Location: Mortgage and Financing

Discussion: Identity Theft and Mortgage FraudReported This is a featured thread

Category: Discussion Forum / General Discussion
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wifihead
Identity Theft and Mortgage Fraud
Apr 29 2008, 4:49 AM EDT | Post edited: Apr 29 2008, 4:49 AM EDT
As a technology consultant I have lectured hundreds of students and parents on how to prevent ID theft. Technology has made it ever so easy to duplicate documents. Even governments in their clandestine operations create false identities. Joe Public however needs to be aware of the impact this crime has on people around the world. In the latest twist on ID theft, homeowners are surprised to find that thieves have not only stolen their IDs and other personal information, but have used it to open home-equity loans or, in some extreme cases, sold the home without the homeowner's knowledge. There are reported incidents of thieves obtaining mortgages on other peoples houses, taking the money and having innocent victims evicted. Buyers need to be knowledgeable and demand protection of confidential documents when dealing with lenders. Do you find this valuable?    

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