Forging Documents For Mortgage In Sacramento
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Learn about the most common types of consumer fraud, how each type works, the warning signs, and how to protect yourself and others. Debt Collection Fraud. Elder Financial Exploitation. Financial and Investment Fraud. Holiday and Gift Card Scams. Identity Theft. Imposter Scams. Mortgage Fraud. Online and Digital Scams.
However, starting December 15, 2024, new mortgage rules will expand eligibility for mortgage insurance to homes valued at up to $1.5 million. Under these rules, buyers will need to put down a minimum of 5% on the first $500,000 and 10% on the portion between $500,000 and $1.5 million.
Mortgage default happens when you don't follow the terms of your mortgage agreement, like missing a regular payment. When this happens, your bank has the legal right to recover the amount you owe them. This may eventually lead to the forced sale of your home.