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Mortgage fraud increase: Watching for the red flags

Monday, April 09, 2018 @ 8:45 AM | By Jesmond Wong

Mortgage fraud is a significant issue for lawyers who practise in residential and commercial real estate transactions. A recent Internet search with the keywords “mortgage fraud” revealed at least four articles from this year, illustrating its increased occurrence.

Mortgage fraud can range from being very simple to being complex with many actors involved.

In a typical mortgage fraud situation, a borrower deliberately misrepresents information to obtain mortgage financing that normally would not have been granted if the true information were presented to the lender, such as...