A home is often a family’s most valuable asset. Scammers take this into consideration when thinking of the next way to earn a quick buck. Over the past few decades, thousands of homeowners all over the country reported receiving official-looking letters posing as real mortgage companies.

Scam trivia: Mortgages of the oldest scam
Scam trivia: Mortgages of the oldest scam

These fraudulent companies pressure homeowners to take out equity to use as payments for repairs or other house expenses.

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