Released on = November 5, 2006, 7:47 am

Press Release Author = Michael Blackburn

Industry = -- Choose an Industry --

Press Release Summary = When people learn there\'s fraud involved with their home,
they are very angry and upset. Most want out of the deal but it\'s just not that
simple.

Press Release Body = Salt Lake City, UT -- Press Release -- As the political season
takes hold all across the country, voters are finding themselves discussing
everything from the War in Iraq to views on Global Warming.

But for many in America the real question seems to be about Housing. In many
markets the cool down of market growth has afforded home pricing to return to a
state of normalcy and in others like Utah pricing continues to soar far out of reach
for Middle Market America.

Experts agree that places like Utah are ripe for fraud in great part because the
State is only one of a few in the nation that retains its status as Non-Disclosure
when it comes to parties and terms involved in real estate transactions. This
limiting of information greatly distorts the snapshot that home buyers, licensed
real estate professionals and lenders rely upon.

\"When people learn there\'s fraud involved with their home, they are very angry and
upset. Most want out of the deal but it\'s just not that simple,\" says Sheri
Fitzpatrick, Utah Real Estate Broker and CEO of Perfect Home Living, a Non-Profit
Organization committed to the education of consumers, financial institutions and law
enforcement agencies on loopholes used by mortgage and real estate fraud criminals.


\"Once a lender is notified to fraud, protocol mandates that the consumer provide a
written explanation fully describing the purchase and the parties involved. For
those unfortunate enough to find themselves in this situation the days, weeks and
months that follow can be overwhelmingly frustrating,\" Fitzpatrick continued.

But not every one who is a victim of mortgage or real estate fraud is willing to
wait through a lender evaluation or a civil trial. Some have regrettably taken
matters into their own hands as in the case in Chicago in 2004. Thomas Fazy 49, of
Oak Forest Illinois was killed, after being shot multiple times in his Midlothian
Office. Fazy, a manager of a mortgage company at the time of his death had recently
been convicted of mortgage fraud and had five cases still pending against him in
Cook County Illinois.

\"Of his regular methods of defrauding, Fazy would use the identities of deceased
people to buy and sell homes and steal the profits,\" said Cook County Assistant
State\'s Attorney Paul Bervid.

Although Utah ranks second in the nation for Mortgage Fraud, violence or death have
not been directly linked to this growing state-wide epidemic.

\"In the cases we are seeing, families as well as real estate investors are becoming
increasingly agitated at learning they\'ve been duped into a fraudulent real estate
transaction. The wait for a lender, law enforcement or government entity to
investigate or respond to such allegations is slow and although the families we work
with are told this, the solution still doesn\'t fit within the victims timetable,\"
Fitzpatrick added.

About Perfect Home Living

Perfect Home Living assists in implementing programs and providing training to
financial lenders as well as educating Utah\'s consumers and licensed professionals
to red flags within Utah\'s real estate market. For more information or to request
assistance please visit us online at: http://www.PerfectHomeLiving.com



Web Site = http://www.perfecthomeliving.com

Contact Details = Perfect Home Living INC
1905 West 4700 South # 353
Salt Lake City, UT 84118
Email: businessdevelopment@perfecthomeliving.com
Tel: 801.668.3952
Fax: 801.528.3321