While information about mortgage fraud seems to be everywhere it can still seem unclear as to what exactly mortgage fraud is.The mortgage industry divides mortgage fraud into two categories: fraud for housing and fraud for profit. What can you the consumer do to protect yourself from falling victim to mortgage fraud? What can banks and mortgage lenders do to protect themselves from falling victim to mortgage fraud? Learn more here about mortgage fraud and how to protect yourself.
Taking Personal Responsibility for Your Home Purchase
Much of the mortgage crisis comes back to personal responsibility. In the heat of the moment, buyers rushed out to purchase homes they really couldn't...
Real Estate Minute: Mortgage Fraud Rises 30 Percent
Real Estate Minute with Ilyce Glink Mortgage Fraud Rises 30 percent
Ilyce Glink on WSB Radio – December 27, 2006
Substituting for Clark Howard on December 27, Ilyce Glink discusses mortgage fraud. According to the FBI, organized labor has become involved with mortgage fraud. On today's show, Ilyce talked about how the FBI is prosecuting cases at an average rate of one per day. She also talked about how auto title lending has been growing and took calls on debt, home buying and cleaning up your credit.
Mortgage Lender Fraud
What is the best way to deal with your mortgage lender if you believe they have committed fraud against you? Mortgage lenders suspected of fraud should be reported to your state's attorney general's office and to your state's agency that commissions mortgage lenders. If you want to take the issue to a more public arena, report the fraudulent mortgage lender to the Better Business Bureau.
Concealing Information Leads To Illegal Lending
A real estate investor wants to know if an unusual deal where he is willing to pay more than the asking price is considered illegal lending activity. The buyer is wondering if paying the seller outside of the stated deal with the mortgage company and not informing the lender is illegal. A buyer and a seller can agree to one price in a contract and agree that the seller will credit or pay the buyer money back at settlement. However, some people might suggest this transaction is illegal because you have a lender involved.
Mortgage Fraud
One of the black spots in the decade long housing boom has been the rise in mortgage fraud. There are all kinds of mortgage fraud out there: * Bad a...
Think First, Quit Claim Later
There's research in the newspaper world that shows that consumers look at advertorial sections (which are essentially compiled of press releases from ...
Ilyce Glink on WSB Radio – January 29, 2006
Ilyce starts the show by talking about "good faith estimates" and continues a discussion on mortgage fraud. Ilyce then takes calls on topics from "cleaning up" a credit report to establishing credit.
Ilyce Glink on WSB Radio – January 8, 2006
Ilyce kicks off her first show of 2006 with a discussion of the growing issue of mortgage fraud. Ilyce takes calls on topics from a caller who is dealing with identity theft to a caller who is concerned about possible identity theft.
Real Estate Agent Promises To Find Job For Buyer
Be careful if a real estate agent promises to find you or your spouse a job in order to secure a home sale. If a real estate agent promises to find you a job, makes the sale and the job falls through or never existed, you may want to complain to the National Association of Realtors. A situation like this could lead to mortgage fraud, if inaccurate income is shown on a mortgage application.