Mortgage fraud / ID theft victim. What next?
January 5, 2007 7:23 PM Subscribe
I recently found out that I've been a victim of mortgage fraud. In short, someone stole my identity and took out a ~400k mortgage on a house in MA, in my name and with my credit. Has anyone out there been through this? What can I expect going forward?
posted by anonymous to Work & Money (16 answers total) 5 users marked this as a favorite
They applied for multiple mortgages, and evidently one of them did go through, because my name is on a deed according to the police officer I'm dealing with. I've nipped the other loans I found out about(via forwarded mail from an old address of mine that the ID thieves were apparently using) in the bud and am working with the lenders and the police and the postal inspector, which will eventually result in a police report, ID theft affidavits, etc. I've taken all of the basic steps you're supposed to when you find out you're an ID theft victim. Locked down or changed my existing accounts, put fraud alerts in with the credit reporting agencies, temporarily forwarded my mail to a different address, called the attorney general's office, and so on.
But, I feel like I've done all I can do and now I'm highly paranoid and totally in the dark about what comes next or what else I should do from here on. The police aren't exactly being helpful about what I can expect, and hey, to be fair, it's not their job to be my advocate. But, they don't even know who the lender is on the loan that did go through, and I have no idea how to find out on my own, short of waiting for it to show up on my credit report or for bills to start coming. I feel like I need to be out ahead of this to document my innocence and limit my own liability, but I'm largely at the end of my amateur sleuthing abilities here.
The unknown liability is what I'm really scared of. I've done a quick crash-course on on mortgage fraud, but I can't find many stories about what happens to individual victims and what they did in the aftermath, and I have no idea if I'm ultimately on the hook for this loan / property or not. I'd really like to know what I'm looking at over the next few months as opposed to the immediate damage-control period. What the typical resolution-state looks like for someone who gets into this kind of mess. I'd also like to know whether I should be lawyering up(though finding a lawyer and finding money for a lawyer will not be easy at the moment, so I'm hesitant to do that until I know my position more fully) and what else I should be doing to cover my currently very exposed financial posterior. I'm an MA resident when it comes to legal issues. Single, 28, currently renting, have never applied for a mortgage.