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3.0 hours Good Guys/Bad Guys - Who's Who in Mortgage Fraud


Good Guys/Bad Guys - Who's Who in Mortgage Fraud  Course Video Image

Course Syllabus:

Hrs

Requirement

3 Elective Hours

Mortgage loan fraud occurs when false statements are made to qualify for a loan. There are a number of practices contributing to loan fraud. This course will provide real estate professional with an overview of mortgage fraud, a new awareness, what to look for and how it can be prevented.

Instructor: Susan Davis
Author: Susan Davis, CDEI 3021ri
Mandatory Seat Timer: No
Format: Online
Credit Hours: 3
Required Quiz Grade: 0
Exam Required: No

Content Review:
The Table of Contents page within each course will list the lesson titles and the expected time it should take the student to complete.

Availability of Course:
You will have 180 days to complete the course. The State course expiration date will override the account expiration date assigned at the time of purchase. Any expired, unfinished course will be replaced with a current state approved course, and will be available to you until your account expires. The courses can be accessed from any device connected to the internet at any time.

Rhode Island Division of Commercial Licensing and Regulation course approval number: 3021ri

Course Objective

Defining predatory lending

Learning Activity: Video

Consumers targeted for predatory practices / scams

Learning Activity: Video

Fraud techniques

More techniques to defraud the consumer

Well-organized rings working together / Flipping

Flopping

Bankruptcy Provision

Silent second / straw buyers / shell corporations

More schemes to defraud

Attorneys and Appraisers working together to defraud

Learning Activity: Video

Case Studies

Red Flags and Awareness

Predatory “Rescue” Scams / Short Sales and Foreclosure

Options to avoid foreclosure

Counseling services / Short sale

Avoiding Concealment of Facts