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Mortgage Fraud

oboloo Glossary

Mortgage Fraud

Mortgage Fraud – A type of financial crime characterized by deceitful or criminal misrepresentation to obtain a mortgage loan from a lender. Mortgage fraud can include falsifying documents, inflating income or assets, and/or the intent to defraud lenders. This type of fraud is incredibly damaging and puts innocent homeowners at risk; it’s critical for potential borrowers to understand and protect themselves against non-genuine offers.

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