Tuesday, October 9, 2012

Top 10 Signs You are Being Scammed with Mortgage Fraud

 If any individuals or companies:
  1. Want money upfront for mortgage assistance. 
  2. Offer to fill out paper work for you.
  3. Claim to be doing a "forensic audit"
  4. Ask that payment be made directly to them rather than to your bank
  5. Promise to modify a mortgage or prevent foreclosure, no matter the circumstances.
  6. Advise you stop making mortgage payments.  
  7. Suggest you lease your house and buy it back over time. 
  8. Require payment in the form of cash, cashier's check, or wire transfer. 
  9. Advise you to transfer your property deed or title to them. 
  10. Ask you to give them power of attorney.
 I found this list on CAR.com which is a great resource for all things real estate related here in California.
If you feel you are being scammed call the Consumer Financial Protections Bureau at (855) 411-CFPB or (855) 411-2372 or go online to http://www.consumerfinance.gov/complaint/