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Florida to get TOUGH

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USPAP Compliant

Thread Starter
Elite Member
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North Carolina
http://www.wjhg.com/home/headlines/13992787.html

They got an inflated appraisal of $180,000 in a home that no one would pay that much for. They closed this loan at McDonald’s.”

The FBI ranks Florida as one of the top 10 mortgage fraud hotspots in the nation. State leaders say the problem is reaching crisis levels in the Miami and Tampa areas.
 

Mike Kennedy

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Sep 28, 2003
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New York
Lobbyist $$$$ directed Understatement of the Decade "is reaching" :Eyecrazy:
 

Francois K. Gregoire

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Certified Residential Appraiser
State
Florida
I call BS on the State of Florida AG McCollum 'getting tough'!

Yesterday, while talking with an SE Florida reporter in an interview as a follow up to the St. Petersburg Appraisal Fraud Conference, she mentioned this press release
http://myfloridalegal.com/newsrel.nsf/newsreleases/705D7BA54B5A9958852573D800637C1A

while the press conference was still going on. After getting off the phone and reading the release, it seemed as though some of the company names sounded familiar. Sure enough, the Florida Real Estate Appraisal Board has already revoked the certification of one of the appraisers providing "services" to the company. On the docket for the February FREAB meeting is a case against one of his trainees.

The complaints were filed by the borrower/homeowner that ended up being scammed.

While the efforts of the Florida Attorney General are commendable, they are late to the party on this issue. In January, 2007, along with several members of the Florida Association of REALTORS, I met with AG Bill McCollum. We brought up the subject of mortgage and valuation fraud and the need for attention and resources from law enforcement along with offers of cooperation and information. Needless to say, there was no follow up from his office.
 

Karl

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State
Arizona
While the efforts of the Florida Attorney General are commendable, they are late to the party on this issue. In January, 2007, along with several members of the Florida Association of REALTORS, I met with AG Bill McCollum. We brought up the subject of mortgage and valuation fraud and the need for attention and resources from law enforcement along with offers of cooperation and information. Needless to say, there was no follow up from his office.
__________________
Could this be due to MANY that are involved in this fraud hold high state & Fedral government positions.???
 
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USPAP Compliant

Thread Starter
Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
All the regulatory agencies were late to the party....... every last one of them. The party started in 1989 and some are just now getting dressed to attend.

I hope the party gets large, loud and productive.
 

Francois K. Gregoire

Senior Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Karl,

There is no evidence of that. The AG, Florida Department of Law Enforcement, Division of Financial Services and local law enforcement groups are getting on board. For example, a local officer from the FDLE attended last Friday's Appraisal Fraud Seminar. She was pleased to see so many concerned appraisers and happy to make contact with folks capable of assisting in her investigations of mortgage and valuation related fraud.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Call To Arms!

February 20, 2008 - 10 AM

I'm calling on all Florida appraisers and any others that want to join us to meet at the capital building in Tallahassee to demand AG McCollum do something and that the competent and ethical appraisers of Florida that have been blacklisted by so many in the real estate mortgage origination and sales business are ready, willing, and ABLE to help his office clean up our state!

National and local media will be recruited!!!!!


Added:

BRING MULTIPLE COPIES OF EVIDENCE OF ANY KIND OF PRESSURE AND/OR FRAUDS TO HAND OUT!
 
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Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
Karl,

There is no evidence of that. The AG, Florida Department of Law Enforcement, Division of Financial Services and local law enforcement groups are getting on board. For example, a local officer from the FDLE attended last Friday's Appraisal Fraud Seminar. She was pleased to see so many concerned appraisers and happy to make contact with folks capable of assisting in her investigations of mortgage and valuation related fraud.

I so hope your right Frank BUT here in AZ we had a real go get em group set up by the Governor & AG, Publicity & a hands off policy, With instructions to "BRING EM IN" Well they were doing GOOD. Then there funding was reduced to 50,000 after they did TO GOOD. Hope you guys have great success. Please keep us posted.
 

444nutman

Senior Member
Joined
Jun 20, 2007
Professional Status
Certified Residential Appraiser
State
Florida
__________________
Could this be due to MANY that are involved in this fraud hold high state & Fedral government positions.???
Ole Billy Boy is a career politician. He has sold his soul many times and is quite adept at it. Karl he would wash your car for $100 and turn his head away from any fraud for less. I have sent numerous emails to this hack. I have never received a single reply. I can't wait til next election. I have never donated but will send a check to his opponent.
 
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