Hud Investigating Possible Kickbacks; Agency Reportedly Targeting Title Insurance Company
The Milwaukee Journal Sentinel › March 29, 2005
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Summary
U.S. housing authorities are investigating title insurance practices in Wisconsin that possibly illegally share fees with real estate agents and lenders, industry professionals said Monday.
Some title insurance companies operating here have confirmed interviews with investigators from the U.S. Department of Housing and Urban Development about alleged kickbacks from one of their competitors to real estate agents and lenders. A real estate industry lawyer in Madison also said he knows people who have been questioned in the case.See the full content of this document
Extract
Hud Investigating Possible Kickbacks; Agency Reportedly Targeting Title Insurance Company
The Journal Sentinel isn't naming the company being investigated by HUD because the agency declined to confirm the investigation.
Paying someone in a real estate deal just for steering business in a specific direction is an illegal kickback, under the federal Real Estate ...See the full content of this document
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