Protecting Yourself From Mortgage Fraud
Pass this along to anyone you know that may be struggling with their mortgage payments. It is important that home owners are aware of those people out there who would like to take advantage of them!
Protecting Yourself From Mortgage Fraud
According to the FBI, mortgage fraud is still on the rise. Even with lenders tightening underwriting guidelines and new laws that have been put in place to protect consumers, mortgage scams are up by 20%. And listen to this...Mortgage frauds are now estimated to cost between $4 - 6 billion annually!
These frauds have different "faces" and today's most common types of mortgage fraud are the ones targeting home owners that are behind their mortgage payments.
Here's a 3 minute interview from the Today Show that will help you identify and avoid common frauds.
As far as your mortgage paperwork, make sure you always read the documents and understand what they mean. If you don't understand and have any questions at all, make sure to ask until you get true clarification and feel comfortable signing it.
If you're buying a home in Sacramento or in any of the greater Sacramento area and need a Sacramento mortgage, please contact me. I'd love to help you.
Maria Marriott | Mortgage Advisor | CA DRE License#01372198 | NMLS# 243621
FREE HELP 4 CA REAL ESTATE AGENTS
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