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Video Transcript

Hello. I’m a special agent with the FBI. And this is A Mortgage Minute for the Average Joe. Today’s topic—making sure the mortgage application you sign is complete and accurate. More than half of the mortgage fraud cases we work at the FBI involve fraud on the mortgage application.

There are lies about how much income the borrower makes, where they work and how much debt they already owe. They also lie about who will occupy the house. Income fraud occurs when the borrower overstates his income in order to qualify for a mortgage. This was very common during the past few years as home values dramatically increased and people bought homes they couldn’t afford.

Employment fraud occurs when the borrower lists his employer as a company he doesn’t really work for. In some cases, it’s a fake company all together.

Another type of fraud occurs when the borrower does not disclose all of his financial obligations, including other existing mortgages, car loans or credit card debts on the application.

Occupancy fraud occurs when the borrower states on the application that they intend to live in the home they are buying when it’s actually an investment property.

So before you sign a mortgage application or any other loan documents, carefully review them to make sure they are complete and accurate. If you become aware of mortgage fraud, you are encouraged to contact your local FBI office and report it.

This segment of A Mortgage Minute for the Average Joe has been brought to you by the FBI.

When Homeowner’s good faith attempts to amicably work with the Bank in order to resolve the issue fails;

Home owners should wake up TODAY! before it’s too late by mustering enough courage for “Pro Se” Litigation (Self Representation – Do it Yourself) against the Lender – for Mortgage Fraud and other State and Federal law violations using foreclosure defense package found at https://fightforeclosure.net/foreclosure-defense-package/ “Pro Se” litigation will allow Homeowners to preserved their home equity, saves Attorneys fees by doing it “Pro Se” and pursuing a litigation for Mortgage Fraud, Unjust Enrichment, Quiet Title and Slander of Title; among other causes of action. This option allow the homeowner to stay in their home for 3-5 years for FREE without making a red cent in mortgage payment, until the “Pretender Lender” loses a fortune in litigation costs to high priced Attorneys which will force the “Pretender Lender” to early settlement in order to modify the loan; reducing principal and interest in order to arrive at a decent figure of the monthly amount the struggling homeowner could afford to pay.

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If you have received a Notice of Default “NOD”, take a deep breath, as this the time to start the FIGHT! and Protect your EQUITY!

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