Mortgage Fraud Quiz

1. What is a common method of mortgage fraud involving personal information?

A. Collusion with insiders B. Identity Theft C. Property Hijacking

2. Which of the following is a step to avoid falling victim to mortgage fraud?

A. Use straw buyers B. Forgery of documents C. Verify ownership

3. What role might a corrupt appraiser play in mortgage fraud?

A. They help manipulate the transaction B. They verify ownership C. They monitor credit reports

4. Why is it important to use title insurance when purchasing a property?

A. It helps protect against unforeseen title issues B. It guarantees the lowest mortgage rate C. It ensures the property is free of liens

5. What should you do if you suspect fraudulent activity related to your property?

A. Ignore it and hope it resolves itself B. Report it to local law enforcement and relevant authorities C. Create fake documents to counteract it

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