{"id":2062,"date":"2024-03-07T20:15:42","date_gmt":"2024-03-07T20:15:42","guid":{"rendered":"https:\/\/mymortgagepros.com\/?p=2062"},"modified":"2024-03-07T20:16:14","modified_gmt":"2024-03-07T20:16:14","slug":"mortgage-fraud-awareness-month-dont-be-a-victim","status":"publish","type":"post","link":"https:\/\/mymortgagepros.com\/mortgage-fraud-awareness-month-dont-be-a-victim\/","title":{"rendered":"Mortgage Fraud Awareness month! Don’t be a victim!"},"content":{"rendered":"\n
Did you know? March is Fraud Awareness Month. Protecting yourself and your mortgage from fraud is crucial to safeguard your financial well-being. Understanding some of the more common mortgage fraud scams and how to protect yourself can make all the difference!<\/p>\n\n\n\n
The most common type of mortgage fraud involves a criminal obtaining a property, and then increasing its value through a series of sales and resales involving the fraudster and someone working in cooperation with them. A mortgage is then secured for the property based on the inflated price.<\/p>\n\n\n\n
\u00a0Below are some red flags to be aware of as potential lead-ins to fraud:<\/strong><\/p>\n\n\n\n Title fraud is essentially a form of identity theft and is typically discovered when your mortgage mysteriously goes into default and the lender begins foreclosure proceedings.<\/p>\n\n\n\n With title fraud an individual, who is using false identification to pose as you, will register forged documents transferring your property to his\/her name. From there, they register a forged discharge of your existing mortgage and get a new mortgage against your property. Then the fraudster makes off with the new home loan money without making mortgage payments. The bank thinks you are the one defaulting \u2013 and your economic downfall begins.<\/p>\n\n\n\n \u00a0But don\u2019t panic! There are lots of ways you can protect yourself from title fraud:<\/strong><\/p>\n\n\n\n We at MortgagePRO Ltd.<\/strong><\/a> believe in well informed clients make better decision on their biggest investment, their home. Mistakes can be costly and can ruin your financial landscape for decades to come. Take our Free Consultation<\/a><\/strong> session to ensure you are secured and doing the right think. We are here to help, your are our client or not.<\/p>\n\n\n\n Remember, being proactive and vigilant is key to protecting yourself and your mortgage from fraud. If you suspect fraudulent activity, act promptly to mitigate potential damage and report it to the appropriate authorities.<\/p>\n","protected":false},"excerpt":{"rendered":" Did you know? March is Fraud Awareness Month. Protecting yourself and your mortgage from fraud is crucial to safeguard your financial well-being. Understanding some of the more common mortgage fraud scams and how to protect … Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":2066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[74,5,1],"tags":[],"yoast_head":"\n\n
\u00a0Another fraud scheme to be aware of is title fraud. <\/strong><\/h5>\n\n\n\n
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