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Scams on short sale approvals

short sale scam property guidingBogus letters result in $10 million in losses
Local homeowners and title insurance companies are being warned about possible mortgage fraud that involves bogus short sale approval letters from Bank of America.

Attorneys’ Title Fund Services, one of the largest title insurance underwriters in Florida, sent an alert last week, saying scammers are mimicking the lending giant’s approval letters, including similar language and the bank’s logo. Read the rest of this entry