Mortgage Fraud

As markets shift, scams emerge. Mortgage fraud hurts everyone.Foreclosures, interest rates, home values are all affected by this deceit.

San Diego

Comments

[Holden E]

It is food to know that getting cash from Personal Money Store is worthy in spite of all those scams that has been around lately. People who take out payday loans know exactly what they are getting and how much it will cost. But in 2008, some people seeking to lower mortgage payments, reconfigure loans or just get their stimulus checks were victimized by con artists. I found some articles talking about scams that hit consumers in the past year and read up on them in hopes that 2009 won’t be such a lucrative year for con artists. Some tips I learned: the IRS will never contact you by phone, mortgage counselors don’t charge fees upfront and I need to keep an eye on my Internet bill next year.

[san diego real estate]

Mortgage fraud is a type of real estate fraud that most often hurts the financial institutions that lend money for purchasing property. The most common form of mortgage fraud involves fraudsters acquiring property and then artificially increasing the property’s value through a series of sales and resales between the fraudster and someone in cooperation with them..