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July 25, 2006
Mortgage Fraud on the
The overheated real estate market in the last couple of years created the prefect environment for mortgage fraud. I believe in the next eighteen months this issue will surpass foreclosures as the largest remnant of the real estate bubble. Identifying loan fraud is easy. Look for inflated appraisals, mortgage interest rates puffed based on biased credit scores, and inflated closing costs to the buyer. Remember, making a false statement to a mortgage lender is a crime. Run don't walk when someone asks you to do something that doesn't seem legit. It's not worth risking everything to purchase a home. Here are some quick tips to determine if mortgage fraud is going on in the purchase of your
Posted by John at July 25, 2006 05:55 PM
