At Perfect Home Living, we do not arrogate ourselves to be the end all when it comes to mortgage and real estate fraud. But our assessment of loopholes used by criminals and enterprises is second to none.

And why is that?

Because Perfect Home Living is Headquartered in Utah, a state that according to the MARI Index, ranks number one in the nation for mortgage fraud. 

So we see a lot, hear a lot and through research know a lot about current fraud trends used not only in Utah but across the country.  

As we move forward Perfect Home Living aims to educate consumers, share knowledge with law enforcement and fraud investigators while data basing the names of licensed and unlicensed real estate professionals and investors that have been found guilty of mortgage and real estate fraud related crimes throughout the United States.

Perfect Home Living's Database will be the first response for tracking criminal activity of persons and business entities convicted or under indictment of mortgage and real estate fraud in states across the nation.     

Here are some Red Flags to watch for involving Mortgage and Real Estate Fraud:

1. Applications - (collusion with loan officer to fraudulently increase income on mortgage application).

2.  Tax and Financial Statements - (Desktop publishing crimes whereby persons or individuals recreate financial documents necessary for loan approval.  Numerous companies now claim to be able to provide IRS documents in 24 hours or less.  According to the IRS it takes 7 to 10 business days for the requestor to obtain such information which can only come via snail mail.)

3. Verification of Employment - (Persons can rely upon desktop publishing to create official letter head from legitimate businesses.)

4.  Verifications of Deposits - (Individuals or mortgage fraud enterprises pool monies from multiple persons, typically investment groups, to place into an account to show large sums of monies that would justify a borrower's ability to qualify for a high value mortgage loan. 

5. Appraisal Fraud - (This type of fraud involves the purchasing of multiple homes in the same neighborhood for the purpose of controlling market value and creating false appreciation values at the time of resale.)