FBI in home foreclosure investigation

[donaldduckmoore]

I heard from a friend of mine that the foreclosure process may take longer because the FBI is going to investigate every transaction for homeowners who are under water. Can anyone who is familiar with RE business give me any information?

[jeeman]

Hopefully they hired thousands of agents because there will be quite a few foreclosures in the U.S.

[jeeman]

Hopefully they hired thousands of agents because there will be quite a few foreclosures in the U.S.

[jeeman]

Hopefully they hired thousands of agents because there will be quite a few foreclosures in the U.S.

[lendingbubblecontinues]

I’ll help ’em free of charge

[lendingbubblecontinues]

I’ll help ’em free of charge

[lendingbubblecontinues]

I’ll help ’em free of charge

[bsrsharma]

investigate every transaction

 FBI Full Emplyoment Program?

[bsrsharma]

investigate every transaction

 FBI Full Emplyoment Program?

[bsrsharma]

investigate every transaction

 FBI Full Emplyoment Program?

[golfproz]

Where do the out of work brokers apply for that job?

[golfproz]

Where do the out of work brokers apply for that job?

[golfproz]

Where do the out of work brokers apply for that job?

[(former)FormerSanDiegan]

investigate
I doubt they mean a full investigation. However, I could envision them screening many or all based on automated criteria. The banks could also screen all for fraud, then report certain fishy transactions to the FBI, who then might be compelled to investigate.

But the routine investigation of ALL foreclosures sounds like an urban legend in the making to me.

[(former)FormerSanDiegan]

investigate
I doubt they mean a full investigation. However, I could envision them screening many or all based on automated criteria. The banks could also screen all for fraud, then report certain fishy transactions to the FBI, who then might be compelled to investigate.

But the routine investigation of ALL foreclosures sounds like an urban legend in the making to me.

[Author]

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