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What is the legal definition of mortgage fraud?
Mortgage fraud is the deliberate omission or misrepresentation of facts on the part of either the borrower or lender with the purpose of obtaining a mortgage loan. Mortgage fraud is essentially the intentional misrepresentation by either the borrower or the lending institution to enable the awarding of a loan. Examples of mortgage fraud include income misrepresentation, and misrepresentation of property use.
What are some types of mortgage fraud?
There are many types of mortgage fraud. One of the most common is not putting correct information on the mortgage application such as current income.
Why is mortgage fraud not portrayed in the media?
mortgage fraud isn't really portrayed in the media beause its not something that occurs very often in the area of housing.
Who would I call to find an attorney related to mortgage fraud?
Your best solution to find an attorney to assist with accusations of mortgage fraud would be to consult with a HUD approved housing counseling agency.
Is not making mortgage payment considered fraud?
No. fraud, in the legal sense, is to deliberately mislead in order to benefit at another's expense.
What is passive fraud in real estate?
Mortgage Broker defrauded your income. Form1003
If you default on your home mortgage can the mortgage company come after your car?
They can not directly come after your car. However a Judge can order assets seized. If there was no fraud involved in the mortgage this is an unlikely situation.
How does one initiated a fraud investigation?
First you have to see if it is a fraud to be able to initiate a fraud investigation. Then you have to get all the evidence together and send it to the police station.
What should you do if you were tricked into co-signing a mortgage loan with your mom?
You would need an abundance of compelling evidence to show that you were "tricked" and you would likely need to press charges against your mother for fraud in order to get out of being responsible for paying the mortgage. If that is indeed the case, you should consult with the attorney who represented the bank at the closing for the loan or with the bank's legal department. You should act on this immediately.You would need an abundance of compelling evidence to show that you were "tricked" and you would likely need to press charges against your mother for fraud in order to get out of being responsible for paying the mortgage. If that is indeed the case, you should consult with the attorney who represented the bank at the closing for the loan or with the bank's legal department. You should act on this immediately.You would need an abundance of compelling evidence to show that you were "tricked" and you would likely need to press charges against your mother for fraud in order to get out of being responsible for paying the mortgage. If that is indeed the case, you should consult with the attorney who represented the bank at the closing for the loan or with the bank's legal department. You should act on this immediately.You would need an abundance of compelling evidence to show that you were "tricked" and you would likely need to press charges against your mother for fraud in order to get out of being responsible for paying the mortgage. If that is indeed the case, you should consult with the attorney who represented the bank at the closing for the loan or with the bank's legal department. You should act on this immediately.
What company took over mortgage payments from Countrywide?
Bank of America too over payments from Countrywide after the mortgage fraud by Countrywide. The mortgage settlement should send billions of dollars to struggling homeowners.
What is the statute of limitations for mortgage fraud?
The statute of limitations for mortgage fraud was increased to 10 years.
I have mortgage but i would like to delete my name and put my brother name.?
That's illegal (it's fraud).
