The Foreclosure Fraud Prevention Act

Normally, we post tips and real estate insider tricks. This time around, we're posting about the most current legal news in real estate foreclosures. An Assembly woman in New York, Helene Weinstein, sponsored The Foreclosure Fraud Prevention Act of 2012. The bill increases penalties for deceitful practices relating to real estate foreclosures in New York. The penalties range from large fines to jail time for people who engage in fraudulent practices. Managers of residential mortgage businesses who know about real estate foreclosures fraud but don't report it will be punished too. Foreclosure is a big concern for home-owners in our