I’ve got a NEW mortgage fraud term to add to the ever growing list of mortgage fraud scams . . .Applying for multiple loans at the same time — a process known by the authorities as "shotgunning" — is the fraud d’jour. "In a scam the authorities have labeled "shotgunning," property owners apply for home equity loans with multiple lenders at the same time. In one case, a would-be borrower applied with three different lenders over a 48-hour period. Because the …
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