Real Estate Fraud: Why Is It Becoming More Common?


Fraud, or at least charges of fraud, just keep on coming in the mortgage and real estate world, leaving homebuyers wondering where the oversight is. The criminal courts are getting busier, hearing cases against the employees and executives of the same companies that are supposed to be helping homebuyers.

Why is there now so much corruption in the mortgage industry? It's an issue that Congress is looking into. The federal government currently is expanding its oversight of the banking system and financial markets, the entities that helped cause the recession.

Here are three of the more prominent recent examples: