18 Dec 2007 08:20 am
YouTube Video Explains Mortgage Scams
The nation’s largest investor in residential mortgages has decided to air an Internet video about foreclosure fraud. Recent website traffic counts found that the Internet is the first place one in four mortgage delinquent homeowners go for mortgage information. Unfortunately, Internet searches can send consumers into the hands of con artists whose only desire is to steal their home equity. Freddie Mac’s two-minute “Avoid Fraud” video dramatizes a common foreclosure fraud scheme and demonstrates the game the scam artist plays to get at your equity.
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