Search results
Results from the WOW.Com Content Network
—Report the scam to one or more of the following entities: the Federal Trade Commission, the Consumer Financial Protection Bureau, HUD's Office of the Inspector General Hotline, and the U.S ...
A regulated developer is to provide each purchaser with a disclosure document called a Property Report. The Property Report contains relevant information about the subdivision and must be delivered to each purchaser before the signing of the contract or agreement and gives the purchaser at a minimum a 7-day period to cancel the purchase agreement.
The U.S. Department of Housing and Urban Development Office of Inspector General (HUD OIG) is one of the Inspector General offices created by the Inspector General Act of 1978. [1] The Inspector General for the Department of Housing and Urban Development is charged with investigating and auditing department programs to combat waste, fraud, and ...
Critics said that the department's lax oversight of their program allowed the fraud to occur. [31] In 1997, the HUD Inspector General issued a report saying: "The program design encourages risky property deals, land sale, and refinance schemes, overstated property appraisals, and phony or excessive fees."
Title theft is when a fraud uses a home owner’s title and information to make a deed in their name according to Forbes. This can expose homeowners to foreclosures or credit damage because of a ...
A separate HUD report issued last April found the authority's bank statements and internal books were millions of dollars apart. Staff couldn’t produce receipts to explain credit card expenses.
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
We want AOL users to enjoy their time on our platform, and we provide various tools and standards to allow you to make the most of your experience. If you encounter abusive or inappropriate conduct by others on AOL, we encourage you to report the offense so we can ensure that action is taken. Unsolicited Bulk Email (Spam)