Top Ten Signs You Are Being Scammed
Mortgage fraud is on the rise. Be alert to any individuals or companies that:
- Want money up front for mortgage assistance
- Offer to fill out paperwork for you
- Claim to be doing a “forensic audit”
- Ask that payment be made directly to them, rather than to your bank
- promise to modify a mortgage or prevent foreclosure, no matter the circumstances.
- Advise you to stop making mortgage payments
- Suggest you lease your house and buy it back over time
- Require payment in the form of cash, cashier check or wire transfers
- Advise you transfer your property deed or title to them
- Ask you to give them power of attorney
If you think you’ve been scammed, file a complaint online or call the Consumer Financial Protection Bureau (CFPB) at 855-411-CFPB
Sources: C.A.R. & the CFPB
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