Florida has the unfortunate distinction of reporting the most amount mortgage fraud cases than any other state in the nation. In fact, Miami is number four on the list of major United States cities that are most affected, resulting in more than $50 million in losses for Miami-Dade County in 2007 alone.

Put simply, mortgage fraud is a major “pervasive” problem that affects homeowners, lenders and everyone in between. In fact, it also artificially inflates home values and increases taxes, as well as hurts property values.

From Miami-Dade County Mayor Carlos Alvarez:

“… when banks begin to foreclose on fraudulent mortgages and sell these properties far below their original value, the County’s tax base lowers. This may affect the level of services we are able to offer.”

To reduce the prevalence of mortgage fraud schemers Miami-Dade County took a proactive approach, creating a Mortgage Fraud Task Force.

The Task Force includes members from all segments of government and civil services, from the county police Department all the way up to the U.S. Attorney’s Office. This weekend the Mortgage Fraud Task Force was responsible for apprehending 11 people who are suspected of being involved with illegal mortgage fraud activity.

Combine that with recent news that that it is now easier to crack down on mortgage fraud (all parties involved in Mortgage Fraud subject to prosecution as of October 1, 2007) and the State of Florida is well on its way to addressing a major issue that in some way shape or form affects state residents.

And it’s not just those in Florida, either.

Contact the Miami-Dade County Economic Crime Bureau at (305) 994-1000 for more information on the task force or mortgage fraud in Florida.

Foreclosure.com REO Director, Glen Daniels, was recently featured on the CNBC program, “Street Signs with Erin Burnett,” to discuss the national foreclosure situation and the fantastic real estate investment opportunities that are now available.

To watch the video segment click here.

When we made the initial announcement that Glen would appear on CNBC we also passed along information that he would be sharing his wealth of investment tips and strategies during an upcoming Foreclosure.com LIVE online Webinar presentation, “How to Rehab for Profit,” on Tuesday, October 30, 2007, at 4 p.m. ET.

To register for this information-packed real estate training session CLICK HERE. Remember that spaces are limited so act fast.

In addition, if you want to get a head start searching for great deals (homes 30 to 50 percent less than market value) that Foreclosure.com offers a FREE 7-Day Trial to its nationwide database of more than 1.2 million distressed real estate listings.

No strings attached!

“We had an artificial economy. There was all this wealth created in real estate, and it wasn’t really created.”

– Foreclosure.com President and CEO Brad Geisen recently shared his insight with the Associated Press regarding the reasons for the slumping housing market. To read the entire article click here.

The “Dear Abby of Real Estate,” Bob Bruss, recently passed away at the age of 67 after battling cancer.

He was widely considered among the most well-known, knowledgeable and respected real estate writers/minds in a crowded industry.

Bruss — who was also a lawyer, author and investment expert — was most recently featured as an Inman News columnist. In fact, many of his articles appeared in the Foreclosure articles section.

Whether it was how to properly stage a house for sale or how to find a reliable home inspector, Bruss touched on wide-ranging real estate issues throughout his illustrious career. In the process he no doubt helped countless homeowners (future and existing), as well as investors, achieve the American Dream of owning real estate.

To read one of the last real estate columns that he penned click here.

Foreclosure.com inhouse real estate investment pro, Glen Daniels, has been asked to appear on the popular CNBC program called “Street Signs with Erin Burnett” today (October 5) at 2:30 p.m. ET.

Glen — who has more than 20 years of real estate experience — has been asked to provide his expert commentary in a segment dubbed, “Investing in Foreclosures.” That’s because right now there is no better time than now to get in on the distressed real estate market.

Put simply, home and REO prices are falling dramatically. And Glen is going to tell a massive national audience all about how to capitalize on it.

CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada.

Check local listings to for the CNBC channel line up in your area. To view the complete segment with Glen right now click here.

Can’t catch the discussion with Foreclosure.com REO Director Glen Daniels on CNBC? There’s good news: He’ll be the featured presenter in an upcoming online real estate training session — “How to Rehab for Profit” — on Tuesday, October 30, 2007, at 4 p.m. ET.

To register for this information-packed Webinar CLICK HERE.