The Home Equity Theft Reporter: Mortgage Broker, Attorney, Loan Officer Sentenced In South Florida Scam Resulting In $37+M In Fraudulently Obtained Mortgages

Reverse Mortgage Loans. Are you a senior over 62 years of age? You may be eligible to convert part of your home equity into cash from loan proceeds. Instead of making monthly principal and interest payments to a lender, a reverse mortgage loan allows you to receive payments from the lender.

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Unlock the equity in your home through mortgage refinancing! There might be other better usage for that equity-paying off debts or to help with a life At PrestoMortgages, we enjoy helping clients who can’t solve their problems with a regular mortgage broker. Helping those clients is the most satisfying.

HELOC vs. Home equity loan. Consolidate your debt using home equity. Our award-winning editors and reporters create honest and accurate content to help you make the "We encourage victims of both kinds of scams to file complaints with the FTC (Federal Trade Commission), their state attorney.

A mortgage loan or, simply, mortgage (/mrd/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any.

Tampa Loan Officer Sentenced in Mortgage Fraud Case. TBadmin | August 11, 2018. TAMPA – A Tampa man has been sentenced to federal prison for his role in a conspiracy to commit wire fraud, the U.S. Attorney’s Office for the Middle District of Florida said.

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You need a mortgage for a new home purchase or to refinance your existing home loan. It’s easy enough to find a lender, either online or through referrals from realtors, friends If a loan officer is not very knowledgeable, there could be mistakes made resulting in a loan denial or additional conditions.

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You need to obtain a Florida mortgage broker license if you want to operate as a broker or broker branch in the state. Here is what you need to know. You have to complete the state mortgage broker license application through the Nationwide Mortgage Licensing System and Registry (NMLS).

A mortgage broker might be trying to steer you towards some loan programs that pay the highest Working with a mortgage broker in today’s market may not actually provide you with that much benefit. What To Do When Mortgages Default. Home Equity Loans for People with Bad Credit.