FDIC, in their Summer 2008 newsletter, warns consumers to avoid those persons who are thieves who pretend to be mortgage lenders or loan counselors.
In order to prevent yourself from being a victim of a mortgage fraud and these types of scams, the FDIC encourages you to; "Beware of anyone who charges a large upfront fee and "guarantees" (falsely) to save your home from foreclosure."
The news report offers numbers you can call to locate certified HUD counselors.
Related Florida real estate views:
Realtors should not write home loans
Poor underwriting help fuel subprime mortgage mess
Mortgage fraud in Florida
- Greg Staker - Watson Realty Corp. - 407-304-0255
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