October 5, 2006

Marco Island Educate Yourself About Mortgage Fraud

Mortgage Fraud is a serious problem in this country and will continue to be. How can Marco Island Borrowers protect themselves against it? Education is the first place to start. So what does Mortgage Fraud look like?

Here is a brief run down of the various ways Mortgage Fraud can happen in Marco Island:

  • Property Flipping
  • Chunking
  • Silent Second
  • Nominee Loans/Straw Buyers
  • Fictitious/Stolen Identity
  • Foreclosure Schemes
  • Inflated Appraisals
  • Equity Skimming
  • Air Loans
  • Money Laundering

For a complete explaination of each of these, please email me at colleen@paradisereport.com and I will send you an information sheet.