Mortgaage Fraud
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Mortgaage Fraud
September 27, 2007
Are you a victim of predatory lending?
Many people contact us saying that they have been taken advantage of during the closing process of the loan. Here is some information on predatory lending that you should watch out for and some things you can do if you feel that you have been wronged.
April 13, 2007
Bailouts of the Foreclosures, will that fix the problem?
Is a bailout the answer??? For the short term then probably yes... for the long term, I am not sure this is anyway to correct the problem. It is too easy to throw money at a problem and hope it will go away. What we really need to look at is why so many people are in foreclosure.
March 16, 2007
Scrambling to make changes to lending practices
This article provides insight to how the Mortgage Companies are scrambling to make changes to lending practices. The combination of rising interest rates on Adjustable Rate Mortgages (ARM) and falling home values make it equally difficult for the home owner and their Lender.
February 25, 2007
Real estate mortgage fraud... someone finally got caught
This is what we like to see… people being punished for victimizing homeowners that are in foreclosure. We are contacted daily with people that tell us they were promised a refinance and were told not to make the mortgage payment.
February 20, 2007
Mortgage fraud is becoming an epidemic
Why would a lender provider mortgage to someone who can't afford it? Because the lender gets paid up front and in some cases the original lender will sell the loan outright to another mortgage company for an additional fee.