Services

 Mortgage fraud happens when someone tries to take advantage of your trust by lying about their identity or background to get money out of you. Here are some signs to look out for:

Someone who says they're willing to put as much money down as possible on the house they're buying and then offer very low interest rates and terms​. This is a classic sign of fraud, because it means the seller has no intention of paying you back. They want your money now and will take what they can get from you before the deal falls through.

A seller who wants all the paperwork completed before showing you any homes or even meeting with you for a tour​. If a seller wants your signature, phone number, or email address before giving you an opportunity to see any property — even if it's just one property — it could be a sign that something's off with this person's story and history​.

 Mortgage fraud is a serious problem that affects the entire mortgage industry.

Mortgage fraud costs lenders, investors and borrowers billions of dollars each year. It also puts people who are looking to buy a home at risk of losing money.

The FBI estimates that mortgage fraud costs many people their homes, their savings and their retirement accounts. It can also lead to financial ruin for innocent homeowners who don't know any better than to trust those they deal with on a daily basis.

 Mortgage fraud services are offered by a number of companies, some of which specialize in helping you to fight fraud.

They may offer to help you with the following:

Settling a fraudulent application for a mortgage loan.

Providing you with information about the status of your application and attempt to get it approved.

Verifying your contact information and providing proof that you live at the address on file with the lender.

Helping you understand what is happening within the lending industry and how they work together to ensure that fraudulent applications are not approved.