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PRESS RELEASE


REALTOR Says He Can Spot Fraud With 30-Second File Review

Ralph Roberts has notified FBI of several cases


WARREN, Mich., Oct. 25 -- Quick, big profits hidden in complex transactions have made real estate fraud the crime of our time. Real estate fraud has grown to more than $1 billion annually, according to the FBI. Ralph Roberts, the nationally known REALTOR®, author and owner of Ralph Roberts Realty, LLC, has seen too many attempts at real estate fraud and has taken an aggressive stance against it. Working with the FBI, County Prosecutor's offices, state legislators and various law enforcement agencies, Ralph sees real estate fraud as a disease that hurts communities and individuals, calling it a national cancer that must be cured.

"It takes me 30 seconds to review a file and spot the fraud, and I have hundreds of them in my real estate fraud war room right now," said Roberts, who has handed several cases over to the FBI during the past few years. "I was trying to explain to one of the alleged suspects that what he was doing was illegal and warned him that he could end up in jail. He was probably laughing at me while trying to con me into doing what I knew was wrong." The same individual was one of 20 people indicted on charges of mortgage fraud in Detroit on October 19.

Real estate fraud is not a victimless crime. Inflated housing values do serious harm to communities in many ways, including affecting neighborhood tax bases and increasing the number of vacant homes in a community. Individual victims can lose their homes, ruin their credit scores and ability to secure any kind of financing, and end up in jail.

SOURCE: Ralph Roberts Realty, LLC


 
Patrick Crowley is fraud journalist for MortgageDaily.com and a reporter and columnist for The Cincinnati Enquirer.

Email Patrick at: PatCrowley@FraudBlogger.com
 
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