Showing posts with label scams. Show all posts
Showing posts with label scams. Show all posts

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.