Tuesday, March 17, 2009

How fraudsters get caught was the subject of a session entitled “Anatomy of a Sting.” Speakers offered attendees some advice on helping law enforcement create cases that would put these criminals behind bars. It starts with seeing the red flags and pulling the file out of automation. According to Allison F. Rabin, Esq. Vice President, SW Metro Loop Manager for Chicago Title Insurance Company, inflated values, quit claims in the chain of title and urgency on the part of the transaction parties to get the deal closed quickly are all red flags lenders should watch for. More to follow…

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