What should you do if you have been a victim of mortgage fraud of any variety? First, report it to the Federal Bureau of Investigation. What can consumers do to protect their credit? It is critical to monitor your credit report, receive regular updates, and stay informed. Immediately contact any lenders that provide information on your credit report when you discover pieces of information that are mistakes.
The most horrific mortgage fraud involving identity theft is the sale of your property without your knowledge. The consumer may get off easy but certainly not without damage.