Traditional mortgage fraud includes situations in which homebuyers and/or lenders falsify information to obtain a home loan. Homebuyers should never sign mortgage documents that have incomplete or inaccurate information.
Mortgage Rescue and Loan Modification Scams: Many so-called foreclosure rescue companies or foreclosure assistance firms claim they can help struggling homeowners save their home from foreclosure. Some are brazen enough to offer a money-back guarantee. Unfortunately, most of these foreclosure fraudsters take your money and run.
Reverse Mortgage Scams: Reverse mortgages can be useful products, but have been associated with deceptive practices and allegations of high-pressure sales tactics and the risk of being steered into inappropriate loans and annuities.
The mission of HUD is to increase homeownership, support community development and increase access to affordable housing free from discrimination. The HUD Web site contains information about fraudulent activities related to housing and how consumers can protect themselves from becoming victims of loan fraud.
NeighborWorks America creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities.
Listing of HOPE NOW Alliance counseling organizations, which consist of Housing and Urban Development partners that have offices across the United States. These organizations provide borrowers with in-depth debt management, credit counseling and overall foreclosure counseling.
FINRA Investor Education Foundation, SaveAndInvest.org and National Center for Victims of Crime
This guide is designed to assist victim advocates by providing information on financial fraud generally, as well as action steps that can be taken after an individual has been the victim of fraud.