Released on = January 8, 2006, 8:56 pm

Press Release Author = Perfect Home Living

Industry = Consumer Services

Press Release Summary = After review of your loan application, your loan officer
tells you that you don't make enough money to qualify for the loan that would get
you the home of your dreams. Suddenly an IDEA emerges.

Press Release Body = West Valley City, UT /Press Release / -- Consider the scenario
that you are a young married couple seeking a bigger space to live. Everywhere you
look there is housing but housing that comes with a lot of problems.

New fixtures are need, kitchens with outdated wiring and electrical, windows that
buckle at every hint of a blowing outside wind.

After having spent numerous hours on the road, you and your family turn your efforts
to the web. You start looking for that dream home in a good neighborhood, with good
schools and great community lifestyle.

After a few days of searching you get an email in your box from one of the hundreds
of websites you've recently been to that promised great rates and a greater loan
amount than anyone else.

The promise is too tempting to pass over. Without hesitation you make the
appointment and by this time tomorrow you're sitting at the loan officer's desk
filling out the paperwork.

After review of your loan application, your loan officer tells you that you don't
make enough money to qualify for the loan that would get you the home of your
dreams. After a few minutes of quick conversation something is floated across the
table.

An IDEA.

Create your own W-2 or 1099 from the comfort of your computer to increase your
income.

"What's the worse that can happen - your loan is caught by the underwriter and the
loan is denied. C'mon everybody's doing it."

The IDEA may be scoffed at, at first. But after the fifteenth or twentieth time of
finding yourself rejected and unable to qualify for the home loan amount you need,
the IDEA returns like a thief in the night.

But let\'s consider the option of creating your own qualifying document.

For starters, creating a forged document that is originated by the IRS is a felony
and falls under U.S. Code Title 18.

Creating a document that boosts your income bracket so that you can obtain a home
loan is definitely mortgage fraud.

By doing either a person can be charged with a plethora of criminal charges most of
which will be federal charges such as mail or wire fraud to mention a few.

Mortgage lenders who learn of fraudulent activity routinely call the mortgage note
due in full typically given the borrower less than 45 days to make full restitution.


"We often see people that come to us in these type scenarios that say things like
we'll I didn't know or I was a victim and it's not true," said Michael Blackburn,
Operations Director of Perfect Home Living.

"People who make the conscience decision to alter or fake documents to get their
loan approved are no longer perceived as the victim but rather a conspirator, and
suddenly you're no more innocent than the one stop shops that put your deal
together," he added.

In 2005 the FBI provided the following statistics when it came to its efforts to
combat mortgage fraud:

For fiscal year 2005, the following stats are:

- 21,994 SARs were filed (up from 17,127 in Fiscal Year 2004).
- 721 pending FBI Mortgage Fraud cases (up from 534 in Fiscal Year 2004).
- 1,020 pending HUD-OIG Mortgage Fraud cases (up from 920 in Fiscal Year 2004).
- 206 FBI indictments/informations (down from 241 in Fiscal Year 2004).
- 170 FBI convictions (consistent with 172 convictions in Fiscal Year 2004)
- $1,014,000,000 (FBI) reported loss (up from $429,000,000 in Fiscal Year 2004).

If you are a victim of mortgage fraud Perfect Home Living would like to hear from
you, email us: fraudprevention@PerfectHomeLiving.com

About Perfect Home Living

Perfect Home Living assists in implementing programs and providing training to
financial institutions regulated by the FDIC and state and federal crime task force
units that address mortgage fraud related crimes. Additionally, Perfect Home Living
is fastly becoming a leader within the real estate industry for connecting families
facing foreclosure with Perfect Home Living's national referral network of secured
licensed real estate industry professionals. Perfect Home Living's referral network
members are deemed credible to provide testimony in courts of law throughout the
United States. For more information or to request assistance from Perfect Home
Living please visit us online at: http://www.PerfectHomeLiving.com


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

Contact Details = Perfect Home Living
Tel: 801.668.3952
Fax: 801.528.3321
Email: Media@PerfectHomeLiving.com