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 photo credit: TheTruthAbout...
There have always been scams out there, and the real estate industry has defiantly had their share of scammers. Unfortunately, there have always been people who fall for the scams as well. This hurts us all in the long run. People who scam and abuse the system force higher prices, cause security issues, and create higher costs and higher insurance premiums, in any industry. There is a new one out there being flogged called the mortgage matrix which claims to reduce principles and save thousands in late fees. It's funny, but people really do think they can get something for nothing.
Buyer beware is a coined phrase for a reason, and this is one of those reasons. People like the idea of getting something for nothing, even though we know its not the way things work. These people jump at the chance to get rid of their bills and mortgage, even though they made the conscious decision to get into a mortgage, and because of this they fall into the scammers trap.
From what we understand, the new mortgage matrix is nothing more than these people going through your loan papers, much like the forensic mortgage audit, which is actually something people can do for themselves. With a little investigation, people can save themselves a lot of money, you dont need to have someone take you for hundreds and sometimes thousands of dollars for something you could uncover yourself with a couple of hours of research.
Read more at Inman News
Posted on October 01, 2010 12:43:11 by  IPTV.Boyz
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