BUYER BEWARE: Fraud Cannot Be Pursued in a Florida Real Estate Contract The attorneys at WeidnerLaw have a vast range of experience in contract and business disputes, including a particular focus on Florida real estate transactions.
· Mortgage fraud is a major concern for mortgage lenders, as they attempt to protect themselves from bad loans. This is especially true in areas that were hit hard by the housing market meltdown, such as Southern Florida, that are beginning to show signs of an early housing recovery.
Many mortgage rescue scammers advertise that they will provide help with these programs in order to seem trustworthy. BEWARE of out-of-state lawyers who claim they can help you get a more affordable mortgage with your lender or help save your home from foreclosure.
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· As the government shutdown rolls on, people are having to resort to extreme measures in order to make ends meet. scammers, unfortunately, know this and are making the rounds to take advantage of unsuspecting homeowners. That’s why it’s important to make sure you are aware of mortgage assistance and foreclosure relief scams and the tactics scammers use to steal the.
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Mortgage Fraud – The Law Beginning in 2010, any individual or company that provides loan modification services must have an active license from the Florida Office of Financial Regulation . This new provision further enhances the foreclosure rescue fraud Prevention Act, which prohibits individuals and businesses from collecting up-front fees for.
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Reverse Mortgage Fraud is Often Committed by Someone You Know! According to this article by the Wall Street Journal, the victims of reverse mortgage scams often know the perpetrator. The perpetrator could be a financial advisor or even a family member.