SaveTweetThe puncturing of the housing bubble a few years ago and resulting economic downturn means that many more people are tempted to commit mortgage fraud in order to buy a home.
Law enforcement agencies, therefore, are investigating mortgage fraud much more vigorously than ever before. Another side of mortgage fraud is foreclosure rescue scams.
Browse the guides below for tips and guidelines on how to avoid unintentionally committing mortgage fraud, as well as what to do if you are being investigated, and how to avoid being the victim of a foreclosure rescue scam.
Given the recent failures of some of America’s largest financial institutions, it is possible that we may see an increase in the number of mortgage fraud investigations initiated by... more
Is Your Mortgage a Purchase Money Mortgage or a Refinance ?.
A purchase money mortgage means a loan that was made specifically so that you could buy the house. These normally "close" at the same... more
Pay us $1,000 now, and well save your home.Fees that are thousands of dollars and are to be paid up front or in partial payments are a sign of potential fraud. Companies cannot collect fees until you... more
Do Not Lie.
Do not lie on a mortgage application. Answer all of the questions truthfully. If your mortgage broker tells you that "everybody stretches the truth on mortgage applications," do not... more