Mortgage fraud is a broad term and one that can refer to a number of illegal activities. In one sense, it is the omission or falsification of information on a loan application in order to obtain funding in an instance in which it might otherwise be denied. As it affects homeowners, however, this type of fraud can include predatory lending practices that target specific buyer demographics and efforts on the part of financial professionals to alter, omit or misrepresent important details about a client’s financial status or funding needs. These are actions that are taken to increase personal profits from these transactions. Following are several things that Boston condo buyers can do to protect themselves from this latter type of mortgage fraud.

Carefully Review the Loan Application

Before signing a loan application, make sure that all of the blanks have been filled in and that all of the supplied information is correct. If there are blank spaces on a signed document, an unethical individual may use these to insert falsified information. These blanks can be used to change the amount of interest you’ve agreed to pay, the amount you wish to borrow and even the terms of the interest rate, such as whether or not it’s fixed or adjustable.

Know Who You’re Working With

It is also important to avoid submitting an application to any party who has shown signs of fraudulent behaviors in the past. For instance, you may be encouraged by a mortgage broker to falsify or exaggerate your income in order to increase your likelihood of funding approval. Whenever suggestions like these are made, you should immediately sever ties with the broker and start looking for a new professional to work with.

Be Aware of False Advertising

Surprisingly, there are a number of ads that promise to utterly erase bad credit so that prospective borrowers can submit their loan applications with fresh, clean and absolutely appealing financial profiles. Remember, building good credit takes time and any professionals within the mortgage loan industry who tell you otherwise don’t have your best interests at heart. Reputable, ethical professionals always offer sound advice and never encourage their clients to cut corners or bend the truth.

Working with a reputable real estate brokerage in downtown Boston is another way to protect yourself and your investment. For more information, give us a call at 617-720-5454 and schedule an appointment today.

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Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

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Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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