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Avoiding Online Identity Scams Before Home Financing

By Brad Lynch on July 15, 2013 16 Comments

On Line Scam

Best Mortgage Clients Vicitms in Credit Scams

At Premier Nationwide Lending, we hear about identity fraud from our clients every day.  New buyers and refinancers that rarely use their credit scores and expect to have perfect credit, find out without any warning signs that they have become a victim at the worse time.  In 2012, about 1 million more adults fell victim to identity fraud than in 2011, according to the Javelin Strategy & Research 2013 Identity Fraud Report.  That’s 12.6 million victims in the U.S. last year, or 1 every 3 seconds.

How To Prepare Ahead Before You Get a Home Loan

If you are looking to buy a home, sell a home, or refinance, it is very important that you look at your credit months ahead of time.  This way, if there is any fraud on your report, you have time to reconcile the erroneous fraud lines before your time budget comes on your financing goals comes.  You can apply online with us months before you are ready to proceed to check your credit and pre approve you for a loan.  

Top Credit Scams Amoung the Credit Aflicted

While experts say anyone can become a target of identity theft and online scams, a few characteristics can make you more vulnerable.  Here are some very popular targets in the market below. 

1.  Sweetheart Scams– Eager to find love online? You could become a victim of a “sweetheart scams,” with fraudsters trying to manipulate you into transferring them money or providing information to steal your identity.

2.  Money-Muling Scams–  Desperate to find a job? You may leap at the chance to earn money working from home. But if it’s for a boss you’ve only met online, you could be pulled into a “money-muling” scam.

3.  Social Market Scams–  Active social media user? If you share a great deal of personal information online, you could attract scammers. In fact, in its 2012 survey, Javelin reported that “LinkedIn, Google+, Twitter and Facebook users had the highest incidence of fraud, although there is no proof of direcausation.”

3.  Elderly Easy Target Scams–  Elderly? You may enjoy interacting with people online. Fraudsters hope this means you are overly trusting, making you easy prey to schemes.

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Filed Under: Mortgage Loans Tagged With: credit and mortgage, how to avoid identity theft, identity theft, mortgage credit scams, mortgage identity theft, prequalifying for a mortgage

Comments

  1. Brad Lynch says

    July 15, 2013 at 7:36 pm

    Great article and definitely worth sharing!

  2. Jim Striegel says

    July 15, 2013 at 7:37 pm

    Thank you for all the information. I will share as well on my social media sites.

  3. Deanna lyn says

    July 15, 2013 at 7:41 pm

    This is very important information and a lot of good advice, thanks for sharing!

  4. Casey Gardner says

    July 15, 2013 at 8:37 pm

    This is great information. My mother-in-law almost fell for the “sweetheart” scam. She started Googling them found one to be a real charmer. Very sad, but she caught on before it hurt her in more ways than one!

  5. Veronica says

    July 15, 2013 at 9:11 pm

    Great info!

  6. Tyler says

    July 15, 2013 at 9:31 pm

    this is great

  7. Rachel says

    July 15, 2013 at 10:01 pm

    Great article! I know that people get scammed all the time. I wish more people could get help with this.
    Be careful and watch your credit score!

  8. Deborah says

    July 15, 2013 at 10:30 pm

    I’ll be watching my credit more closely. I have Legal Shield. This should at least warn me if something seems out of place.

  9. Meli says

    July 15, 2013 at 11:16 pm

    Thanks for all the great information. Forewarned is forearmed!!

  10. Dov Shapira says

    July 16, 2013 at 12:44 am

    They stole my identity few years back.
    Oh watta mess it was.
    Thank you for this info

  11. Daniele Holmberg says

    July 16, 2013 at 12:46 am

    Great article about scams when buying homes! It is so scary

  12. Robin says

    July 16, 2013 at 8:26 am

    These scams are terrible… it’s like anyone with a need gets targeted… sheeesh, terrible.

  13. Rob says

    July 16, 2013 at 9:36 am

    I hate scams! its terrible that people do that..

  14. Don Purdum says

    July 16, 2013 at 9:48 am

    Great advice, thank you!!! This is such a huge issue.

  15. tomsfoodieblog (@tomsfoodieblog) says

    July 16, 2013 at 1:42 pm

    This one strikes close to home for us, we gotten taken for scam based on friends recommendations. Great info on protecting yourself

  16. Kelly says

    July 16, 2013 at 2:19 pm

    Its amazing how many people fall for these scams as well…

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Hello there! I'm Brad. If you have any questions as you read through this website you can reach me at 469-450-2723. Or, Pre-Qualify Now For Purchase Or Refinance.

About Brad Lynch

Brad Lynch of Flower Mound, TX has been helping families in the DFW and surrounding areas since 2002. Over 95% of his business during that time has been by referral.

Specialties include, FHA and Conventional Purchase and refinance mortgage, and owelty refinances during or after a divorce.

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