It seems like everyday we hear about a new latest scam reviews on the news. It can be as simple as someone selling you a product that does not work at promised, to the devastating crime of someone scamming you for all of you money. As humans we want to trust that people are not going to attempt to scam us, but the reality is that many people will do terrible things for a cheap buck.
It would be great if there was overall scam insurance that protected us from every possible scam, but that does not yet exist. However, there is insurance for the fastest growing type scam out there: Identity theft.Also, if you are working with a broker that does not recommend pre loan counseling, then you need to
Since the advent of the internet identity theft has been on the rise. We are now highly dependent on electronic transactions, and this makes us vulnerable to identity theft and credit fraud. While identity insurance isn’t going to be insurance for every scam out there, it will protect you from the most devastating scams that are being run today.
Every four seconds someone in the USA becomes a victim of identity theft. The scam works like this Anyone can become the victim of an identity theft scam at anytime. The criminals will even scam children because they, and their parents, never think about checking their credit reports. Identity scams are the fasting growing and most devastating scams out there today.
These are just 3 of many Reverse Home Mortgage Scams that you need to watch out for an know about. There are many more and to make sure you do not get caught up and lose your savings you should only work with professionals that you have checked and cleared with the better business bureau, your attorney general, and your own attorney.
When you educate yourself about the mortgage you are considering you become the enemy of the scam artist because it is harder for them to fool you and take advantage of you. You should learn as much as you can about reverse mortgages and anything financial that you plan to undertake. run.
