Friday, March 11, 2011

New Fraud Alert



Many homeowners may not know it, but once you've gotten a loan for your home purchase, that mortgage seldom stays with the same lender. (This is a normal procedure.) As you might expect, a new type of fraud is being played off of this.




In this new scam, someone claiming to be the new owner or servicer of the mortgage mails a letter to the homeowner and instructs the homeowner to now send their payments to a new address.




To avoid falling victim to this type of fraud, the Attorney General's Office is advising homeowners who receive a letter like this to contact the current mortgage servicer (not the number in the letter) to verify that the information in the letter is correct.

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