Mortgage Scams up 36%: Stay away from These 7 Mortgage Traps by Author Walt Vieira

Albuquerque, NM (PRWEB) September 25, 2009

Walt Vieira “The Mortgage Rebel”, author of Mortgage Secrets six Measures To the Lowest Rate and Closing Charges… Assured! reveals what mortgage businesses do not want shoppers to know. These 7 suggestions will aid buyers save thousands of dollars.

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Shoppers need to be aware of the Loan Sharks lurking in the waters. Now more than ever consumers require to make positive they are dealing with the right mortgage organization and loan officer. Mortgage Fraud is not going away any time quickly. According to the FBI, Mortgage Fraud is escalating and there seems to be a correlation between fraud and distressed true estate markets, the number a single state being California. Scams consist of, Bait and Switch, Loan Modifications, and Foreclosure Rescues.

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“Sector personnel will really feel stress to discover alternative techniques to match the income they enjoyed during the actual estate boom years. Numerous will be prepared to conduct criminal activities to accomplish this purpose…” – FBI

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Avoid These 7 Mortgage Traps &#13

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The No. 1 question buyers need to be asking — just before they decide on a mortgage organization.&#13
No matter whether you must adhere to your realtor’s guidance relating to home financing.&#13
Paying for a Loan Modification Upfront&#13
The Take Away &#13
The Bait and Switch&#13
Bad Credit Repair Business Scams&#13
The Low Rate Advertisement scam

Credentials: Walt Vieira :”The Mortgage Rebel” is a 12 year mortgage and real estate professional, President of Riverside Lending &amp Realty and Author of Mortgage Secrets 6 Measures To the Lowest Rate and Closing Fees… Assured! He has been a Fox Organization News Contributor and Funds Magazine Contributor, and Great Day New Mexico. He has done national Tv interviews along with radio interviews across the nation.

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Availability: National by arrangement and by way of telephone

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Internet site: http://www.mortgagerebel.com

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