Mortgage fraud is a kind of real estate fraud that most often affects and harms the financial institutions which lends money for property purchase. The most known form of this kind fraud involves the swindler getting a property then artificially augments property’s value via series of sales and resales between him and someone between them. This mortgage is then locked up on the property depending on the price that has been falsely increased.
On the other hand, title fraud most often affects individual homeowners. There are limited number of title fraud cases though. It involves a swindler using stolen identities or forged files to move the registered owner’s title to himself without his victim’s knowledge.

This entry was posted on Tuesday, April 1st, 2008 at 9:12 am and is filed under Real Estate Fraud, Type of Scams. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.