Concept information
Preferred term
mortgage fraud
Definition
- Mortgage fraud is a white-collar crime that has been a steadily growing problem across the country in recent years. It is a crime in which property values can be artificially inflated in order to fraudulently remove funds from the property's equity, although other forms of fraud have been reported. [Source: The Encyclopedia of Housing; Mortgage Fraud]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/mortgage_fraud
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