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Avoiding Mortgage Fraud

Even small white lies on your real estate loan application can be considered mortgage fraud. Mortgage fraud can be a big deal, with big consequences. If a mortgage lender discovers that any part of your loan application has been falsified, they can demand full repayment of the loan. But that’s not all, you could also face huge fines, an FBI investigation and you could even go to jail. It’s very important to avoid mortgage fraud in order to protect yourself.

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Articles Tagged ‘Buy REO’

Comments Off on Why Banks Foreclose On Homes?

Why Banks Foreclose On Homes?

If you’re a first time home buyer, you may not understand why banks  foreclose on homes. While the term might be familiar in terms of hearing it in other people’s conversations, sometimes the meaning can be a bit muddled. Basically, a foreclosure occurs when the homeowner defaults on the payments and the bank takes [...]