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March 18, 2009
Lenders and originators can assist borrowers in making the right decisions by educating them on how to avoid mortgage fraud. Passing along pertinent information adds to the value of the service.
The Sun-Sentinel advises borrowers get referrals from friends and family for mortgage professionals. Then check their licenses with local and state regulators.
Other ideas include checking recent comparable sales in the area and tax assessments to verify property value. To check an appraiser, real estate agent or broker license with the Florida Dept. of Business and Professional Regulation, go to www.MyFloridaLicense.com.
Other additional tips can be found at www.StopMortgageFraud.com.
Read story at The Sun Sentinel
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