Mortgage Fraud: What It Means and What to Do

Quick Answer: Mortgage fraud reports jumped 88% in the second quarter, with 29,558 suspicious activity reports filed compared to 15,727 the previous year. Most suspected fraud occurred during the housing bubble before 2008, with banks now discovering problems while re-examining defaulted loans due to investor repurchase demands.Banks are re-examining loans that took place during the …

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Foreclosure Scam Complaints: What the Records Show

Quick Answer: Foreclosure scam complaints reveal that desperate homeowners are being charged hundreds of dollars for NPV tests and mortgage audits that are available free through the Treasury Department’s website. These scams include modification services, foreclosure rescue schemes, and mass joinder suits targeting vulnerable homeowners facing foreclosure.The millions of desperate homeowners who have found themselves …

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