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.
Buying a house is a big moment in your life, whether it’s a first ti
"Liz helped us recently with the purchase of a new house and the sale of our old one. She was exceptional throughout both transactions, always on top of things, clearly communicating progress, providing expert advice and support when needed. Liz has a very high real estate IQ and her unique approach to buy/sell strategy delivered results for us that far exceeded expectations. She also made
a potentially painful process, not only easy, but actually fun! We will definitely work with her again.