CNBC story on banks demanding secret payments not disclosed on closing documents in order to approve short sales. This story was uncovered by 1-800-CashOffer as a result of a recorded phone conversation between a real estate agent and bank employee, where the employee says they will approve the short sale if the agent "makes a payment not disclosed on the HUD statement".
Read more at http://www.jeremybrandt.com/media/cnbc-short-sales-bank-fraud/
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