Archive for January, 2009

Feds Say Mortgage Fraud Up 26%

mortgagefraudThe federal government has released information saying that cases of fraud that have been reported to various law enforcement offices shows an increase of 26 percent. This alarms them for as the government prepares to release the bailout money that is part of the $700 billion bailout funds, their aim is to get the money to those who need it and out of the hands of these crooks. They have mobilized information campaigns on all forms of media from large print (posters and billboards), newspaper and even paid for movie-time showing of ads that aims to make people aware of such activities in hopes of steering them away from fraud. People are also given the numbers to call just in case they do get into such scams who promise to give them cash till their bailout funds come enough to make their mortgage payments.
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