Released on = November 5, 2006, 7:58 am

Press Release Author = Perfect Home Living

Industry = Real Estate

Press Release Summary = Utah ranks second in the nation for Mortgage Fraud

Press Release Body = Salt Lake City, Utah / Press Release --While families across
the state and around the world hold vigilance for the recently separated Herrin
twins, even more the world\'s eye remains steadfast on another breaking story
concerning Utah.

On August 15th, media personality and KSL Reporter Shelley Osterloh was first to
report what Perfect Home Living initially warned about in 2005, that Utah is amongst
the Worst in the Nation for Mortgage Fraud.

Although recent reporting of Utah\'s housing market would suggest that Utah is
experiencing phenomenal housing appreciation, the reality is that Utah has steadily
moved into the number two spot in the nation for mortgage fraud according to the
MARI Index.

\"Mortgage fraud is a burgeoning crime that is affecting more companies and
communities. The most recent statistics from the FBI indicate that there was a
seven fold increase in reports of mortgage fraud - from over 3,000 in FY 1999 to
almost 22,000 in FY 2005. The FBI also reports that Federally-regulated
institutions alone reported over one billion dollars in losses due to mortgage fraud
in FY 2005,\" says Jonathan L. Kempner, President and Chief Executive Officer of
Mortgage Asset Research Institute (MARI).

According to MARI\'s Index the top five states for mortgage fraud are: Florida, Utah,
Georgia, Colorado and Illinois.

\"KSL\'s dedication and concern for Utah and her consumers remains unwavering and it
shows by the network\'s courage and commitment to bring such an important issue to
the forefront,\" says Perfect Home Living\'s CEO and Utah Real Estate Broker, Sheri
Fitzpatrick. \"Through the years, KSL Nightly and Evening News has been the first to
report on so many of Utah\'s important issues and Shelley\'s first class reporting has
come through once again,\" 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