Mortgage fraud Articles

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What is Mortgage Fraud? Introduction and Definition
Mortgage fraud

What is Mortgage Fraud? Introduction and Definition

Mortgage fraud has become more prevalent over time and is a particular concern during an economic recession. Upheaval in housing markets, homeowners facing foreclosure and unscrupulous persons looking for easy money all contribute to a climate in which mortgage fraud may occur.

Kirk Haverkamp
3 months ago
Why You Should Worry About Mortgage Fraud
Mortgage fraud

Why You Should Worry About Mortgage Fraud

Mortgage fraud has become more prevalent over time and is a particular concern during an economic recession. Upheaval in housing markets, homeowners facing foreclosure and unscrupulous persons looking for easy money all contribute to a climate in which mortgage fraud may occur.

Kirk Haverkamp
3 months ago
Lender Mortgage Frauds: Flipping, Skimming, Straw Buyers & More
Mortgage fraud

Lender Mortgage Frauds: Flipping, Skimming, Straw Buyers & More

Mortgage frauds generally fall into two broad categories - lender frauds and consumer frauds. Lender frauds seek to take advantage of the bank, credit union, mortgage company or other lender that provides the mortgage. This is commonly done by misrepresenting one's eligibility for a mortgage or attempting to illegally extract money from the mortgage/real estate transaction process.

Kirk Haverkamp
3 months ago
Consumer Mortgage Frauds: Foreclosure Rescue, Debt Relief, etc.
Mortgage fraud

Consumer Mortgage Frauds: Foreclosure Rescue, Debt Relief, etc.

The second major category of mortgage frauds targets consumers. Foremost among these are foreclosure rescue and mortgage debt relief scams. These scams seek to take advantage of homeowners who are falling behind on their mortgages or property taxes and are afraid of losing their homes. These scams are of particular concern in a depressed economy when unemployment is rising.

Kirk Haverkamp
3 months ago
Mortgage Fraud Protection & Prevention
Mortgage fraud

Mortgage Fraud Protection & Prevention

Common sense and paying attention to details are the two most effective steps borrowers can take to protect themselves and their families from being victims of, or accomplices to, mortgage fraud.

Kirk Haverkamp
3 months ago
Federal & Government Mortgage Fraud Prevention Agencies
Mortgage fraud

Federal & Government Mortgage Fraud Prevention Agencies

More governmental departments and organizations are investigating cases of mortgage fraud than ever before. While this is a good sign for potential victims, the sheer numbers of fraudulent cases make it difficult for even these agencies to follow-up on every case.

Kirk Haverkamp
3 months ago