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Bad Loans - Predatory and Fraud New

Course Description

Bad Loans will delve into predatory lending practices and common mortgage fraud schemes. Students will learn to identify and avoid predatory lenders’ and fraud perpetrators’ tactics. The course examines the lines on mortgage forms, good faith estimates, fees, discounts, prepayment penalties, and how these items are used by predatory lenders. This course also features valuable information about dealing with issues such as late charges, tax reserves, property insurance, foreclosures, and note modification. Then students will explore popular mortgage fraud schemes and examples from real cases. Fraud tools such as flipping, straw sellers and buyers, “No Doc” loans, silent second mortgages, and false money will also be discussed.

State Requirements

Our real estate CE courses meet the requirements of the Montana Board of Realty Regulations.

PRICE:

$30

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Overall, I think the coursework is great. Everything is explained in simple English and the voiceover is wonderful.

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