Monday, April 30, 2012

Mortgage Scams in the Wake of the Housing Crisis

Ever wonder what the tricks and scams are in the mortgage finance industry? Federal Mortgage Services lays it all out for you in the below article. Don't get caught up in a mortgage scam by being unprepared.

The current real estate market has created an environment where mortgage fraud has proliferated accelerated by technology and an industry that has been overburdened by confusing and contradictory regulations. Add to this the number of new home buyers that are willing to enter into a home loan agreement with little to no knowledge of how the process works or the faintest idea of what's legal and what's not.

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