Thursday, 18 July 2013

Every one must know about mortgage fraud and Home loans scam

Every one must know about mortgage fraud and Home loans scam

Dave lindahl explains that mortgage loan scams can generally be separated into two wide categories:scams for property and scams for benefit.



Scams for residence usually includes content misunderstanding or omission of information with the purpose to misinform or misinform a loan provider into increasing credit that would likely not be provided if the true information were known, and is usually dedicated by real estate customers trying to purchase houses for their personal use.
Common scams for property techniques include:
property frauds
occupancy fraud
employment and income fraud
debt elimination fraud
identity theft
fraud for profit is motivated by money, committed with the complicity of industry insiders such as lenders, property providers, property appraisers, and settlement providers

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