FBI says mortgage fraud top priority for white collar crime squad

FBI officials said they most often see scam artists taking advantage of individuals whose homes are foreclosed upon.

Aldrich said these fake companies encourage home owners on the brink of foreclosure to sign their deeds over to them.

The company agrees to act as landlord and pay the owner’s bills if the owner pays them–but the companies take the money, don’t pay and the home goes into foreclosure.

“They agree to A but by the time they get to B things have changed.” Aldrich said.

Read more from the Globe Democrat

Related News

  • No Related Post

Leave a comment

Leave a Reply

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News