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Common schemes still pervadeTulsa WorldReverse mortgages - also known as home equity conversion mortgages (HECM) - have increased 1300 percent from 1999 through 2008, creating significant fraud prospects, the FBI website says. Reverse mortgage scams are engineered by unscrupulous ... |
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Homeowners: Watch Out for These 5 Common Mortgage ScamsU.S. News & World Report (blog)There are a number government-sponsored loan modification programs designed to reverse the current housing market situation—so many, in fact, that it's nearly impossible to keep track of what they are. Mortgage scam artists will rely on this fact when ... |
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Edith Lank: Several steps required to become agentRochester Democrat and ChronicleWhile there were some reverse mortgage scams in the early years, those have been mostly weeded out. These days the fees involved are pretty much the same as for conventional, FHA and VA mortgages. Nonprofit HUD-certified counseling is available in any ... |
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Protect Yourself from Mortgage FraudSurfKY NewsAn emerging trend in recent months involves mortgage assistance relief scams. These scams target homeowners with promises to save them from foreclosure, get them a reverse mortgage, or lower their mortgage payments—in exchange for an advance or monthly ...and more » |
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On homes and real estate: Avoided a scamChicago Daily HeraldQ. Recently, you told a woman that reverse mortgage was not a scam. I checked it out and found that they only lend half of the current value of the home, and if you already have a mortgage, that will be deducted. You must keep the house up and pay all ...and more » |
December 4, 2008
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