Click here to get a daily list of bank owned homes for sale in Wake County delivered to your inbox daily.

What is Mortgage Fraud?

Surprisingly, since the so-called mortgage meltdown of 2008 mortgage fraud has risen exponentially, so much so that the FBI has a dedicated Mortgage Fraud unit within its White Collar Crimes Division. The increase has been attributed to four primary reasons: 1.) Decreased Mortgage Originations 2.) Tighter lending guidelines 3.) Increased Accountability by Lenders to Washington 4.) Reduced…

What is a CLUE Report and how could it impact my mortgage?

Most people are unaware of CLUE Reports and how they affect property ownership and protection. CLUE Reports include not only accepted claims, but denied claims and inquiries. They are meant to be a comprehensive record of all loss history on you as an individual and on a property.

HUD Predicts Some Rents increased by as much as 25% in Raleigh – Cary MSA 2013

Simply put, if you’re planning a move to the Raleigh – Cary MSA of the Triangle area of North Carolina in 2013 and your housing needs are such that you require a four bedroom home, renting may not be your most economical option today.

What Gives My Mortgage Company the Right to Hold My Insurance Claim Check?

The Escrow Department will likely be the same department that will cash and hold your insurance claims check. Don’t be surprised if your bank/lender actually place a hold on the check for up to five business days due to the protential for fraud given the number of mass losses that have occurred recently.

When Should I Get A Survey?

Property Boundaries Fences should not be considered an indication of property boundaries. Legal property boundaries are demarcated by surveyor pins or stakes. These are typically 1/2″ to 3/4″ round iron pipes flush or buried slightly below land surface. Newer pins might have yellow or orange caps that indicate the surveyor’s license number.