Aimed at Title, Insurance and Mortgage Industries as well Local, State and Federal Law Enforcement Agencies seeking proactive solutions to Mortgage and Real Estate Fraud.    

Salt Lake City UT, Nov. 25 2005 /Press Release/ -- Are you looking for the definitive guide to combat money laundering programs for persons involved in real estate closings and settlements? Well look no further – Perfect Home Living has the answer. 

Perfect Home Living has developed a “link-chain” accountability process for reviewing principal documents involved in real estate closings.  From law enforcement agencies, financial institutions regulated by the FDIC and OTS and Land Title Professionals, Perfect Home Living’s “link-chain” database is able to assist with the identification and prosecution of criminals involved in mortgage and real estate fraud.  

“White Collar criminals are sophisticated in their operations, often using multiple third-parties to mask operations.  Knowing what to look for affords Perfect Home Living the advantage of following the money trail from ground zero, information that is critical for a successful prosecution,” says Sheri Fitzpatrick, CEO of Perfect Home Living.  

As the U.S. housing market continues record highs, fraud within the real estate industry is rising from coast to coast according to mortgage industry researchers and federal law enforcement agencies. 

Lenders last year reported 17,000 suspected incidents of mortgage fraud to the FBI, while the IRS criminal investigations have more than doubled from 2001 to 2004. The increased reliance by financial institutions and third party brokers have created opportunity for individuals and organized fraud rings, particularly where industry insiders are involved.    

The Mortgage Banker’s Association projects $2.5 trillion in mortgage loans will be made during 2005.  It is the estimate of Perfect Home Living that fraud within the real estate industry will for the first time exceed $100 billion.  The driving force behind such astronomical highs is that a significant portion of the mortgage industry is void of any mandatory fraud reporting, thus allowing white collar criminals to operate within the mortgage industry undetected.    

“Having been recruited by a mortgage fraud ring operating in Utah and several surrounding states, I have witnessed first hand the willful destruction and chaos that white collar criminals create.  In time I became the student of the criminal mind which afforded me the opportunity to establish Perfect Home Living to stop the criminals and witness their successful prosecution.   Perfect Home Living provides the ‘link-chain’ accountability while providing transparency into the real estate market,” added Sheri.

About Perfect Home Living 

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