Mortgage Fraud: Loan Modification and Foreclosure Rescue Scams

Mortgage Fraud

A loan modification may be a restructuring of your mortgage during which you and your investor conform to modify the terms of your loan. Once you request a loan modification, your loaner could defer a number of your payments, amendment your rate of interest, or extend the length of the loan. A modification conjointly could …

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Mortgage Foreclosure Rescue Scams

Mortgage Foreclosure Rescue Scams

Tips for Avoiding Mortgage Foreclosure Rescue Scams Beware of Unethical Mortgage Foreclosure Rescue Operators A fairly new and dangerous threat has arisen for householders UN agency have fallen behind on their mortgage payments and will be in danger of proceeding – expedient firms. They usually see themselves as a “foreclosure advisor” or “mortgage consultant,” and …

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How To Defend Yourself From Mortgage, Loan, Lending and Related Fraud

Loans Fraud,Mortgage Scam

Traditional mortgage fraud includes situations in which homebuyers and/or lenders falsify information to obtain a home loan. Homebuyers should never sign mortgage documents that have incomplete or inaccurate information. Mortgage Rescue and Loan Modification Scams: Many so-called foreclosure rescue companies or foreclosure assistance firms claim they can help struggling homeowners save their home from foreclosure. …

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How Can You Spot Mortgage Fraud

Spot Mortgage Fraud

Each mortgage scam contains some type of misstatement, misrepresentation, or omission relied upon by an underwriter or lender to fund, purchase or insure a loan. Mortgage scam is easily practiced particularly where mortgage industry professionals are involved. The true level of mortgage scam is largely unknown because a significant portion of the mortgage industry is …

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How to Avoid Mortgage Foreclosure Scam

Mortgage Foreclosure Scam

Are you facing problems with mortgage payments? Is your house slipping away from your hands? According to the data from RealtyTrac, more than one million homeowners have faced foreclosure this year, 27% more than this time last year. The following basic tips will help you to avoid mortgage foreclosure scam before it happens: Do not …

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