The Blue Crown Capital Management Specialists: Ten worst states for mortgage fraud

11 year бұрын • updated by 11 year бұрын • 1

10. New York

MFI: 98

2010 population: 19,378,102

Percentage of homeowners: 54.5

New York also ranked No. 4 on the 2012 Collusion Indicator Index. (The CII is based on factors, including cohabitation and shared assets, that make collusion possible or likely. The factors are particularly relevant when a property has been transferred at a loss.)

9. Georgia

MFI: 106

2010 population: 9,687,653

Percentage of homeowners: 67.1

The state's MFI fell 27 percent between 2011 and 2012. Georgia also ranked No. 9 of the 10 states with the largest percentages of properties in default, at 2.94 percent, though that was down from 4.32 percent in 2011.

8. Michigan

MFI: 110

2010 population: 9,883,640

Percentage of homeowners: 74.5

Michigan posted a significant drop—just over 40 percent—in MFI between 2011 and 2012.

7. California

MFI: 116

2010 population: 37,253,956

Percentage of homeowners: 56.1

Two of the metro areas with the highest number of mortgage fraud suspicious activity reports were in the Golden State: San Francisco-Oakland-Fremont, at 12.1 percent, and Los Angeles-Long Beach-Santa Ana, at 6.4 percent.

6. New Jersey

MFI: 120

2010 population: 8,791,894

Percentage of homeowners: 66.5

New Jersey is the only state making the Worst 10 on all three NexisLexis mortgage fraud indexes: It also ranks No. 7 on the CII for properties with a sale price decrease of 50 percent to 95 percent, and it's No. 6 on the default index.

5. Illinois

MFI: 150

2010 population: 12,830,632

Percentage of homeowners: 68.8

The state also had the second-largest percentage of mortgage defaults last year.

4. Delaware

MFI: 165

2010 population: 897,934

Percentage of homeowners: 74.7

This is the state's first appearance on this Worst 10 list. It also ranks high on the CII.

3. Arizona

MFI: 174

2010 population: 6,392,017

Percentage of homeowners: 66.6

The state was also third on in 2011; it ranked No. 2 in 2010.

2. Nevada

MFI: 280

2010 population: 2,700,551

Percentage of homeowners: 59.7

Nevada was also No. 4 last year among the 10 states with the largest percentage of properties in default, though the number decreased dramatically—to 4.13 percent from a high of 14.94 percent in 2009.

1. Florida

MFI: 805

2010 population: 18,801,310

Percentage of homeowners: 69.3

With its long history of real estate fraud, Florida has ranked No. 1 for mortgage fraud investigations for five years. It's also first for properties in default. Still, defaults fell to 5.42 percent last year from a high of 13.42 percent in 2009.

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11 year бұрын

I'm trying to understand why people get into situations they know they can afford? So situations are unexpected, such as losing a job, but others are people who just want everything and don't care how they get it. I know that sounds pretty harsh, and I'm not trying to be mean, but if people only bought what they could afford and didn't lie about things, life would be better. That's probably too much to ask for though.
-Seamus | http://www.speedyglass.com/locator/arizona/tucson1.html#

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