Mortgage fraud is up 17 percent in the last 12 month period and it's not slowing, especially with the recent personal data hack of Equifax. The hack, compromising 145.5 million consumers' credit files, has allowed for the worst kind of fraud - identity theft. A good number of these fraudulent accounts pertain to misrepresentations of down payment funds or intended use of the property.
Why does this matter to you as a buyer?
With the amount of information hackers are able to get their hands on, they can very strategically and deceitfully create fake identities "credible enough to fool banks and other lenders into granting home equity lines of credit and other mortgages" making out with thousands (Kenneth Harney, Miami Herald).
How can you prevent this from happening?
One way is to freeze your credit reports at all credit bureaus. If your credit files are locked down, any identity thief or hacker will find it very hard to take out a new loan in your name.
With seven consecutive years of five-star status in Orange Coast Magazine, The Kurt Real Estate Group is among the elite. No matter where they’ve gone, they’ve set record sales. Whether you’re a buyer, seller, or investor, Kurt and his team work diligently, honestly, and with the utmost professionalism and are passionate about helping you achieve your real estate goals.
Kurt is ranked among the top two percent of Coldwell Banker agents nationwide. Kurt’s experience investing in and flipping homes and his connections with the Hollywood Film Industry give him an unparalleled edge and keen insight into market trends. The opportunity presented to you in working with Kurt is why The Kurt Real Estate Group is recognized as one of the top real estate teams in Orange County.
Home insurance helps protect you from any major repairs that you might
"Working with Kurt on buying our new home was fantastic!!! He took great care of us through the entire process, going over and beyond the call of duty. Having worked with some other agents in the past, it was easy to see Kurt's knowledge and professionalism were on a different level. I would highly recommend using his services! 5 Stars +++"