comment-475 John Sun, 28 Jan 2007 17:37:53 +0000 http://ben.crosslandteam.com/blog/2007/01/27/study-texas-riddled-by-foreclosures/#comment-475 Shh..you'll put us HUD agents out of business :) Shh..you’ll put us HUD agents out of business

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