Specialist · MA · Member since 2009 · 858 posts · 306 votes
16y
I think they need to define what a "vastly" higher amount is. Is $30,000 to high? $50,000? What is a VASTLY higher amount? Even with a sale of $30,000 difference or even $75,000 there could be substantial costs that obviously deduct from the gross amount. We all know if a luxury property is resold a $100,000 amount may be a drop in the bucket. What if the second buyer is a cash buyer?
If their detection process is so good and "reviews of sales terms for violations" then I suspect they can catch ACTUAL FRAUD before it's committed. It would have been great if they could also define what "violations" would be cause for alert.