According to a leading national expert, Jerry Rutledge, DREI, of Dallas, Texas, here are the top 10 mortgage fraud states in order from highest to lowest for 2005.

“”"” 1. California

“”"” 2. Nevada

“”"” 3. Utah

“”"” 4. Arizona

“”"” 5. Colorado

“”"” 6. Missouri

“”"” 7. Illinois

“”"” 8. Maryland

“”"” 9. Georgia

“”"” 10. Florida

“”"” What’s more impressive is Jerry’s research showing the "CONSEQUENCES OF MORTGAGE FRAUD SCHEMES!!!

156 mortgage fraud subjects indicted from July 5, 2005 - October 27, 2005.

81 arrests, 89 convictions, 60 sentences !!!!

Jerry goes on to say that the common fraud schemes are in these 7 areas:

1. Backward Applications

2. Air Loans

3. Silent Seconds

4. Equity Skimming

5.Nominee Loans

6. Property Flips, and,

7. Foreclosure Schemes.

For more on this topic and to hear Jerry Rutledge, DREI, live, come to the REEA Annual Conference in Las Vegas, June 11-14, 2006.”? Stefan Swanepoel is the Key Note Speaker and Jerry Rutledge, DREI, will be presenting more about Mortgage Fraud, as well.”? These two, well-known experts will make the conference worth your while!”? See you there, at the top!