I don’t want to only focus on negative news. However, stories like this only reminds me of why consumers need to work with a qualified and reputable mortgage planner. I suggest reading the entire story and understanding that there are plenty of bad apples out there, but there are plenty of good ones too. So, my advice when it comes to your home loan is do your homework and make sure you are working with someone with a solid reputation.
Lawsuits targeting mortgage schemes: “Dozens of civil lawsuits alleging the gamut of mortgage fraud, from cash-back deals to lying about income on loan documents, have been filed against Valley firms and individuals during the past few months.”