What is Mortgage Fraud?
The best way to avoid mortgage fraud is to understand what it is. Mortgage fraud is either outright lying, failing to state the facts ("omission"), or misrepresentation ("bending the facts") by either the person or company who provides a house loan or the borrower. Often, there is some financial incentive that spurs a lender or borrower to commit mortgage fraud.
How Can I Avoid Mortgage Fraud?
Here are a few things you can do to avoid taking part in or being a victim of mortgage fraud:
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