According to a September 13, 2018 report from CoreLogic, mortgage fraud risk increased 12.4% from the 2nd Quarter of 2017 to the second quarter of 2018.
In addition, income fraud risk increased 22.1%. An influx of out of state real estate investors is causing a spike in fraud in some regions of the country.
The good news is that “undisclosed” real estate debt fraud risk “decreased” 11.4%.
The message? Do your due diligence!
CoreLogic Insights Blog, CoreLogic.com