Can You Fight Charges on Mortgage Fraud?
If one of the booming industries then is real estate, the recent financial meltdown has brought the said industry to its knees. This is probably the reason why there has been a recent increase in the number of mortgage fraud cases. The surprising thing about these cases, however, is that more than half of them were borne out of a collusion between a borrower and a mortgage industry insider. There are many ways by which mortgage fraud can be committed. This could include income and employment fraud, reverse mortgage fraud, phantom help, identity theft, short sale fraud, bait and bump, equity stripping or skimming, lease buy-back, and house flipping. Oftentimes, in mortgage fraud cases, the victim may not be as innocent as they seem. This is usually the case when the borrower pockets the extra money without looking into where the money came from. In cases like these, mortgage industry insiders who should have known better can be held accountable. In order to keep yourself from becoming i
