ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Mortgage Fraud what to be aware of !

Updated on April 16, 2012

Mortgage Fraud what to be aware of !

Mortgage Fraud what to be aware of! Mortgage Fraud and Real Estate Mortgage Fraud. What is it? Its the intent to misrepresent or omit information on a mortgage loan or obtain a larger loan than would be obtained had the lender or borrower had known the truth. Mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud, and money laundering, with penalties up to thirty years in prison. Mortgage fraud is not to be confused with a Predatory Mortgage Lender. Which occurs when consumers are mislead by agents of the lender. Mortgage fraud is happening more in the past few years then ever before. Mortgage Predators often target home owners who can not meet their monthly mortgage obligation.

Recently in Minnesota 36 were busted in a mortgage fraud ring. This was called Operation Stolen Dreams. Over 1,215 were involved in this mortgage scam. Read my article called What Is A Scam or Scheme. To learn more about this mortgage fraud.

Mortgage fraud is one of the most common crimes in todays society. These crimes have left many people with out their homes and many mortgage companies deep in debt , with foreclosed properties. This type of fraud can be devastating to home owners and mortgage lenders. Communities are affected as well. If you live next to a foreclosed home and you decide to move , your property is going to be worth less. It hurts the resale value of your home. Just ask a Real Estate Agent and they will tell you. Mortgage scams usually involves a lot of others working together in the scam. Sellers, Buyers, Investors, and Property Owners just to name a few. They have to all work with each other to complete this fraud. Always apply with a lender that has a good reputation and been in business for awhile. No fly by night in the seat of pants operation. A reliable company.

Beware of these types of companies. If their not legit for get it! 


Submit a Comment

  • Rhonda Waits profile image

    Rhonda Musch 7 years ago from The Emerald Coast

    Thanks for your comment Joy Dans. You are welcome for the warning. Glad I could help you.

  • profile image

    Joy Dans 7 years ago

    Thanks for warning us all. Great article.

  • profile image

    anonymous 7 years ago

    Thanks for the warning.

  • profile image

    anonymous 7 years ago

    Minnesota is eat up in scams. Beware be alert. Thanks

  • profile image 7 years ago

    great advice love it

  • profile image

    Eric Musch 7 years ago

    I agree with this article

  • Lady_E profile image

    Elena 7 years ago from London, UK

    Wow.. thanks for raising awareness. I think people should also be careful when they are being foreclosed. It came to light recently, that a lot of people didn't have the correct legal paper work to take the properties off the owners. So sad.

    Happy Thankgiving.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: ""

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)