Top Way’s to Avoid Mortgage Fraud

Get a referral for real estate and mortgage professionals. Check the licenses of the industry professional with State, County or City regulatory agencies.

If it sounds to good to be true, it probably is. An outrageous promise of extraordinary profit in a short period of time signals a problem.

Be wary of strangers and unsolicited contracts, as well as high-pressure sales techniques.

Look at written information to include recent comparable sales in the area, and other documents such as tax assessments to verify the value of the property.

Understand what you are signing and agreeing to – if you do not understand, re-read documents or seek assistance from an attorney.

Make sure the name on the application matches the name on your identification.

Know and understand the terms of your mortgage. Check your information against the information in the loan documents to ensure they are accurate and complete.

Never sign and loan documents that contain blanks – this leaves you vulnerable to fraud.