Mortgage Fraud

Providing false information on a mortgage application is considered mortgage fraud.  One of the most common forms of fraud is when a con artist convinces someone to act as a “straw buyer”.  Applying for a mortgage on someone else’s behalf is called being a “straw buyer”.  The straw buyer is liable for the mortgage and could be held criminally responsible for their misrepresentation.


Other forms of mortgage fraud can include:


 

In this section:

2017 © Financial and Consumer Services Commission