Protect Yourself from Mortgage Fraud

Thursday, 19 Jun 2008 | 3:38 PM ET

During a press conference to announce the arrest of 60 people for mortgage fraud, the Department of Justice offered tips for consumers to protect themselves.

Protecting Yourself from Fraud
Deputy U.S. Attorney Mark Filip gives advice for how consumers can avoid mortgage fraud.

They are:

- If mortgage terms sound too good to be true, they probably are.
- Before you sign anything, read it very carefully.
- If you think something is suspicious, ask critical questions.
- If necessary, hire a professional to look over the mortgage document.
- Try to obtain references on the mortgage provider.


Contact U.S. News


    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video