How This Fraud Works And What You Can Do About It

By Odessa Dessi

One of the most dangerous scams in recent years is the babysitting and Au-Pair positions. Advertisements are listed on various media offering these positions, almost always overseas. Good wages, air fare, and other enticements are offered.

The advertisements usually contain a contact phone number and request for a resume. The average resume contains a tremendous amount of personal information so great care should be exercised when submitting this document. It can be used as a convenient vehicle for identity theft.

As you get interviewed for these kinds of jobs, you'll typically find your interviewers to be impressive, cultured, and well-dressed, giving you the impression that the job is easy and well-paying, and paints the country as a great place to be. The demographic they go for are attractive women who don't have close ties with family.

They advertise for a native speaker from another country with the excuse that they want to raise their children with another language besides their own. It may or may not be the case. These interviews give a good opportunity for the prospective employee to pose questions that encompass all aspects of the job in addition to answering personal questions. Most scammers are reluctant to give direct answers and if this is the case the job should be avoided.

These positions appear perfect to young women looking for travel and adventure. Sometimes these women are in virtual bondage to the family and kept in squalid conditions. It is not unheard of for an individual to be sold into white slavery.

Women who come to a country without much money in the hope of such a job are at their employer's whim. As a result, you should research the company that is offering to hire you. tele-search.com/New-Mexico/Taos/505/295.htm and other such telephone look-up services can help you figure out the validity of the caller that you are communicating with, and to see if the job is legitimate.

Another scam with babysitting and Au-Pair job offers is to ask for money for the airfare. This is often under the excuse that it would be a problem for the person to get into their country but they, the employer, can make arrangements with no problem. Of course, with money in hand, the scammer disappears.

In the event that you've determined that it's a real job that you're applying for, cover your bases by recruiting a friend to check up on you in the event that they don't hear from you for awhile. Once you get to the foreign country, contact the embassy of your country before you meet your employers, so they know that you exist and are there. When you're in a foreign land, you should be extra careful to protect yourself. - 31381

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To find out more about reverse phone look up services that help prevent frauds, visit tele-search.com/Utah/Pleasant-Grove/801/769.htm

How This Scam Works And What You Can Do About It

By Odesi Desko

Hitman scams are a somewhat recent phenomenon in the world of con artists. More and more instances of these scams are occurring, and people have to find out what they can do. It's easier than ever to acquire email addresses of people that you don't know, which scammers use to their advantages.

The victim receives an email from the con artists stating that a contract is out on their life, but due to their guilt they're willing to let you go and not go through with it, provided you pay them off. The recipient of the email is often surprised and horrified at this. If someone actually believes this scam, it can cost them thousands of dollars.

This type of criminal plays on people's fears. Watching modern television shows one sees hitmen hired who kill people for seemingly foolish reasons. This does not, as a rule, happen to the everyday person, especially when they have done nothing to warrant such a threat.

There are people who are terrified, however, and immediately send the amount of cash that has been requested. Other people contact the authorities, who handle this type of situation professionally. If you ever receive a threatening e-mail like this, contact the authorities.

There's a variant of this scam that comes in the form of an email claiming to be from a police department. The email states that your name is on a list for potential murders or attacks. Personal information is then solicited from the recipient. All this serves to do is give the scammer all the means to steal your identity. As a result, you should use info-trace.com/area-code-719.jsp or another telephone look-up service to verify the validity of these callers or email senders, so you can rest assured that it's a scam.

The personal information gleaned from the victim can be used to clear out the bank accounts and credit cards of the person, robbing them of all their money. The victim's credit record is a complete loss, and they become absolutely broke with no funds to speak of.

It is expected that this scam will become more prevalent as time goes on. A way to prevent this is to refuse to open any e-mail where the sender is not known. Even if the e-mail seems to be from a well-known company, if not doing current business with them, the best advice is to delete that e-mail without opening it. Scammers are now altering well-known business names such as WalMart and Yahoo in order to gain access to users' accounts.

Your email is meant to be just as private as your snail mail, so keep that in mind. Despite the fact that scammers can find your email through the proper technology, they can't get to you unless the email is opened. Just delete any suspicious emails to avoid Hitman scams and any other type of fraud. - 31381

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To learn more about reverse phone look up services that allow to track scammers, go to info-trace.com/area-code-503.jsp

How Those Scams Work And How To Protect Yourself

By Odesi Desko

This particular scam has its origins in the 1500s, where thieves took advantage of many victims and left them without any money. Due to how it started, it's known as the Spanish Prisoner. Apparently, the powerful nature of Spain left it with a lot of enemies, leaving suspicions high. Scammers would tell victims that a member of Spanish royalty had been taken prisoner, and bribes would be required to release them. By offering their money to release the reward, not only would they be promised large rewards, but a princess would be offered as well.

As with any con it required some research in order to only contact "soft" yet financially solid targets, as well as a demeanor that's hard to duplicate. This type of conman can sell anything to anyone and get away with not only the money, but with the mark not initially realizing they've been duped.

This type of confidence game continues today, but can take various forms. As always it relies on confidentiality, mystery, and a feeling that a great deal is at stake. They play on the fact that, at heart, people want to save the world and come out financially well-off in the process. As the con continues, more and more money is harvested. Eventually the mark has invested so much they can't pull out without risking losing it all, which they do in the end anyway.

A modern variety of the Spanish Prisoner is the 419 fraud, also known as the advance-fee fraud. The rise of the Internet has made this a very popular and easy scam. Names of potential victims are taken from e-mail headers, which often include the last name. The scammer then alleges to be a relation because of course he has the same last name.

The initial Internet approach may be followed by another contact with an involved, complex fabrication, and a course of action is arranged. This is the reason a telephone look-up service such as info-trace.com/9xx.jsp should be used to confirm the caller's identity. Today there are several frauds with numerous modifications patterned after the Spanish Prisoner.

The advance free fraud is another variation with a lot of offshoots, where the basis is that the mark has to pay the scammer money to theoretically get money. People who have too much trust for things they read online have been duped by the lottery email, work from home, reshipping, employment, overpayment, and romance scams, leaving them destitute because they believed a lie.

There are many other ways to protect one self from scammers besides using telephone look-up services like the one previously mentioned. One is to delete any emails which come from unknown parties. It's important to remember that once opened, scammers can gain access to an entire address book with the touch of a button. With enough persistence eventually they will hit a soft mark and it all starts with one person opening an unknown email.

If such an e-mail is accidentally opened, poor spelling and grammar, or an offer of free gifts or exorbitant sums of cash that can be obtained by sending a small sum of money, or opening an empty checking account, are clues that it is a scam attempt. There is no global Internet law enforcement, but several individual countries, with the aid of those who have been scammed, are attempting to locate and terminate these fraudulent groups. If we all work in concert, this plague can be wiped out. - 31381

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To find out more about telephone look ups that help prevent frauds, visit info-trace.com/area-code-256.jsp

Being a Target of Identity Theft is Wretched

By William Wilkie

Several million North Americans and billions of persons around the globe are targets of identity theft each year. These targets need to spend a year or more and in the region of $850 to clear their names and re-establish their credit rating.

Seeing as identity theft does not show any signs of being stopped soon, early recognition is the only key that can impede you from becoming a victim. Consequently, you wouldn't want someone messing around with your credit score that you have labored so hard for, or realize that your savings account has been drained and your credit cards maxed out.

For an identity thief, getting your personal information is easy enough. It can be as innocent as somebody looking through your garbage, thieving mail from your mailbox, looking over your shoulders while you enter your pin numbers at an ATM, or sending e-mails that look as if it is from a legitimate company and next sending you to a phishing web site to gather your private data.

Data that identity thieves search for is your Social Security Number, complete name and address, account and credit card numbers, plus further personally identifiable information. After they obtain all your personal details, these identity thieves can afterward commit identity fraud or further crimes in your name.

Following are some sure signs that you're an identity theft victim.

When examining your credit reports, you observe that there are some additional charge cards from businesses you do not have a financial connection with.

Debts are starting to display on your reports and you find yourself being refused new credit.

You are receiving bills from new credit card accounts that you didn't open.

You notice a number of charges in your credit card statement that you didn't even authorize.

You're receiving phone calls from debt collectors that you know naught about.

You may not know it up till now but you could be an identity theft victim already. If you are starting to observe these things and you imagine that there is fraud concerned, you ought to report the identity theft at once. At the outset you have to report the incident to the fraud department of the three credit bureaus, next report the crime to your local law enforcement officials, and finally you will have to keep an eye on your credit reports at least once every month.

In order to avoid becoming an unknowing victim of identity theft, you must make certain that you take several safety measures.

Credit Cards - Firstly keep an eye on your credit card statements carefully; better still is to change from paper statements that you just receive once a month to an online paperless report that you can check often. Consider that a thief does not need your physical credit card to make purchases; they only require your credit card number, full name, expiry date, and the 3 digit security number on the backside of the card to effect purchases by telephone or online.

Bank Accounts - The same is true for your bank account statements; examine them and also switch over to online statements.

Credit Reports - Acquire your credit reports as a minimum once a year and check every last detail on them to look out for any suspicious activity. Since you can obtain free credit reports from each of the three credit reporting bureaus once a year, solicit one every 4 months from a singular bureau every time.

Becoming a victim of identity theft is a dreadful experience; identity thieves may be spending all your money to purchase luxury possessions and you are the one that has to pay the bills. Not only are they getting a hold of your money that you labored so hard for, they are additionally destroying your credit rating that took you years to amass. - 31381

About the Author:

Prior to becoming the next victim of identity theft, visit William's website where you will learn techniques for Protection against Identity Theft and learn about the advantages of a reliable Identity Theft Protection Service.

Important Data About Scams and Prevention

By Odesi Desko

There have been few scams that have yielded as much money as the Lottery scam. In the past, scammers used snail mail to contact their victims; now email directories and spyware are the new ways to get marks for their schemes. The victim will typically receive notification that they've won a sweepstakes that will yield a great amount of money.

There are a lot of professional criminals who have their method down. They might even have global networks of criminals who have several workers who spend entire days emailing or snail mailing potential marks with this offer. Thousands of forms are sent out on a daily basis.

These groups also have cell phones with the name of the victim being scammed and the name of the supposed correspondent. This way, when talking to the victim, the scammer knows which names to use and what lies to tell. This makes it seem as if they are truly authentic and that's why it's important to use telephone services such as info-trace.com/area-code-419.jsp to ensure that he or she are who they claim to be.

With the Internet in practically every home and people using e-mails, Facebook, and other means of communication, it is very easy for someone to make contact through a person's personal e-mail or home address. It is also possible for them to put a type of spy virus on a computer in order to access passwords as well as financial information. A wise decision is not to open an e-mail if the sender is unfamiliar.

If the initial lottery scam letter or e-mail prompts a victim to respond, there will be a subsequent letter sent to the victim. This follow-up letter will explain that in order to claim their winnings, the victim must first pay specific fees. Unfortunately, there will be innocent victims who will respond by sending the requested fees, and then, they will not hear from these scam artists again; unless the criminals feel that they can convince the victim to give them even more money.

There are also lottery scams that are just openings to acquire information for identity theft. They'll say that, in order to get the money, you have to verify some information. Identity theft can occur once that have this data on you. If a victim has this happen to them, they don't get the matter resolved for months, and by then they have no money left in their accounts.

You have to be careful any time you have this type of situation on your hands. For the most part, you can count on whoever is promising you lottery money to not be on the level.

If you should happen to receive an e-mail or letter claiming that you have won a lottery, there are a few things that you need to consider. First, in order to win a lottery, you must have bought a ticket. Secondly, it is common for lottery tickets to be sold to citizens of the respective countries only. Finally, lottery winners receive their notification through UPS or Fed Ex only, never letter or e-mail. Although we would all like to become extraordinarily wealthy overnight, you must not let this desire, outweigh your good judgment. - 31381

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To learn more about the phone look up service which can help you prevent frauds visit info-trace.com/area-code-403.jsp

Popular Scams Information And Prevention Methods

By Odessa Dessi

Check cashing fraud is rampant and has been very difficult for authorities to curtail. With the advancement of copy machines it is easy for a dishonest person to alter or create a check look-alike and then make copies that looks authentic. The use of counterfeit checks are seen most often in at-home businesses, on ad sites, and elsewhere through international contact made on the Internet.

Identification of a check cashing fraud is fairly easy in that one will be asked to deposit a check through their banking account for a larger amount that required then to forward the extra cash via Western Union or some other money transfer site. This can be advertised as a work at home job, rental, or the sale of an item or service.

For the most part, you can't really tell it's a fake check until the bank can verify it to be counterfeit, which doesn't happen until it's deposited, and you can't contact the other person. Since international funds often get held for a long while, you can deposit a number of checks and withdraw cash without anyone being the wiser until the week or so it takes to verify the check.

Those who defraud others using bank accounts are very creative when it comes to accessing information. Once money is sent through a money transfer site, much personal information is shared which can be utilized to create counterfeit forms of identification as well as banking information which can be used to clean out an account.

As we touched on earlier, these scam artists like to utilize work at home ads to lure their prey. One of these fake work at home jobs may require an individual to deposit international company checks, keep your payment of 10% for your pay, and send the rest of the cash back to the company. One such scam operates under the name WalMart, INC., which has no affiliation with the WalMart stores that that most of us shop at regularly. Check cashing scammers will also use sites such as Careerbuilder.com, Craiglist, and Gadgets Ltd., as a vehicle to contact victims, so you must be sure to always carefully investigate any apparent opportunity.

There are many scams currently going on with check fraud. One of the scams regarding check cashing has occurred with people being contacted and told they have won, or come into, a large amount of money. They are told that a money order or cashier's check will be sent for more than the amount they are to receive. They are asked to send back the difference through a wire transfer site immediately.

The con artist's objective in a check cashing scam, is to gain vital information from a bank, that will allow them to access the bank account and withdraw all funds, while simultaneously convincing their innocent target to accept counterfeit checks in exchange for cash. You can protect yourself from check cashing fraud by being able to identify people calling you through the use of telephone look up services such as tele-search.com/Nebraska/Clarks.htm, so that you can know who is behind that call or check.

There is an agency known as World Law Direct, who handle cases of international check cashing fraud, so if you fear that you may be a victim of this crime, you may contact this unit, but their response time may be up to several years. And, after waiting for justice, you will likely find that none of your money will be returned. - 31381

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To find out more about the reverse phone search service which may help you prevent frauds go to tele-search.com/Colorado/Pueblo/719/595.htm

Vital Information About Scams and Protection

By Odesi Desko

The phenomenon of check cashing fraud increases in frequency every day, and authorities have a hard time curbing it. Now that copy machines are more available and print at a higher quality than ever, scam artists have no problem with creating a phony check and copy it. Counterfeit checks are typically used on ad sites, international Internet sales, or businesses that are based out of someone's home for the most part.

Identification of a check cashing fraud is fairly easy in that one will be asked to deposit a check through their banking account for a larger amount that required then to forward the extra cash via Western Union or some other money transfer site. This can be advertised as a work at home job, rental, or the sale of an item or service.

For the most part, you can't really tell it's a fake check until the bank can verify it to be counterfeit, which doesn't happen until it's deposited, and you can't contact the other person. Since international funds often get held for a long while, you can deposit a number of checks and withdraw cash without anyone being the wiser until the week or so it takes to verify the check.

Getting the right information from those they want to defraud has become an art form to the scam artist. Using a money transfer site requires you to enter personal information which can be captured and used for the purposes of making all kinds of counterfeit checks and identification for the purposes of emptying the victim's account.

As we touched on earlier, these scam artists like to utilize work at home ads to lure their prey. One of these fake work at home jobs may require an individual to deposit international company checks, keep your payment of 10% for your pay, and send the rest of the cash back to the company. One such scam operates under the name WalMart, INC., which has no affiliation with the WalMart stores that that most of us shop at regularly. Check cashing scammers will also use sites such as Careerbuilder.com, Craiglist, and Gadgets Ltd., as a vehicle to contact victims, so you must be sure to always carefully investigate any apparent opportunity.

There are many scams currently going on with check fraud. One of the scams regarding check cashing has occurred with people being contacted and told they have won, or come into, a large amount of money. They are told that a money order or cashier's check will be sent for more than the amount they are to receive. They are asked to send back the difference through a wire transfer site immediately.

All this does is give the scammer the personal information that you provide on your bank info through the wire transfer service, this allowing them to empty your accounts; otherwise, they may just be ripping you off for the money you take out of your account. As a result, you should use info-trace.com/exchange-956276.jsp or another telephone look-up service to investigate whatever phone number they give you and see if they've had a history of scamming others the same way they want to scam you.

If you think you are in the middle of a check cashing scam, you should contact World Law Direct, but sometimes it can take a few years to work through a single case. When all is said and done, you may never see that money again. - 31381

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To find out more about reverse phone look up services that allow to track scammers, visit info-trace.com/exchange-956276.jsp

Help Prevent Health Care Fraud

By Adriana Noton

Not everyone is good and honest. People who commit health care fraud hurt us all in one way or another. You can help prevent health care fraud by going to the proper authorities if you suspect anyone of committing this type of crime. This is a crime that affects everyone in the United States of America and should be completely wiped out. But instead of getting better it seems to be getting worse.

Each day you are affected in many ways without ever being aware of it. This type of fraud raises insurance premiums and hurts every one. For ever fraudulent claim a company pays out on they have to raise rates for others to recuperate that money. It's extremely unfair but the companies see no other choice.

Fraud on government run programs may be even worse. Not only do we pay for these programs with our tax dollars but it may mean others can't get the help they need. Children may not get proper medical care because adults have used the money that should have gone to them. There is also the possibility that the programs will not be available forever.

Fraud on government programs also leads to stricter rules and regulations. Pain medicine may not be available to some because of a select few who abuse these medications. Procedures that may save lives may not be covered because of fraudulent activity. People suffer because of those in our world who abuse the system.

Those who provide health care may be just as guilty as anyone else. There are times when bills are padded and procedures are charged for that were not preformed. Every time this happens it is fraud. If you ever notice charges on your bill you don't understand it is you duty to question those charges and help prevent this from taking place.

This type of fraud can be very hard to prove. What one doctor considers unnecessary another may think is very necessary. Who are we to judge? Unless you have access to the doctors records and know why he ordered the tests as he did then you really can't know for sure if the procedure was legitimate or not. You may be able to prove if the procedure wasn't done though.

There is also medical identity theft. This is another growing concern in medical care fraud. One person may use another identity to access their health care coverage or run up medical bills in their name. They may also use another identity to get narcotics without using their own name. This can be dangerous as well.

Fraud of all types is a growing problem in our society. It takes each and every one of use to help prevent fraud. Due to fraud it is very possible that programs people in this country rely on could be discontinued or at least cut back to such a degree that it could ultimately cost lives.

Help stop fraud today. Always know what is in your medical file and what services have been billed to your medical coverage. Report any suspected fraud to the proper authorities. - 31381

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Be sure to get yourself a trustworthy criminal attorney Fort Lauderdale for fighting criminal cases in the state of Florida. criminal lawyer Fort Lauderdale are adept in defending clients charged with diverse crimes.

How Health Care Fraud Affects You

By Adriana Noton

People always look for ways to get something for nothing. This may be even truer in cases of health care fraud. This affects each and every person in the United States in a number of ways. If you know of anyone committing any type of health care fraud then you should report them to the proper authorities right away. Help protect your family and everyone in America by helping to wipe out this type of fraud. A criminal attorney in Fort Lauderdale or even a criminal lawyer may be needed.

Fraud within the health care system raises insurance prices. For every claim insurance companies pay that are fraudulent we pay higher premiums. It may not be fair but this is exactly what happens. The premiums are raised so that companies can recuperate money that has been paid out to those who shouldn't have received it to begin with.

Health care fraud within the government has an even bigger affect. Not only do your tax dollars pay for this but it means that care may be taken away from those who deserve it and are in desperate need. Imagine children not being able to receive care they need because an adult is getting free care simply because they don't want to work.

This type of fraud also leads to stricter policies and regulations. Medicine that is needed may not be available to some people because a select few abuse it. Pain medicine is the most widely regulated due to people with addictions. This in turn means that some people may suffer in pain due to not being able to get the proper medications.

Of course it isn't just individuals who commit fraud. Doctors and hospitals are involved as well. Some may submit bills for services they didn't provide. Some doctors and hospitals have even gone as far as to create ghost patients. Often times this could be as simple as performing procedures that are not necessary.

Some of these types of fraud are very hard to prove. Unnecessary procedures, for instance, may be the hardest to prove. What one doctor considerers unnecessary another can argue is perfectly legitimate. Unless you have access to the doctor's records and know exactly what his orders were then there may be know way of knowing if fraud was committed.

Health care fraud also occurs through medical identity theft. This occurs when a person uses another persons insurance to receive health care service. This may occur because the person is uninsured or simply doesn't want to use their own insurance. This could even be so the person can receive narcotics without using their own name.

Fraud is a growing problem in our society. It hurts every honest person in one way or another. Because of fraud it is very possible that some of the programs we rely on could be discontinued. If these programs are taken away it could cost innocent lives.

If you know anyone who is guilty of health care fraud then there are places you can report it to. You never even have to give your name. Help stop fraud and you can help make help insure health care is available for all who need it most.

Fraud within the health care system raises insurance prices. For every claim insurance companies pay that are fraudulent we pay higher premiums. It may not be fair but this is exactly what happens. The premiums are raised so that companies can recuperate money that has been paid out to those who shouldn't have received it to begin with.

Health care fraud within the government has an even bigger affect. Not only do your tax dollars pay for this but it means that care may be taken away from those who deserve it and are in desperate need. Imagine children not being able to receive care they need because an adult is getting free care simply because they don't want to work.

This type of fraud also leads to stricter policies and regulations. Medicine that is needed may not be available to some people because a select few abuse it. Pain medicine is the most widely regulated due to people with addictions. This in turn means that some people may suffer in pain due to not being able to get the proper medications.

Of course it isn't just individuals who commit fraud. Doctors and hospitals are involved as well. Some may submit bills for services they didn't provide. Some doctors and hospitals have even gone as far as to create ghost patients. Often times this could be as simple as performing procedures that are not necessary.

Some of these types of fraud are very hard to prove. Unnecessary procedures, for instance, may be the hardest to prove. What one doctor considerers unnecessary another can argue is perfectly legitimate. Unless you have access to the doctor's records and know exactly what his orders were then there may be know way of knowing if fraud was committed.

Health care fraud also occurs through medical identity theft. This occurs when a person uses another persons insurance to receive health care service. This may occur because the person is uninsured or simply doesn't want to use their own insurance. This could even be so the person can receive narcotics without using their own name.

Fraud is a growing problem in our society. It hurts every honest person in one way or another. Because of fraud it is very possible that some of the programs we rely on could be discontinued. If these programs are taken away it could cost innocent lives.

If you know anyone who is guilty of health care fraud then there are places you can report it to. You never even have to give your name. Help stop fraud and you can help make help insure health care is available for all who need it most. - 31381

About the Author:

Are you a victim of health care fraud? If you are looking for a criminal attorney in Fort Lauderdale to help you fight this fraud, look no further! We have many criminal lawyer in Fort Lauderdale who are ready to provide their help for you right now!

Mortgage Fraud In The U. S.

By Adriana Noton

Mortgage fraud is an ever increasing problem. You will always have honest people trying to make a good living in real estate. But you will also have those who are trying to cheat their way to a good property deal. You want to be aware of the scams people try to get by with. You may even need a criminal attorney (Fort Lauderdale). When you are aware of the traps and the tricks you are better prepared to protect your interest. Here are some to look out for.

Property flipping is a legal practice until wrong doers try to take advantage of the system. One way they do this is to get appraisers, who they will give a kick back to, to wrongly appraise the land to be purchased. The person who is making the illegal deal will get employees from title companies involved, loan brokers, and property investors to go with him on the illegal deal. He will give them all kick backs when the deal is finalized and he has made a big profit.

For example a property could be correctly valued at $20,000 but the appraiser submits a value of $90,000. Then there is the silent second. This is where the buyer borrows the down payment amount from the seller by issuing a second mortgage but does not disclose this. The primary lender thinks the buyer is investing his own money for the down payment.

However the truth is that the funds are borrowed. The second is not recorded thus the primary lender of funds is unaware of it. Then there is the nominee loans, straw buyer. This happens when the identity of the borrower of funds is kept hidden and a nominee allows the borrower of funds to use his name and credit report for the loan application.

Also you have the stolen identity issues which can be used on the application. The one applying for the loan is probably in on an identity theft crime where the real person is not aware that his identity has been stolen and is being used for a loan application.

And there is the inflated appraisal where the one doing the appraisal colludes with the funds borrower and submits an appraisal to mislead the lender. The false appraisal reports an inflated value. With the foreclosure scam the schemer looks for home owners who are in danger of defaulting on their home loan or for those in the foreclosure process already.

The schemer tricks the home owner by convincing him that he he can save their home if the property owner transfers the deed and that he pays the up front costs. The schemer makes his profit by remortgaging the land and taking the money the owner paid.

A straw buyer is used in equity skimming. The scam involves using false income verification reports and misleading credit reports to get a loan for the property. The name of the straw man is used. Before the close of escrow the buyer turns over the land to the perpetrator with a quit claim deed and turns all land rights over and provides no title guaranty. No payments are made on the loan and the investor waits for it to go into foreclosure after renting the land out for the months it takes for the land to be foreclosed. - 31381

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Are you a victim of mortgage fraud? If you need to hire a criminal attorney (Fort Lauderdale) or criminal lawyer (Fort Lauderdale), look no further! We make it our mission to make a difference in protecting your rights.

The Mortgage Fraud Crisis

By Adriana Noton

In the United States mortgage fraud is a problem on the rise. Every home owner wants their home equity to be larger than the loan on their home. With the latest property craze in the house market there are some who try to take advantage of the market and make a fast profit. Here are some mortgage scams to be wary of.

Property flipping is the first. This happens when property is purchased, the property is incorrectly appraised for an inflated price and then quickly sold. The incorrect appraisal is what makes this practice illegal. The practice almost always involves fraudulent land appraisals, phony loan documents, inflation of the buyers income, kickbacks to the buyer, investors, property or loan brokers, the appraiser and title company personnel.

Let us say a house worth $50,000 might be appraised at $100,000 or more in such an illegal practice. Next is the silent second, as it is known. This happens when a buyer of property borrows the funds to make a down payment from the person selling the land by issuing a second mortgage but does not disclose it. The primary lender of funds believes the person borrowing is actually investing his own money for the down payment.

However, the truth is that the money is borrowed. The second mortgage may not be recorded so the primary lender of funds is unaware of it. Then there is what is known as the nominee loans and straw buyers. This occurs when the borrower's identity is hidden and the nominee allows the borrower use her name and her credit report on the application for the loan.

Also there is the fictitious or stolen identity issue which may be placed on the application for a loan. Possibly the applicant is involved in a theft of identify scam where the real man or woman is unaware his or name, personal information, and credit history is being used for an application for a loan.

There is the inflated appraisal. The appraiser is conspiring with the borrower and sends in an appraisal to mislead the lender. The false report from the appraiser lists a value that has been inflated. In a foreclosure scam the schemer looks for home owners who may default on their loan or for those home owners already going through foreclosure.

The scam artist fools the homeowner telling him he can save his property if they agree to transfer the property deed and if they pay the up front charges. The scam artist makes cash from these scams by remortgaging the property and taking the money the owner paid. The most common foreclosure tricks are the phantom help, the bust out, and the bait and switch.

The equity skimming scam involves an investor who uses a straw buyer. He uses misleading income records, and incorrect credit history records to obtain a loan in the straw buyers name. Before escrow closes the straw buyer signs the property over to the investor with a quit claim deed which turns over all rights in the property and provides no guaranty of title. The investor makes zero loan payments and then rents out the property until the property is foreclosed on months later. - 31381

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