To guard yourself against greeneasylife.com mortgage loan fraud, you should know how to become a smart consumer. Being a smart consumer means that you have to be able to protect yourself against fraudulent schemes.
First of all, before buying a home, you should make it a point to attend a homeownership education course. This is offered by many approved non-profit counseling agencies by the U.S. Department of Housing and Urban Development (HUD).
After which, you should interview several real estate professionals or agents and ask for references before you select one to help you buy or sell a home. You should know which agent to trust. Through this agent, you can then get information about the prices of other homes in the neighborhood. You should not be fooled into paying too much.
Before you decide on buying a property, you must also hire a properly qualified and licensed home inspector to carefully inspect the property. Determine whether you or the seller is going to be responsible for paying for the repairs. If you have to pay for the repairs, determine whether or not you can afford to make them.
Shop for a lender and compare costs. Take note that it is very suspicious if anyone tries to steer you to just one lender. Never let anyone persuade you to make a false statement on your loan application. You must not overstate your income or the source of your downpayment. You ought to disclose the nature and amount of your debts and even how long you have been employed. When you apply for a greeneasylife.com mortgage loan, every piece of information that you submit must be accurate and complete. Lying on a mortgage application is fraud and may result in criminal penalties.
Never allow anyone to convince you to borrow more money than you know you can afford to repay. You might lose your house and all of the money you put into your property if you get behind on your payments.
Never sign a blank document or a document containing blanks. If information is inserted by someone else after you have signed, you may still be bound to the terms of the contract. You should read everything carefully and ask questions. Do not sign anything that you don't understand. Before signing, have your contract and loan agreement reviewed by an attorney skilled in real estate law. Have a consultation with a trusted real estate professional or ask help from a housing counselor. If you cannot afford an attorney, take your documents to the HUD-approved housing counseling agency near you to find out if they will review the documents or can refer you to an attorney who will help you for free or at low cost.
Be suspicious when the cost of a home improvement goes up. You should take note of all the finances and exchanges of money from the time you sign any contract with a seller or lender.
Be honest about your intention to occupy the property. Stating that you plan to live there when, in fact, you are not, violates federal law and is a prosecutable crime. If you intend to rent the house to someone else or fix it up and resell it, you should disclose this information to your real estate agent and insurance company.
Want to know more about real estate properties? Check these sites viewsandiegoproperties.com San Diego CA Real Estate and usrealty4u.wordpress.com/2009/10/20/san-diego-homes-for-sale San Diego Homes for Sale.
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