Fraud can strip a homeowner of valuable savings and income needed
to make mortgage payments or maintain a home. Being a victim of
fraud can result in financial hardship for a homeowner. Frauds come
in all shapes and sizes, but their common purpose is to take your
money.
Recognizing the difference between legal marketing and frauds can
be a challenge.
Marketers may have the same goals, but take your money legally
by getting you to cooperate. Some telephone solicitors may simply
be trying to collect your name and address for marketers.
If you follow these two rules, you can avoid becoming a victim of fraud
that targets you via the mail, telephone or the Internet.
Rule #1 — Never provide personal data, such
as your address, account numbers or your Social Security number
to someone you do not know.
Rule #2 — Never provide money in advance
to someone you do not know for a benefit that is promised in
the future.
Such requests are a warning sign that you are about to become a
victim of fraud. Click the Marketing and Fraud tab to learn about the most common
telephone, mail and Internet frauds.
Now that you know the warning signs of fraud, the next section will show ways to avoid becoming a target.
