Well, just call me Inspector Gadget! (And I am not mentioning any names, cities, addresses, etc.)
In Texas, foreclosures can only happen 12 times a year. They occur on the first Tuesday of every month. Tuesday, March 2nd seemed to be the average run of the mill day for me until about 5:30 PM. I received an email from a loan servicing company that I have done BPO’s (Broker’s Price Opinion) and REO’s (Real Estate Owned) for in the past. This request was for an occupancy check among other things for a prelisting of an REO. I quickly darted out to be able to check the house our before it got dark, plus this was a great time to try to see if someone was home. As suspected the house was indeed vacant.
Once I returned home, I began pulling up some information on the property. It quickly became evident that I had something much bigger than I had initially thought. Those 2 words that every person in the Real Estate Industry fears….Mortgage Fraud.