What is Mortgage Fraud through Identity Theft?
This begins a two part series on what is mortgage fraud; how it occurs and what can be done about it: such as how to protect yourself and what to do if you are a victim of identity theft and mortgage fraud. Imagine coming home after your vacation to find another family moving in your home and your possessions stacked in the garage. Imagine filling out an application for a credit card or a new car purchase to find out that you have an existing equity line of credit you never applied for. These instances are becoming more and more common as identity theft professionals find even more unique and destructive ways of not only obtaining your identity but also of ruining your credit and taking over your home, through a variety of mortgage fraud schemes. Identity theft is not limited to credit cards and small credit loans, but the rising real estate market and fast cash for turning houses over for resale have provided these unscrupulous individuals with a chance to make a large sum of money wi
