Mortgage Loan Scam Alert!

At Benchmark Mortgage are dedicated to not only servicing our clients and getting them the best mortgage to fit their needs but to protect them also. With all the recent changes in the mortgage industry and the closing of over a hundred lenders we thought you should be made aware of this.

We have been made aware that an old scam is resurfacing because of the current mortgage environment.  Please pass this information on to all of your friends, neighbors and family members that have mortgages on their homes.

The scam works in this way:  A third party comes along claiming to be the new servicer of your mortgage loan.  They then begin collecting your monthly payments and will continue until they are caught!  Although mortgage notes are sold to different servicers, sometimes more than once, this scam could go unnoticed and cause a lot of damage and possibly loss. 

The way to get around this scam:  By law, when a servicer sells your mortgage, both the old loan servicer and the new loan servicer must send you a letter in writing.  If you get a notice, call your current lender and ask them if they sold the loan.  Make sure that you use your account number from your current lender and not from the new paperwork.  If you send your payment without checking, you may be out a large sum of money, late payments on your mortgage and/or a damaged credit rating!

If you have any questions and/or comments, please feel free to contact us at any time. 

Leo Namiot

Benchmark Mortgage Connecticut

 http://www.benchmarkct.com/

 

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This post has been included in Connecticut Information

7 Comments on Mortgage Scam Alert - Beware

OCT
29
2007
275,455 Points 3 Featured Posts Localism Sponsor Outside Blog
Leo, I tell all my new buyers at settlement, never to send their payments to a new servicer without first getting confirmation from their present servicer that the change is legitimate.
8:30pm • #1
486,962 Points 84 Featured Posts Localism Sponsor Outside Blog Hit Router
There seems to be a new angle to an old scam every day.  I guess we need tougher sentences and more jail cells.
8:31pm • #2
Thanks for the heads up.. It's always good to know what tricks the thieves are using.
8:34pm • #3
237,452 Points 9 Featured Posts Localism Sponsor Outside Blog Hit Router
Good post     - Like these people need more scams to add to their trauma        - thanks for sharing...
8:39pm • #4
Thanks for the post it amazes me if people spent less time thinking of a scam and more time working the world would be a better place. Everyone is looking for that get rich quick fix Not happening
8:44pm • #5

Good post.   Never thought people would try this.   Thanks for the post and good to see you also posted to Localism.  

9:09pm • #6
132,068 Points 2 Featured Posts Outside Blog
It is amazing all the scam that people think of to hurt innocent people.....
9:43pm • #7

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