Cash-Back Mortgage Fraud

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Cash-back mortgage fraud occurs when the property owner artificially inflates the value of their real property to obtain a more substantial loan against the property

The lender does not know that the value of the property was illegally inflated. Consequently, the lender lends too much, and the buyer pockets the overage or splits it with other participants.

This scheme requires appraisal fraud to deceive the lender. “Get Rich Quick” real-estate schools like Trump University taught these types of tactics to their students under the guise of free market capitalism.

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Cash-Back Mortgage Fraud