Mortgage Fraud

If you have been looking for condo's in Dorchester, there is an illegal activity that you are or will become very familiar with; Mortgage Fraud. It starts numerous ways, but always ends bad.

You might see condos for under $100k and think that might be a great deal. And it might be for someone. But usually, condos in that price range are priced that low because they cannot be financed because there is no association. One thing to remember to consider when purchasing a condo is the health of the association. Who cares if the price is $89,000 when you are the sole owner-occupant and paying all of the common expenses and repairs?

There are certainly some buyers that these deals were made for. What you need to do as a buyer is figure out what is important to you and speak with someone familiar with the process.

For more information on mortgage fraud, visit the FBI's website on mortgage fraud.