Augusta
VIP Contributor
The thing is that with real estate you can present loan documents to lenders to get funds. But some scrupulous people will want to be dishonest by presenting fake loan documents to get funds from lenders. So this scam comes from borrowers tryi g to give false or inaccurate financial information to lenders In a bid to get maybe better loan interest rates or even more favourable loan terms.
Again, this type of real estate scam also emanates from borrowers that don't they intend to live in a home but will be renting out.
The warning signs to look out with this estate scam are
Looking out for borrowers trying to use P.O. Box addresses on their loan documents
These scammers do accumulate assets that doesn't match with level of their incomes
They do not have any credit history anddo not sign the loan documents.
Again, this type of real estate scam also emanates from borrowers that don't they intend to live in a home but will be renting out.
The warning signs to look out with this estate scam are
Looking out for borrowers trying to use P.O. Box addresses on their loan documents
These scammers do accumulate assets that doesn't match with level of their incomes
They do not have any credit history anddo not sign the loan documents.
