Jeudi 17 mai 2018 : Suivez en DIRECT le Journal PREMYE OKAZYON sur caraïbes FM - Comment va Haïti pour ce jeudi ? Retrouvez tous les détails...

The process of buying or selling a house involves multiple entities and significant financial transactions, providing both the opportunity and motive for mortgage fraud. Consumers should be aware that it is a crime to provide false or inaccurate information when applying for a home loan. But some forms of mortgage fraud are committed without the buyer's participation and can result in substantial losses.

Jeudi 17 mai 2018 : Suivez en DIRECT le Journal PREMYE OKAZYON sur caraïbes FM - Comment va Haïti pour ce jeudi ? Retrouvez tous les détails ci-dessous...

Autres Dossiers : Peyi Argentine voye yon gwoup Haitien tounen yap temoingne imilyasyon yo pran nan pays Argentine

_Promoted

How to Avoid Mortgage Fraud

These include property flipping, the use of stolen identities for real estate purchases, equity skimming and fraudulent appraisals. Read about mortgage fraud in FindLaw's Criminal Law Center for more detailed information about these types of crimes.
There are some important steps you can take to avoid becoming the victim of mortgage fraud. The Federal Bureau of Investigation, which investigates fraud, suggests the following:

• Get Referrals: Make sure you know who you're dealing with when you decide to buy or sell a house. Get referrals for real estate and mortgage professionals and also check their state and local licenses.
• Do Research: Find out what other homes, particularly those of similar size and value, have sold for. Also check recent tax assessments of nearby homes.
• Stay Away from "No Money Down" Loans: These are usually gimmicks to get people to buy homes they can't afford. At best, these loans have very unfavorable interest rates and terms.
• Don't be Persuaded into Making False Statements: This includes real estate agents, mortgage brokers or anyone else involved in the transaction. Even a seemingly slight overstatement of income is considered fraudulent.
• Never Sign a Blank Document: There are no legitimate reasons for signing a blank document or one containing blank lines. Always make sure you read and understand what you are signing.