The loan-flipping mortgage scam is the evil twin of the helpful home equity loan, which can help put some cash into your pocket for smart purchases like your child’s education or a car you need for commuting.How can you tell the scam from the legit loan? If you’ve fallen into the clutches of a lender who’s pressing you to take one loan after another, stretching the boundaries between what you need and what you want, you may have become the victim of a con artist.
via houselogic.com
Loan flipping mortgage scams pray on people with financial anxiety and the less educated. Prepare yourself, if you don’t have the time interview the people you are working with. Be sure to align yourself with people who have a good track record.
Posted via Seattle Real Estate-Seattle Homes For Sale
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