Here are a few common scams and the red flags you should look for in a transaction. By Melissa Dittmann Tracey | August 2010Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage. … often advised to sign over the title of their house to a third party, become renters of their home, not contact their lender, or send mortgage payments to a third party, according to Fannie Mae, which provides fact sheets on mortgage fraud. …

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Real Estate Scams You Need to Know About