Top 10 Red Flags of a Mortgage Scam
It seem inevitable. During economically challenging times, all types of fraud increase. People who are at the brink of losing their homes grasp at straws and want to hear that people out there have miracle means of saving their homes from foreclosure. The fraudsters claim they have knowledge of ”secret laws” or legal loop holes which will invalidate their mortgages or otherwise prevent the lenders from being able to foreclose, etc……
The FBI tracked mortgage fraud for the past decade and revealed that 91% of all Mortgage Fraud in the past decade took place between 2007 – 2010.
If someone asks you to engage in any of these activities, you want to run the opposite way. Protect yourself by arming yourself with knowledge.
