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Salt Lake City,
UT / August 25, 2006 / Press Release / -- Last week, Utah's
Mortgage Fraud Task Force met to discuss the state's status as number two in
the nation for mortgage fraud, as well as seek out remedies for a solution that
if left unattended could
potentially cripple a state known for its beauty and easy way of
life. Sheri Fitzpatrick and Michael Blackburn represented Perfect
Home Living at the Task Force meeting and participated in discussions
with Division and Association heads within the real estate industry as
well as meeting with a key political proponent, Utah State Representative
Paul Ray sponsor of Utah's mortgage fraud bill.
One of the many key
highlights of the Task Force Meeting was State Representative Paul Ray's
announcement that the proposed mortgage fraud bill would include
language making real estate fraud crimes committed in the State of Utah
allowable to fall under the RICO Statute. Additionally the
language of the proposed bill would ask for funding of a special
prosecutor exclusive to real estate fraud crimes.
"Utah is in serious
trouble right now and the MARI Index proves it," said Michael Blackburn,
VP-Operations for Perfect Home Living. "The belief that Utah can
continue to remain reactive is out of the question. Utah as a
State, its licensed industry, lawmakers and consumers must take
proactive steps to becoming educated to red flags within Utah's real
estate market," Blackburn added.
During the Task
Force's meeting, leaders from Utah's Division of Real Estate, Perfect
Home Living, Utah's Mortgage Lender's Association, Utah's Mortgage
Banker's Association, Utah Banker's Association, Senior Freddie Mac
Fraud Investigators and Salt Lake City's Federal Bureau of
Investigations shared an ongoing commitment to work together in
providing increased transparency, anticipation, and overall awareness to
Utah's burgeoning real estate fraud problems.
Education was also a
very important topic for discussion during the meeting. All Task
Force members expressed the importance of ensuring access to quality
education, promoting research and development, and facilitating
education mobility for Utah and her consumers.
"Perfect Home Living
has put into play a Utah Fraud Prevention Program which alerts
consumers, licensed industry professionals and investors of Utah's real
estate market with what we like to call Best Practices. We believe the key in going
forward will be the building upon Perfect Home Living's foundation with
shared knowledge from industry executives such as Tee Tyler, Senior VP
Zions Bank, Derek Miller the Director of Utah's Division of Real Estate
and Utah State Representative Paul Ray. Utah is a state of
immeasurable assets and talent, and for Utah to drop from rank of second
in the nation for fraud it's going to take a collective effort of those
assets and talents," Blackburn added.
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 |