Beware of mortgage fraud:

Shared by Larry on Fri May 16, 2008 5:01 am
FBI officials disclosed that the number of mortgage foreclosure has increased compared to the last year. It is also reported that we might even headed for 70,000 of mortgage fraud reports this year. Even the mortgage fraud investigation has increased 47 percent. The most number of mortgage frauds has occurred in Florida, Georgia, Michigan, California, Illinois, Ohio, Texas, New York, Colorado, and Minnesota. Source: http://money.cnn.com/2008/05/13/real_estate/mortgage_fraud/?postversion=2008051318#TOP

Community Members Opinion

jenkin7

Joined: 04 Jun 2007

Posts: 939

140.77 Dollars($)

Posted: Fri May 16, 2008 5:43 am Post subject:

Oh my God This is incredibly high. Govt should take some steps decrease this number. When shall we get out of this credit crisis?

laphillips

Joined: 10 May 2008

Community Experts
Posts: 134
Location: Yucaipa, CA

33.92 Dollars($)

Posted: Fri May 16, 2008 12:03 pm Post subject: Beware of mortgage fraud:

I've done a series of blog posts (I write 2 different blogs) and articles re foreclosure recovery fraud...it's incredible how many people feel it's alright to take advantage of already bad situations. The mortgage fraud though is what's led to this shocking situation. _________________ Lynnette Phillips Loan Officer/Realtor, Foreclosure Consultant Home Pride Mortgage My Blog: http://helpingufindaway.blogspot.com My website: http://lynnettephillips.com This is not intended as legal advice. I am not an attorney.


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