Baton Rouge Real Estate: How Mortgage Fraud Was Committed Post Hurricane Katrina

www.batonrougerealestatebuzz.com - Baton Rouge Real Estate Buzz: How Mortgage Fraud Was Committed Post Hurricane Katrina. In this video, Baton Rouge Home Appraiser, Bill Cobb, reports on-site from a high-end foreclosure and explains how mortgage fraud was committed. The fraud was in adding 400sf to 500sf to this home, which technically was not living area, and then using only 3 sales, which were not at all comparable and 2 were located many miles away, to arrive at a value $75000+/- higher than market support. The resulting higher mortgage payment may have led to this foreclosure. Important Note: Not all mortgage brokers acted in this manner, nor is Bill Cobb implying that all or most did. Just as there are honest ethical appraisers in this market, there are also honest ethical mortgage brokers as well.

Duration: 00:04:08   Rating:    View: 63
From: batonrougerealestate
Keywords: Baton Rouge Real Estate, Baton Rouge, Post Hurricane Katrina, baton rouge housing, baton rouge homes, real estate baton rouge, baton rouge appraisers, baton rouge appraisals

Related Video
Why It's Difficult To Appraise West Baton Rouge Real Estate Homes
Star:
Baton Rouge Real Estate: Oak Hills Crossing Subdivision Tour January 2011
Star:
Baton Rouge Homes Buzz: Villa Del Rey 70815 March Report
Star:
Baton Rouge Real Estate Pre-Foreclosure Driveby Inspection Process
Star:
West Baton Rouge Home Appraisers Report On Missouri Acres Subdivision Addis La
Star:
2011 St. Jude Dream Home: Baton Rouge Area Prairieville LA 37393 Hwy 621
Star:
How Does Baton Rouge Real Estate Compare To CoreLogic 7 Month Price Declines Report April 2011
Star:
A Day In The Life Of A Greater Baton Rouge Appraiser Part 1
Star:
East Baton Rouge Parish Quarterly Home Sales Report By Zip Code For Q1 2010 versus Q1 2011
Star:
Baton Rouge Real Estate Buzz: Maison Deville Townhomes Buzz
Star:
Baton Rouge Real Estate Buzz: Santa Maria Housing Market Report March 2010
Star:
Baton Rouge Home Sherwood Forest Subdivision
Star:
Baton Rouge Home Value Tips In Video Learn How To Price A Home
Star:
Baton Rouge Real Estate Minute: Tara Subdivision 2010 Housing Market Update
Star:
Do Additions Add Value To Your Greater Baton Rouge Home Part 1
Star:
Baton Rouge Back Up Generator
Star:
Baton Rouge Real Estate Buzz Sherwood Forest 2010 Buzz
Star:
Baton Rouge Real Estate Minute Video: Perkins Village 2010 Update
Star:
Baton Rouge Real Estate Videos Highland Creek Home Prices Correct Downward Into 2011
Star:
Baton Rouge Real Estate Minute Comite Hills West Subdivision 2010 Housing Update
Star: