Vectors and 3D Models
Local Search - Finance
Weather Information
Get the App for Smartphones and Tablets

Go Back


WhmSoft Free Articles Directory
Free Articles for Reprint
Free Articles to Publish
Free Articles for Newsletters
Videos to Watch


Page Generation Date and Time:
03/27/2017 10:44:36

 
Free the Animation VR
Play to reveal 3D images and 3D models!
VR Icon  
 
vlrPhone / vlrFilter
Project of very low consumption, radiation and bitrate softphones, with the support of the spatial audio, of the frequency shifts and of the ultrasonic communications / Multifunction Audio Filter with Remote Control!



 
 
Alexa Data
 

Go To Articles Directory Home Page

To get the current article, - See Below (at the bottom of the page) -.
For top news titles, see below.
Web sites and videos listed in this page are frequently updated.
If you find that this page is useful (quality of web sites, images and videos, ...), you can add it to your favorites.
Bookmark Page !

Tell a Friend:



With your mobile phone (WAP / I-Mode / iPhone / PDA), for free:
The Top News - http://www.whmsoft.net/services/wap/news.php
The Daily Files - http://www.whmsoft.net/services/wap/get.php
All the Directory Files - http://www.whmsoft.net/services/wap/choose.php

Web version of feeds:
Podcast Music - http://www.whmsoft.net/services/web/wpodcast.php
Daily Files - http://www.whmsoft.net/services/web/wget.php

You can play the Guitar Drum Revolution game (flash game) by following the link below:
Play Guitar Drum Revolution Game


You can play free online games (flash games) by following the link below:
Free Online Games

Play the samples below:
01398 Moonstone Madness01750 Tikiz0575 Ping PongTerrorist KillSexy Alien Shooter

You can view the people (celebrities) news and the front page news (with videos, images and constant updates) by following the link below:
View Recent News
or by visiting the WhmSoft Service blog:
News Photos Slideshows


Article Keyword Videos to Watch
Finance
Click on the image to start the video.



Related Topics
Images - Links - Articles

finance
finance yahoo
finance calculator
finance definition
finance charge definition
finance jobs
finance news
finance express
finance major
finance salary
Marseille finance
Marseille


Related Images



Article Category Videos to Watch
Finance
Go to the Videos Pages


Mortgage Fraud Prevention

Mortgage Fraud is any procedures to acquire mortgage with false information. The objective of this article is to detect a mortgage fraud at early stage for prevention. Mortgage Fraud increased gradually recently. It is believe to be around in trillion dollars per year in US and Canada.

Most of us dreams to own a house or home. In the process, we sometimes go over board. The fraudster misrepresents information like employment, status, tax, and other obligation just to obtain a house or home. Some fraudster misrepresents for profit too.

A quick flip an ownership is an obvious signs of fraud. For example, the fraudster buys a house. The fraudster gets a house appraisal with an inflated house price. A straw man who is unconnected to the fraudster purchases the house at an inflated house price. So, the fraudster earns a huge profit. Usually, the fraudster finds a straw man and promises easy money. Often, the straw man is a victim. In the meantime, the fraudster may or defaults on monthly mortgage payment. In case of default, the mortgage lender forecloses the house. Even though the fraudster loses the house, the fraudster earns a profit from the sale of house to the straw man.

Now, mortgage lenders keep a close eye on any property that is sold within ninety days of ownership. This is to combat the last example. Furthermore, some mortgage lender disapproves any purchase within ninety days of ownership.

Common Mortgage Fraud

- inflate appraisal value of property to sell at higher price
- bogus home upgrades or renovations
- misrepresentation of information on mortgage application
- use fake documents and identification
- unpaid mortgage, insurance, property tax, and home owner association in behalf of new owner
- flip property ownership to straw man
- fake down payment by the borrower

Mortgage Fraud Prevention Tips

Match the signature to the first and last name of the borrower if you can make out the first and last name from the signatures. If the signature does not match the first and last name, you can raise the fraud alarm.

We often forget that the telephone can be handy. The phone directory verifies the identity of the borrower at times. Also, you can verify the employment and identification by telephone.

With the advancement of technology, the fake documents are often hard to distinguish. A simple way to detect fake bank statement is to match the balance on previous statement to the next statement. Also, you can match the paycheck amount with the bank deposit amount.

There is fraud detection software available in the market. The software validates the information on the form. And, the software detects any inconsistencies at the early stage of the mortgage application. Today, the softwares are highly sophisticated and surprisingly user-friendly.

Mortgage Fraud evolves as we strengthen our mortgage fraud prevention tools. In the future, a new nature of mortgage can rise at any time. We must feel free to question unusual and suspicious activities. As a borrower, you may want to use a reputable business entity. At least, you must investigate the history of the business entity before you do any financial transaction. It may be more costly, but it gives you peace of mind. Or, you could end to lose your house.


About the Author: Dennis Estrada is a webmaster of mortgage calculators, mortgage dictionary, and mortgage fraud prevention website that gives access to many resources, and calculators for mortgage.




Recommended Web Site(s):

Easy Articles Home Page - Articles Directory

Recommended WhmSoft Web Sites, Feeds and WAP Address:

WhmSoft Software Home Page - Software
WhmSoft Services Login Page - Music and Images
WhmSoft Moblog Home Page - Blog - Photo Gallery
WhmSoft Free Online Games Home Page - Flash Games
WhmSoft Services RSS Feed - Daily Music, Image and 3D Flash Animation
Classical Music with Drum RSS Feed - MIDI and MP3 Files
Classical Music with Drum Podcast Feed - MP3 and MP3 Files
WAP / I-Mode / PDAs - Daily Music, Image and Flash Animation

Home Pages:

WhmSoft Free Articles for Reprint Home Page
WhmSoft Services Home Page - Music and Images
Copyright (C) 2006-2017 WhmSoft - All Rights Reserved.