Short Sale Kickbacks

Recently, CNBC aired a report about Short Sale Kickbacks.  The report shares information regarding 2^nd lien holders requesting to be paid outside of escrow and off of the HUD-1 in order to agree to the short sale.  The report discusses how the 2^nd lien holders are upset with the lack of funds received through the short sale and are trying to get additional funds.  The report claims that they are requesting these funds from the buyer or the realtors involved in the transaction.  Not disclosing funds associated with a transaction is a clear violation of RESPA rules and a fraudulent practice.  The report proceeds to say that the 2^nd lien holders claim that this illegal practice is approved by their legal department so they will continue.  The report claims that the banks involved in this practice are some of the major players in the industry.  How can this be possible?  How can a bank be permitted to knowingly commit fraud and operate in a manner that says that the rules do not apply to them?  I continue to be amazed.

Does this attitude of the banks bother anyone else?  To view the CNBC report, click on the link below:

http://www.cnbc.com/id/15840232?video=1386877150&play=1