mortgage fraud
Mortgage Fraud Cases: Selling House to Yourself
There are many mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose …
Divorce and Refinance Issues: Protect Yourself
Divorce and refinance issues often come hand in hand. Protect yourself from fraud by keeping copies of your mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is …
Mortgage Fraud Cases Get Trickier
MortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose on the home. …
Loan Application and Retirement Plans
Just because you have retirement plans on your mind does not mean you can’t get a loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for …
Short Sale Fraud In The Sale Of Home
Short sale fraud is possible when a seller decides to sell his home with the intent to keep it for himself by using a quitclaim deed. Q: My brother is in foreclosureForeclosure is the legal action taken to extinguish a …
Foreclosure Freeze: Did the Banks Lie on Their Foreclosure Affidavits?
Foreclosure Freeze: Did the Banks Lie on Their Foreclosure Affidavits? Hundreds of thousands of foreclosures are in jeopardy as a national foreclosure freeze takes hold. Today, Attorneys General in 50 states announced a joint investigation into whether the foreclosure robo-signers actually read the underlying foreclosure documents to make sure they were correct – as they swore in their affidavits. Lying on an affidavit is a big deal because filing an affidavit is like taking an oath.
Fraudulent Loan Leads To Bank Seizure Of Short Sale
Countrywide loan fraud led to bank seizure for unsuspecting homeowner. Her loan was deemed fraudulent and the homeowner discovered a bank seizure on her rental home. The property is not in foreclosure but the owner was in the process of selling her rental home in a short sale. Her best option may be to file lawsuit against the lender. Contacting a real estate attorney is the next step.
FBI Releases 2009 Mortgage Fraud Report
The FBI has released a report describing the mortgage fraud crimes of the 2009 fiscal year. The report has notes an increase in mortgage fraud activity and names the regions and states with the most activity. In addition, the report lists the types of crimes included under mortgage fraud and its associated tactics, describing most of them as for-profit endeavors by individuals exploiting the weak real estate market. Also, the report names the types of individuals acting as perpetrators in mortgage fraud as well as the direct and indirect victims of the crimes. Financially, the report describes the FBI’s reactions to the mortgage fraud activity and its outlook on the future of the situation.
FBI Releases 2009 Mortgage Fraud Report
FBI Releases 2009 Mortgage Fraud Report
The FBI has released a report describing the mortgage fraud crimes of the 2009 fiscal year. The report has notes an increase in mortgage fraud activity and names the regions and states with the most activity. In addition, the report lists the types of crimes included under mortgage fraud and its associated tactics, describing most of them as for-profit endeavors by individuals exploiting the weak real estate market. Also, the report names the types of individuals acting as perpetrators in mortgage fraud as well as the direct and indirect victims of the crimes. Financially, the report describes the FBI’s reactions to the mortgage fraud activity and its outlook on the future of the situation.
Mortgage Interest Rate Switch And Fraud Recently Discovered By Borrower
As borrowers keep their loans longer and can’t refinance their mortgage loans, they also find out that the loan they thought they obtained somehow is different years later. For some this fraud is discovered when their interest rate changes and they find out that the promised interest rate is different than the one quoted by the current lender. Make sure you keep copies of your loan documents from the closing or settlement. While it’s too late now, you should make sure the documents you sign at the closing or settlement match the business terms, including the interest rate, and limits on changes, that were promised to you.
