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FBI Warns Against Mortgage Fraud

The FBI released tips on how to avoid mortgage-related fraud, which has increased along with home loan delinquencies and foreclosures in the housing market. The FBI urged consumers to get referrals for real estate and mortgage professionals when buying or selling a home, research what other homes in the neighborhood have sold for, not let make false statements on loan applications, and never sign blank documents or documents containing blank lines. The FBI offers a mortgage fraud Web site, and ICBA provides a variety of online promotional and consumer education tools for homeowners.

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