Uneducated Buyers Prone to Mortgage Fraud
Tuesday, November 14th, 2006The concept seems simple and self-explanatory: not being correctly informed when making important decisions may lead to people taking advantage of you. The mortgage industry is rife with problems in this area, and it should be our duty as mortgage brokers and loan agents to educate buyers in making smart decisions.
News arrives every day of new scandals. Lately, a recent trend seems to be inflating property values of distressed homes through the use of untrustworthy appraisers (Article 1) (Article 2).
The Lending Geek hopes to provide you with all the information you need to make informed decisions about home loans. The mortgage industry has been thriving off of ignorance for too long. It’s time to stop preying on people and help them instead.