<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Buying or selling a property involves many partakers and a lot of money, providing both chance and reason for mortgage fraud. Buyers should be aware that it is a crime to provide false or wrong information when applying for a home loan. If somebody in the lending process facilitates you to &quot;fudge the truth,&quot; they are not looking out for your best interest. </span></span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">You could end up in trouble. The final step of closing on your new home deal can be difficult. The excitement, stress, and peak of paperwork can make it challenging to think through every decision slowly. Fraudsters tend to strike and trick you into wiring money into their account.</span></span></span></span></span></p>

<h2><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">What is Mortgage Fraud?</span></span></span></span></h2>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Fraud is planned deceit and scam: One party fools another by falsifying information, points, and figures. So, mortgage fraud is not just hunting lending practices that target specific borrowers. </span></span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Housing or mortgage fraud intends to occupy a property as a primary home. Investors who defraud via rental properties or commit appraisal fraud when reversing homes.</span></span></span></span></span></p>

<h2><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">You Can Take Some Things to Avoid Becoming a Victim of Mortgage Fraud</span></span></span></span></h2>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Some mortgage fraud is conducted without the buyer&#39;s ability or knowledge. These kinds of fraud include:</span></span></span></span></span></p>

<ul>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Applying a stolen identity to purchase real estate</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Equity skimming</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Fraudulent checks</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Utilizing falsified deeds and documents to convey title to a property and then taking out a mortgage on it</span></span></span></span></span></li>
</ul>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Consult a real estate lawyer if you are concerned about mortgage fraud.</span></span></span></span></span></p>

<h2><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Common Ways to Avoid Falling into the Mortgage Fraud Trap</span></span></span></span></h2>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Fraudsters may be looking for ways to target accessible lawyers. Here are some common ways to avoid falling into a mortgage fraud trap.</span></span></span></span></span></p>

<h3><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">1. Know Your Client</span></span></span></span></h3>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">It&#39;s essential to know that just because the client found you on a request from a realtor&#39;s friend doesn&#39;t mean you can fully relax and trust them. Do your homework and stick to Client Verification rules. Ask yourself:</span></span></span></span></span></p>

<ul>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Do they have a proper ID?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">How much do they know about the property in question?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Do they seem nervous about getting the deal done quickly?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Do they give last-minute instructions to finish the transaction through power of attorney? Take time to know your client and ask questions. Find their background, understand why they enter the transaction and meet personally with clients whenever possible.</span></span></span></span></span></li>
</ul>

<h3><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">2.&nbsp; <span style="font-size:18px">Make Sure the Documents Check Out</span></span></span></span></span></span></h3>

<ul>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Is there an anomaly in the documents, such as documents taken out of the office? For execution by the borrower and witnessed by a party to the transaction?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Are there multiple transactions with similar features, such as the same realtor and mortgage broker?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Do the Lender&#39;s talks have different details than you have &ndash; such as asset price, owner occupancy, and down payment?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Does the Statement of Adjustments match the real estate purchase contract?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Does the title show recent property transfers or a pattern of mortgages being registered and discharged shortly after that? Use free source documents and cross-check facts.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Typical mortgage fraud scams are theft and income/asset fraud. At the same time, industry professionals may use appraisal frauds and air loans to dupe the system.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">There are proficient institutions that observe and analyze mortgage fraud and the FBI.</span></span></span></span></span></li>
</ul>

<h3><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:14.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">3. <span style="font-size:18px">Trust Your Core</span></span></span></span></span></span></h3>

<ul>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Investigate well if you suspect something odd.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Are the details consistent?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Are the closing reserves in the form of a cheque or bank draft? Does that mean that funds may be coming from an origin other than the purchaser?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Are there other anomalies in the real estate purchase contract?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Are there traces of the mortgage comprising greater than 95% of the purchase price?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Has the property&#39;s value risen rapidly over a short period?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Is the client offering to pay higher than expected legal fees?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Are there excessive delays from the seller&#39;s lawyer?</span></span></span></span></span></li>
</ul>

<h3><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">4. Get Your Staff On Board</span></span></span></span></h3>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Create clear policies for your staff on dealing with files and affairs that raise doubts. Confer different fraud systems and develop methods for managing each. Ensure to exert care in hiring practices (background checks, references), segregate duties relating to handling money where possible, and fine supervise and train staff.</span></span></span></span></span></p>

<h3><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">5. Set Solid Accounting Methods</span></span></span></span></h3>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Be sure to execute and heed the rules relating to the receipt and payment of trust funds. Never sign blank cheques; sign cheques with no payee or amount stated and review your bank statements and online accounts. Speak to your bank about the best way to confirm concern norms before depositing. Be very careful about disclosing details related to your trust account.</span></span></span></span></span></p>

<p><img alt="Avoid Mortgage Fraud" src="/public/upload/blogs/files/Avoid-Mortgage-Fraud.jpg" style="height:534px; width:800px" /></p>

<h2><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">You Must Take Knowledge of the Following Things&nbsp;To Avoid Mortgage Fraud</span></span></span></span></h2>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Take awareness about who investigates mortgage fraud and</span></span></span></span></span></p>

<ul>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">How mortgage fraud is detected.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">What are the types of mortgage frauds and</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Mortgage fraud cases?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Who investigates mortgage fraud?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">What are the mortgage fraud red flags</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">How to report loan frauds?</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Know well about:</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Mortgage investigation bureau</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Mortgage fraud convictions</span></span></span></span></span></li>
</ul>

<h2><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Mortgage Fraud Prevention Tips</span></span></span></span></h2>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">We would refer here to some direct Mortgage Fraud Prevention Tips by the FBI.</span></span></span></span></span></p>

<p><span style="font-size:18pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">FBI &mdash; </span><a href="https://archives.fbi.gov/archives/news/stories/2005/december/mortgage-fraud-prevention-tips-1" target="_blank"><span style="color:#3498db">Mortgage Fraud Prevention Tips</span></a><span style="color:#0e101a">.</span></span></span></span></span></p>

<ul>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Before purchasing a home, research information about the prices of homes in the neighborhood.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Shop for a lender and compare costs. Beware of lenders who tell you that they are your only chance of getting a loan or owning your own home.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Beware of &quot;No Money Down&quot; loans. It is a gimmick used to entice consumers to purchase a property they likely cannot afford or are not qualified to buy. Beware of the mortgage professional who falsely alters information to qualify the consumer for the loan.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Do not let anyone convince you to borrow more money than you can afford to repay.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Do not let anyone persuade you into making a false statement, such as overstating your income, the source of your down payment, or the nature and length of your employment.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Read and carefully review all loan documents signed at closing or before closing for accuracy, completeness, and omissions.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Be aware of cost or loan terms at closing that is not what you have agreed to.</span></span></span></span></span></li>
	<li><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-size:11.0pt"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Be suspicious if home improvement costs go up if you accept the contractor&#39;s financing.</span></span></span></span></span></li>
</ul>

<h2><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Why Should You Find Real Estate Agents At Saakin Qatar?</span></span></span></span></h2>

<p><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:#0e101a">Qatar&#39;s trustworthy real estate directory brings inventive and competitive data on the property market. Investors, real estate agents, and foreigners can get reliable real estate agent links on the portal. The </span></span>Saakin works like a connector that connects buyers and sellers. We have an extensive range of property experts suggesting the best property deals for you. You find the right property dealer through the excellent operational process of our best consultancy and assistance.</span></p>

<h3><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#0e101a">Conclusion</span></span></span></span></h3>

<p><span style="font-size:18pt"><span style="font-size:11.0pt"><span style="color:#0e101a">The correct word is we can do the markets by lowering mortgage fraud. People must set actual expectations for borrowing and homeownership ventures. Investors should develop realistic plans for profit. Further, the experts must follow higher personal standards to peer community responsibility. Governments need to make the ruling consistent and law enforcement with active research.</span></span></span></p>

<pre>
<span style="font-size:18pt"><span style="font-size:11.0pt"><span style="color:#0e101a">Read More: </span></span></span><a href="https://www.saakin.qa/blog/how-to-find-the-best-real-estate-lawyer-in-qatar" target="_blank"><span style="color:#3498db">How to Find the Best Real Estate Lawyer in Qatar</span></a></pre>