3 Thoughts on whats up with these mortgage scams?
  1. Reply
    February 17, 2014 at 12:25 pm

    There are scams everywhere out there it seems.

  2. Reply
    February 17, 2014 at 12:43 pm

    Which one? There are so many. Be careful because some lenders on line are quoting principal and interest payments and not PITI. These are legit but they can’t knoew what local taxes and ins. are.

  3. Reply
    February 17, 2014 at 12:53 pm

    It’s scary. Our research department is constantly asked to research information regarding what consumers fear is a scam and in most cases their fears are true.
    Here are some of the links that we have from our previous research.
    Dreams Foreclosed – Scams about foreclosures – A pamphlet*: http://www.consumerlaw.org/news/ForeclosureReportFinal.pdf
    Predatory Lending information from ABA: http://www.aba.com/Consumer+Connection/CNC_pred1.htm
    FDIC Emerging issues in Banking*: http://www.fdic.gov/bank/analytical/fyi/2003/091703fyi.html
    Mortgage Loan Fraud a report* http://www.fincen.gov/MortgageLoanFraud.pdf
    If you wish to conduct a more detailed free research on your inquiry you should go to our educational real estate research page http://www.realestateformnm.com/ResearchLink.html there you will find more links for real estate related research than any other site.
    Buena Suerte

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