Federal and state law enforcement are cracking down on mortgage fraudsters. In 2009, foreclosure filings were reported on more than 2.9 million properties. Common mortgage fraud scams include property flipping, real estate investment schemes and reverse mortgage scams. Be Your Own Best Advocate: Mortgage Fraud Prevention by BITS, the technology division of the Financial Services Roundtable. The booklet educates consumers about mortgage fraud and gives simple solutions they can use to protect themselves. The number of these types of mortgage fraud continues to rise, along with the number of foreclosures.”]
Source: https://www.cuinfosecurity.com/blogs/mortgage-fraud-education-key-to-prevention-p-515