At least eight states have woken up and seen what is going on the arena of mortgage fraud. The Attorney General (AG) offices for the states of Arizona, Colorado, Illinois, Nevada, North Carolina, Massachusetts, Missouri and Ohio have announced that they are forming a mortgage fraud task force.
The task force will be tackling issues such as equity skimming, bogus foreclosure rescue, straw purchases and unethical lending practices.
The leader of the task force is the Washington Attorney General Rob McKenna. Representatives from the Department Justice, federal treasury, Department of Housing and Urban Development and (HUD) Federal Trade Commission (FTC) will also be involved in combating mortgage fraud as part of the task force duties.
Tuesday, August 25, 2009
Mortgage Fraud Task Force
Posted by Kristie Lorette at 12:34 PM
Labels: how to avoid becoming a victim of mortgage fraud, mortgage fraud task force, stop mortgage fraud
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