Mortgage Fraud Identity Theft

Identity theft occurs when one person allegedly adopts the identity of another without his or her knowledge or consent, and then uses that identity in an illegal or fraudulent manner such as to procure a mortgage or home-equity loan. This is the second most common form of mortgage fraud.
While “straw buyers” are paid for the use of their identities, alleged victims of identity theft are not. Real estate appraisers may also have their identity stolen in order to further inflated appraisals.