Short Sale Fraud: Quick Way To Big Profits?

Syndicated columnist Kenneth R. Harney writes:

• Are banks and distressed home sellers getting rooked on a massive scale in the booming short-sale arena — leaving hundreds of millions of dollars on the table for white-collar criminals?
• A comprehensive new study estimates they will lose more than $375 million this year alone when they sell undervalued houses to tag teams consisting of real-estate agents and investors. Worse yet, the trend appears to be growing at the rate of 25 percent a year.

For more, see Quick profits, a 'short' way to fraud.