Avoiding Mortgage Modification Fraud

By
Managing Real Estate Broker with Coldwell Banker Residential Brokerage

I wanted to give you a heads up on something I think every single homeowner should be aware of. The FBI and U.S. Attorney General Eric Holder have reported a 400 percent increase in mortgage fraud cases from five years ago. Seems to be that with more homeowners unable to make mortgage payments, there are more and more predators trying to exploit these people. I don't want to be unnecessarily alarmist. But this is a threat that you or anyone you know should be aware of when going through a real estate transaction. It's not the nicest thing to think about, but essential nonetheless. For anyone you know who is considering a relocation, mortgage modification, short sale or any other transaction, I put together a free report available on my website that explains what kinds of fraud schemes the FBI has seen, as well as the "red flags" to look out for. You can download it here: http://www.nicolehelps.com/

CDPE

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Topic:
Lending / Financial
Location:
Connecticut Fairfield County Stamford
Tags:
stamford short sales
loan modification stamford
stamford short sale agent
nicolehelps
avoid foreclosure
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Rainmaker
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Eric J
Eric J - Dream Home Financing - Freehold, NJ
Dream Home Financing

Hey Nicole, it is true...many people are getting scammed. I think a lot has to do with their willingness to believe anything if it can help them plus some stupidity mixed in. People are ruining their credit intentionally just so they have a shot at a mortgage modification.

Mar 15, 2010 12:52 PM #1
Rainmaker
47,676
Nicole Borsey
Coldwell Banker Residential Brokerage - Stamford, CT
CDPE | Stamford CT Real Estate

:)

Mar 18, 2010 12:40 AM #2
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Rainmaker
47,676

Nicole Borsey

CDPE | Stamford CT Real Estate
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