Beware of Mortgage Scams,Loan Offer Frauds
Certainly false real loan application can result mortgage fraud. Sometimes this type of crime pattern also refers to producing false information or representing incorrect information on mortgage loan application .
They are also referred as money laundering ,wire fraud and even mail fraud . Some of the examples where they crop up as result of identity theft income fraud ,employment fraud,fraud for property,Fraud for profit . Same way people are unaware of the actual do’s and dont’s which constitutes mortgage scams.
What you should do ?
1.Always provide correct /true/ facts,regarding your every financial Information.
2.Never Display your false confidential information like social security number,credit details,there fore to obtain loan.
3.Avoid closing a loan that you know has false or misleading information including appraisals.
4.Always have written approvals and authorisation before you proceed.
5.Never pay in addition for closing loan.
6.Directly try to deal with seller of home or real state agent . Avoid middle man
Mortgage Sources of Information
For more information and resources on . Mortgage Fraud please do refer FBI
Similarly another excellent source of information you can certainly get from Mortgage Fraud Blog
Mortgage Email Fraud Example
Below is the worst email example of scam email relating to Mortgage Fraud
MORTGAGE/LOAN OFFER , which says
Morgan Owen Loans Finance is “America’s & Europe #1 Online Lender”
Pay off your unexpected expenses with cash loan from
MORGAN OWEN LOANS FINANCE.
From: MORGAN OWEN LOAN FINANCE .S.A <loanoffer4@aol.com>
Subject: MORGAN OWEN FINANCE
MORTGAGE/LOAN OFFER
MORGAN OWEN LOAN FINANCE
399 CALLE BRAVO MURILLO
28021 MADRID - SPAIN
Tel: 0034 634 144 990
Tel: 0034 917 903 990
Fax: 0034 917 903 990
Email: loanoffer4@aol.com
Morgan Owen Loans Finance is “America’s & Europe #1 Online Lender”
Pay off your unexpected expenses with cash loan from
MORGAN OWEN LOANS FINANCE.
You are under no obligation to accept the cash loan offer that is presented to you
To apply for cash loan please ask for our application form:
1. Receive an e-mail confirmation within 5 minutes
2. Your cash loan application will be process and transferred to your
Bank Given Account within One Week.US$5000.00-US$750,000.00 Max
14 day guarantee: If for any reason you change your mind after you take out your cash loan, you can return the amount you borrowed within 21days, and there’ll be no fees, no charges, and no hassles. Guaranteed!
No prepayment penalties: you can pay off your cash loan anytime.
MORGAN OWEN LOANS FINANCE interest rates are fixed and will not change during your cash loan repayment. Fixed interest rates 0.25%
9 out of 10 Morgan Owen Loans Finance clients recommend them to their family.
Martin Lopez
Financial /Operations Manager
(Sub-Director)
VERY IMPORTANT NOTE : A POINT OF CAUTION FOR ALL
Please for sake do not reply to such emails promising( Above example ) if they are in your inbox . Now you can clearly see how modus operandi of crooks seems smart in defrauding people . For years innocents Americans were victims of such fraudsters because of such false attractive deals resulting heavy financial loss.
Related posts:
- Forensic Mortgage Loan Audit Can Emerge in New face of Foreclosure rescue scam
- Fraud Internet Sites Swindling Consumers
- Advance fee loan Scam artists can season again ,warns state officials .
- California Mortgage Fraud suspects formally charged
- Advance Fee Loan Scams-Telltale signs and prevention
