Mortgage Fraud Is Increasing

Yep that’s right.  There is more going on today and that is why you have to be careful about you deal with.

“The number of mortgage-fraud cases the FBI is investigating is on the rise as scammers prey on unsuspecting homeowners behind on their mortgage payments and nearing foreclosure.

“Considering that there could be more than 3 million foreclosures starts in 2009, it is safe to assume that frauds and scams will affect a large number of American homeowners,” said Travis Hamel Olsen, president of the National Short Sale Center, in a news release this week. The firm facilitates short sales on behalf of homeowners and real estate agents.”

http://www.marketwatch.com/story/mortgage-fraud-cases-nearly-double-in-2-years?siteid=rss