Mortgage fraudsters are leaving these 10 markets

Mortgage fraudsters are leaving these 10 markets These are the 10 hottest U.S. housing markets by zip code right now These are the 10 best housing markets for growth and stability

The sluggish economy and slowly recovering housing market create the perfect environment for mortgage scams, with desperate homeowners as easy prey for scammers. The crooks say what you want to hear.

REAL ESTATE FRAUD SCHEMES Equity Skimming (or equity stripping): A false appraisal, inflated purchase price, an unrecorded lien, or any combination of the three, are used to get quick cash. After creating fake equity, or eliminating any real equity that the property may have, the fraudsters take off with

MORTGAGE FRAUDSTERS ARE FLOODING THESE 10 markets mortgage fraud is growing at an alarming rate according to credit. Mortgage fraud: unlikely, but possible. According to the FBI, you are not the most likely victim of mortgage fraud – most cases are perpetrated by borrowers against mortgage lenders.

Weak lenders stick around a bit longer Weak lenders stick around a bit longer. September 30, 2013. regulators wouldn’t comment on the idea that they are allowing weak banks more time, but they contend they are striking a proper.

Mortgage fraudsters are flooding these 10 markets These are the 10 best housing markets for growth and stability Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com.

The national average on the Mortgage Fraud Risk Index is 146; Washington, D.C., and Maryland, both of which have an index around 150, rank in the top 15 states. Nevada, at 245, is the riskiest state. Fraudsters follow the distressed market because they prey on people who are desperate for help.

Mortgage Fraud, Debt Are Declining There’s some seemingly good news on the mortgage and banking front: Mortgage fraud is waning, and so is mortgage debt. Brian O’Connell

Then they fail to attract businesses and residents, leaving a shell of a city that sits. toward housing-nearly twice as much as in the U.S. Mortgage loans for these vacant units amounted to 10.3.

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3 Days To An Effective Mortgage Marketing Plan Mortgage rates have now dropped 15 basis points over the past two weeks, leaving them only 10. market volatility may be causing some anxiety, the combination of low rates and a still strong job. Fraudsters are getting more sophisticated and prepared to invest large sums of money to reap richer rewards.

The mortgage industry is no exception. For most consumers, a mortgage will be the largest single purchase they make in their lifetime. This makes picking the right mortgage lender even more important.

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