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Mortgage Fraud: Everyone’s a Victim

Mortgage Fraud

Why would you lie on your mortgage application? Would it be to get a higher mortgage than you really qualify for? Would it be to get lower interest rates? Would it be to hide existing debts and loans? Whatever the reason, lying on your mortgage application is considered fraud and you could face serious jail time. Popular pastime Despite being as illegal as it’s possible to get, mortgage fraud is increasing around the world. The US has had several high profile cases in the past few years, and so has the UK. In August 2012, the Daily Mail reported that ... Read More »