Mortgages

I get the feeling that banks are starting to look into their existing customers and appraisers a little bit more. I just completed a BPO (that's Broker Price Opinion) for a lender on a property that has not had any foreclosure orders filed on it, yet. Being the curious type I investigated. It looks like there are some hijinx involved with multiple mortgages and a sale price way above a reasonable market price. Leading one to beleive that the lender is on to them and formulating a plan.

I am hoping that banks look into these activities and press charges against those involved. These people have dessimated neighborhoods and have intensified the bubble bursting in these certain neighborhoods. There is enough blame to go around on the mortgage crisis and I hope those that were abusing the system are punished and others will be deterred from doing it in the future.