FBI warns real estate buyers and investors about the highly increasing frauds in mortgage. Complaints about these mortgage frauds have been piling up and would almost certainly break the record of last years reports. For the first six months of this year, suspicious activity reports have risen to an alarming 33,359. This amount would most likely reach and even surpass the total of the entire previous year of 46,717, projecting to a shocking 70,000 according to the FBI.  Investigations also include potential crimes which are suspected on corporate entities. The FBI released their final report on the frauds during the year of 2007 showing that the investigated frauds rose by 47%.

by: Vii