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FRAUD Reference Articles: Pushed appraisal A pushed appraisal is an appraisal the home value has been falsely inflated in order to meet a value needed by the mortgage company to secure financing. There are many negative side affects of a pushe http://www.brokeroutpost.com/reference/43343.htm (Updated: 09/06/2007) Related Reference Topics: [appraisal, inflated value, fraud]
Tips to Avoid Mortgage Fraud for Consumers The easiest way to avoid mortgage fraud is to work with a reputable Loan Professional who is both educated and experienced. Ask for recommendations from friends and family to find out which lenders a http://www.brokeroutpost.com/reference/20721.htm (Updated: 06/24/2007)
Down payment from Savings Once you’ve figured out how much of a down payment you can make on your home mortgage, it’s time to determine how to document the source of your funds for the down payment and closing costs. Now you http://www.brokeroutpost.com/reference/82038.htm (Updated: 12/30/2006)
Are you working with a shady lender/broker? In general, 90% of mortgage professionals are honest, hard working, and do have your best interests in mind. Due to the overwhelming growth in our industry over the past several years there are bad a http://www.brokeroutpost.com/reference/40428.htm (Updated: 08/14/2006) Related Reference Topics: [scam, fraudulent companies, mortgage fraud]
Title & Escrow Fees Title & Escrow Fees
Include both the owner's and the lender's policy of title insurance as well as the escrow fee. Title insurance protects both the buyer and lender by insuring a clear chain of http://www.brokeroutpost.com/reference/19783.htm (Updated: 02/03/2006)
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