Ralph Binetti

Managing Broker

Red Flags: Be Wary of Mortgage Scams

By John Voket, RISMedia Consumer Confidant


With the uptick in mortgage and loan fraud in recent years, we tapped the Federal Trade Commission and continue our look at the agency's list of red flags to help you stay safe from scam artists and fraudulent mortgage or loan purveyors.

The FTC says watch out for:

Most importantly -- if you think you’ve had an experience with an advance-fee loan scam, report it to the FTC at ftc.gov or call toll-free, 1-877-FTC-HELP.