Mortgage Scams up 36%: Avoid These 7 Mortgage Traps by Author Walt Vieira

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Consumers should be aware of the Loan Sharks lurking in the waters. Now more than ever consumers need to make sure they are dealing with the right mortgage company and loan officer. Mortgage Fraud is not going away any time soon. Walt Vieira "The Mortgage Rebel", author of Mortgage Secrets 6 Steps To the Lowest Rate and Closing Costs... Guaranteed! reveals what mortgage companies do not want consumers to know. These 7 tips will help consumers save thousands of dollars.

Industry personnel will feel pressure to find alternative methods to match the income they enjoyed during the real estate boom years. Many will be willing to conduct criminal activities to achieve this goal...

Walt Vieira "The Mortgage Rebel", author of Mortgage Secrets 6 Steps To the Lowest Rate and Closing Costs... Guaranteed! reveals what mortgage companies do not want consumers to know. These 7 tips will help consumers save thousands of dollars.

Consumers should be aware of the Loan Sharks lurking in the waters. Now more than ever consumers need to make sure they are dealing with the right mortgage company and loan officer. Mortgage Fraud is not going away any time soon. According to the FBI, Mortgage Fraud is escalating and there seems to be a correlation between fraud and distressed real estate markets, the number one state being California. Scams include, Bait and Switch, Loan Modifications, and Foreclosure Rescues.

"Industry personnel will feel pressure to find alternative methods to match the income they enjoyed during the real estate boom years. Many will be willing to conduct criminal activities to achieve this goal..." - FBI

Avoid These 7 Mortgage Traps

  • The No. 1 question consumers should be asking -- before they choose a mortgage company.
  • Whether you should follow your realtor's advice regarding home financing.
  • Paying for a Loan Modification Upfront
  • The Take Away
  • The Bait and Switch
  • Bad Credit Repair Company Scams
  • The Low Rate Advertisement scam

Credentials: Walt Vieira :"The Mortgage Rebel" is a 12 year mortgage and real estate expert, President of Riverside Lending & Realty and Author of Mortgage Secrets 6 Steps To the Lowest Rate and Closing Costs... Guaranteed! He has been a Fox Business News Contributor and Money Magazine Contributor, and Good Day New Mexico. He has done national TV interviews along with radio interviews across the country.

Availability: National by arrangement and via telephone

Website: http://www.mortgagerebel.com

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