A public service announcement of sorts. The TC Daily Planet has an article about a new mortgage scam/fraud making it’s way around the Twin Cities metro area. With the foreclosure rate in the metro area still soaring, struggling homeowners face a new and more sinister threat – unscrupulous scam artists. With ads claiming they can [...]
Spot loan modification fraud head on
January 31, 2009 By Leave a Comment
By now everyone has heard those stupid commercials about applying some junk head on to your forehead to relieve some pain. Well here is how to spot mortgage or loan modification scam from a mile away, simple: if they ask for money up front. Loan modifications scams are on the rise in the Twin Cities [...]
Here we go again with more Twin Cities mortgage fraud
January 12, 2009 By Leave a Comment
Seen on the Fox 9 News last night was yet another mortgage scam to watch out for and you can see the investigation here. Mortgage fraud and scams aren’t new to Minnesota and definitely sheds a black eye on the industry. The scam dubbed “builder bailout” operated when an appraiser knowingly inflated the price of [...]
Not A Top 10 List to be found on
June 20, 2008 By 1 Comment
The Twin Cities are on so many good lists but with the recent crackdown on mortgage fraud, the Twin Cities real estate is on one of the worst. The FBI’s Top Ten for mortgage fraud. Dubbed ‘Operation Malicious Mortgage’, yesterday the FBI announced charges for over 400 individuals across the United States. Now most of [...]
