First time home buyers in Temecula, Murrieta and other portions of Riverside and San Diego County have access to thousands of homes for sale through various real estate websites. First time homebuyers can also compare mortgage rates on the websites of almost every lender and mortgage aggregating sites such as Bankrate.com.
But just like the touched up photos of your high school classmates on Facebook, what you see is not always what you get!
Here’s some advice from CBS on how to avoid the 4 biggest lies in Real EstateCBSMoneyWatch.com
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State officials warned struggling homeowners about a new variation on loan-modification scams: “forensic loan audits.”
Loan Modification Scams
Under the dubious service, homeowners are enticed to pay upfront fees for an audit of their mortgage loan, purportedly to determine their lender’s compliance with state and federal laws. It’s pitched as a way homeowners gain leverage in the loan-modification process.
But just like the touched up photos of your high school classmates on Facebook, what you see is not always what you get!
