The FBI expects more foreclosure scams as criminals prey on growing
numbers of people desperate to keep their homes while interest rates
balloon on adjustable rate mortgages.
Great resource for mortgage and loan.
Charles Carpenter also expects increasing fraud in "reverse mortgages,"
in which
homeowners 62 or older can take out a loan against the equity in their home.
Unlike a traditional home equity type loan, the borrower doesn't pay back
a reverse mortgage until they sell
the home. Which means a long time may elaspe before any fraud or problem occur
thanks Great8stuff.com