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(PRLEAK) September 26, 2009 - Walt Vieira in his book ‘The Mortgage Rebel’, reveals 7 secrets to help consumers choose the right loan and save thousands of dollars. The book also discloses facts that mortgage companies hide from consumers.
During these troubled economic times and the current mortgage crisis, loan sharks are on the prowl. To avoid mortgage fraud, consumers need to take precautionary measures and make sure they deal with a reputed mortgage company and loan officer. What is worrying is that California seems to be the worst hit in terms of mortgage according to the FBI. Of the hundreds of frauds, modification of loans, advertising at low prices and then luring consumers to other more expensive alternatives ¬– commonly known as Bait and Switch, and Foreclosure Rescues.
The FBI acknowledges that with the industry in turmoil, and mounting pressure to achieve targets that were so easy during the real estate boom, mortgage companies would probably be willing to go to any extent, even if it meant resorting to crime.
Among the issues discussed in the book is what consumers need to question a mortgage company before choosing one. It also reveals the answer to whether you should seek financial advice from your realtor. The book also reveals the truth behind paying upfront for loan modifications and explains the Bait and Switch fraud. Read all about The Take Away and Low Rate Advertisement scam, and get a look at some of the ways of not falling victim to Bad Credit Repair Company scams.
Credentials : Mortgage real estate expert Walt Vieira, author of “The Mortgage Rebel” is President of Riverside Lending & Realty. A regular contributor to Fox Business, Money Magazine, and Good Day New Mexico, Walt is also appeared on several TV and radio interviews across the country. He is also the author of “Mortgage Secrets 6 Steps To the Lowest Rate and Closing Costs... Guaranteed!”
During these troubled economic times and the current mortgage crisis, loan sharks are on the prowl. To avoid mortgage fraud, consumers need to take precautionary measures and make sure they deal with a reputed mortgage company and loan officer. What is worrying is that California seems to be the worst hit in terms of mortgage according to the FBI. Of the hundreds of frauds, modification of loans, advertising at low prices and then luring consumers to other more expensive alternatives ¬– commonly known as Bait and Switch, and Foreclosure Rescues.
The FBI acknowledges that with the industry in turmoil, and mounting pressure to achieve targets that were so easy during the real estate boom, mortgage companies would probably be willing to go to any extent, even if it meant resorting to crime.
Among the issues discussed in the book is what consumers need to question a mortgage company before choosing one. It also reveals the answer to whether you should seek financial advice from your realtor. The book also reveals the truth behind paying upfront for loan modifications and explains the Bait and Switch fraud. Read all about The Take Away and Low Rate Advertisement scam, and get a look at some of the ways of not falling victim to Bad Credit Repair Company scams.
Credentials : Mortgage real estate expert Walt Vieira, author of “The Mortgage Rebel” is President of Riverside Lending & Realty. A regular contributor to Fox Business, Money Magazine, and Good Day New Mexico, Walt is also appeared on several TV and radio interviews across the country. He is also the author of “Mortgage Secrets 6 Steps To the Lowest Rate and Closing Costs... Guaranteed!”