Salt Lake City, UT / February 10, 2007 / Press Release / --  It was like any other transaction expected of a consumer and licensed real estate professional.  The consumer naive to the process relies upon the licensed real estate professional for advice, guidance and overall success during the home buying process. 

But what happens when the consumer learns that the person they are dealing with is not licensed?  Or even worse not even registered with the Department of Commerce? 

To make matters worse traditional home buyers and novice real estate investors are being duped into purchasing real estate by unqualified, unregistered and nonlicensed individuals claiming to be licensed to conduct the important business of guiding consumers and novice real estate investors on a safe no risk path to home buying.    

What materializes for consumers and novice real estate investors is anything but safe and usually carries a burden of extremely high risk.  Although the story is becoming more mainstream to industry professionals  and non-profits like Perfect Home Living, its consumers and real estate investors that are just starting to catch a glimpse of housing's dirty little secrets: mortgage fraud, real estate fraud and predatory lending. 

"It's hard when traditional buyers and novice real estate investors learn that  the person that they have been dealing with is operating illegally or because of the transaction that the buyer has gotten involved with is now causing the family to lose everything because the loan terms were predatory or the home's value had been previously inflated through straw buyers," says Sheri Fitzpatrick, CEO of Perfect Home Living. 

"The important thing now is that consumers are becoming more aware of the problem thanks in great part to professional and ethical journalists and media outlets like KUTV Channel 2 CBS and Bill Gephardt, " Fitzpatrick continued.

In Bill Gephardt's expose, a novice real estate investor and home owner, Terry Dipoma was steered into purchasing a Park City, Utah condo with an alleged value of $500,000 using only Terry's current annual income of $35,000 from his job.   The persons responsible for putting Terry and his family in harms way - Dan and Tina Rebello a husband and wife team from Park City, UT operating under the business name of "Mountain Financial Corp." 

To watch more of Bill Gephardt from CBS KUTV Channel 2 's investigative story into exposing Mountain Financial Corp and the husband and wife team of Dan and Tina Rebello please click here. 

If you have been a victim or know of someone that has been a victim of real estate fraud or predatory lending please contact us at 801.502.2508.

About Perfect Home Living 

Perfect Home Living is a nationally recognized leader that assists in implementing programs and providing training to financial lenders as well as educating consumers and licensed professionals to red flags within today's  real estate market.   For more information or to request assistance please visit us online at:  http://www.PerfectHomeLiving.com