Tuesday, April 7, 2009

Avoid Becoming a Mortgage Fraud Victim

The Federal Bureau of Investigation has an entire page devoted to mortgage fraud and the numbers are staggering. The total Mortgage Fraud Suspicious Activity Reports (SARs) filed in Fiscal Year 2008 numbered 63,173 with more than $1.5 billion in losses.

Check out the FBI Mortgage Fraud website for general information on mortgage fraud and information on recent cases.

Of particular interest is their article on How to Avoid Becoming a Mortgage Fraud Victim.

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