Monday, December 11, 2017

Mortgage Fraud is Rampant in China





This one didn't surprise us, but it is interesting.  One reporter said, "the fraud is so rampant, it's mind-bending".

  • China home prices tripled from 2000 to 2015
  • In 2016 prices rose 12.4%
  • Some estimates say house prices have doubled in major cities in the past two years
  • A veteran property agent said 50% of his sales featured clients committing some kind of fraud
    China's current real estate environment sounds familiar.  Experts agree that regulators are preparing to spring into action.  CLICK HERE for the article. 
The Easterbrook Team
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