Thursday, August 09, 2007

Mortgage Fraud



If all the articles I read are even close to being accurate, mortgage fraud is BIG with a capital "B" business, it is a criminal offense and yes, it does happen in Wyoming!

The warning signs of abusive lending, along with a borrower's Bill of Rights and links to reporting abusive lending can be viewed at http://www.stopmortgagefraud.com.

Why should you care? Mortgage Fraud hurts lending institutions and real estate professionals as well as the overall health of the U.S. economy, it also cons a large number of homeowners every year. If you're buying property, refinancing a mortgage, or looking for creative ways to eliminate home loans and other debts, you are a potential target.

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