Question

What to look out for in mortgage fraud

Answer 1

First, check out the loan company on your local BBB website. Then do a quick online search and look up customer reviews. Finally, check with your state's attorney general to make sure that the lender is registered with the proper state government agencies

Answer 2

Step-by-step explanation:

Income Fraud Where the borrower overstates their income, e.g. to secure a higher mortgage loan offer. A solicitor who knows their client does not have a job or knows they has serious mortgage arrears on another property should be on the look out for possible mortgage fraud.