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Home Equity Loans - Beware of Appraisal Fraud
A new report by the independent Demos group has revealed what may not be a surprise to many people - corruption is rampant in the home appraisal industry. The bust in the dot-com market of some five years ago has left would-be lenders with a surplus of cash to lend. This has led to a huge boom in both mortgage and home equity loan lending. That's not a bad thing; a record 69% of Americans now own their own homes. Owning a home is easier than ever; in 2004 the average down payment was a record low of only three percent. Ultimately, if you take out a home equity loan or a mortgage for more than your home is worth, you are the one that suffers. That can be easily avoided if you simply pay more attention to the process and educate yourself about the possible pitfalls. The last thing you want to lose is your home. ©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including http://www.End-Your-Debt.com/ and http://www.HomeEquityHelp.net/
MORE RESOURCES: Real Estate - Google News Ex-real estate broker could get 10 years - Journal and Courier
TEXT: S&P Afms 'A+/A-1' Rtgs On Frontier Real Estate Investment - Reuters
Alexandria Real Estate Equities' CEO Discusses Q4 2011 Results - Earnings Call ... - Seeking Alpha
Facebook millionaires might drive up real estate prices in the already ... - Economic Times
South Bay commercial real estate market heats up - San Jose Mercury News
Real estate lawyer charged in 2010 fraud scheme now accused of stealing $75000 ... - SILive.com
REAL ESTATE: Refinancing program expands for Fannie/Freddie borrowers - Press-Enterprise
Local real-estate developer shares his love of Mardi Gras - Houma Courier
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