Greed Sucks - the life out of you! p. 2

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The buyer gets the cash, the Realtor gets the commission, the seller gets the real-cash-value, the title company gets the business, the IRS gets mad, the FBI walks in, Jill Lehn gets a felony on her record and can't work in the real estate industry at all or vote.

Where does the greed stop?

"It's the convoluted world of mortgage fraud, a crime in which it's sometimes hard to disentangle victim from criminal, and crime from business as usual," according to Carol Lloyd, who calls mortgage fraud "an epidemic in a nation of frenzied home buyers."

"A lot of these practices are taught at the get-quick-rich seminars that explicitly teach you how to find straw buyers," says Rachel Dollar, a Santa Rosa attorney (ibid.).

This is not the same as being misled by a lender who makes it sound like you'll pay only 6% for your home loan, a mortgage broker who isn't explicit that it will be 6% per year for 30 years, totaling 115%!