Mortgage Fraud: Everything You Need To Know Introduction
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Buying a home comes with its challenges.
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There is so much money, time, effort, and emotion involved.
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As the top mortgage lenders in Massachusetts, we strive to keep our customers informed on real estate best practices and risks.
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If you are looking for a home mortgage, you must know about Mortgage Fraud.
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Let's understand it in detail.
What is Mortgage Fraud?
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Buying a home comes with its challenges.
●
There is so much money, time, effort, and emotion involved.
●
As the top mortgage lenders in Massachusetts, we strive to keep our customers informed on real estate best practices and risks.
●
If you are looking for a home mortgage, you must know about Mortgage Fraud.
●
Let's understand it in detail.
Types of Mortgage Fraud
1. Property Flipping 2. Asset Rental 3. Equity Skimming 4. Foreclosure Scams 5. Inflated Appraisal
Tips to avoid Mortgage Fraud
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Check the references of people involved in the mortgage process.
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Read all of the terms and conditions of the final mortgage loan papers/agreements.
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Before the purchase, verify its history, and ownership.
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Hire a trustworthy attorney to check all your important mortgage and property documents.
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They are well-versed in these documents and procedures.
Conclusion ●
At Drew Mortgage Associates, mortgage lenders in Massachusetts, we are completely transparent in our mortgage processes.
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You can trust us with your money and property.
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Get in touch with us to get started with your mortgage process today!