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Home Mortgage fraud activities

Mortgage fraud activities

Activities indicating mortgage fraud include:

  • Inflated appraisals
  • Higher than customary commissions
  • Falsification of loan applications
  • Fake supporting loan documentation
  • Purchase loans disguised as refinance
To keep from becoming a victim of mortgage fraud, consumers should do the following:
  • Get referrals for real estate and mortgage professionals.
  • Be suspicious, if it sounds too good to be true, it probably is.
  • Be wary of strangers and unsolicited contracts and high pressure sales techniques.
Posted Saturday Jan 14