You have been the subject of one of the mortgage if you have a mortgage-related complaint or think

You have been the subject of one of the mortgage if you have a mortgage-related complaint or think

Getting a true mortgage may also be complicated. This is the reason mortgages are incredibly popular with scammers that are would-be. Learn to spot and prevent various kinds of home loan frauds.

Mortgage-Related Complaints

frauds below, you have got a few methods of reporting your experience:

  • File a problem with us
  • Contact the Bureau of customer Financial Protection (previously referred to as Consumer Financial Protection Bureau or CFPB)
  • Contact the Federal Trade Commission (FTC)
  • Contact the U.S. Department of Housing and Urban Development (HUD)
  • Contact the workplace of the Comptroller associated with Currency (OCC)
  • Contact the Texas Department of Savings and Mortgage Lending

The Bureau is faced with overseeing many banking institutions, credit unions, loan providers, and home loan servicers. When your loan provider or home loan servicer is state certified, you could contact the Texas Department of Savings and Mortgage Lending. Alternatively, should your loan provider or home loan servicer is just a bank that is national you can easily contact the OCC.

If you’re not sure whom regulates your lender or home loan servicer, the Texas Department of Banking might be able to assist.

Foreclosure Rescue and Mortgage Modification Scams

Those two kinds of frauds might cost you thousands and, possibly, your house.

Scammers will portray by themselves as home loan relief providers to a target property owners that are susceptible to foreclosure. The scammers typically guarantee they can keep your house from property foreclosure and/or reduce your month-to-month mortgage repayments in return for large costs. More