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Real Estate and Mortgage Fraud Meeting

March 09, 2009 00:00

  

Detective Mary Wheat Public Information Officer Phone: (503) 823-0010 Pager: (503) 790-1779

March 9, 2009

NEWS RELEASE

HELP EDUCATE CITIZENS ABOUT REAL ESTATE AND MORTGAGE FRAUD

On Monday, March 9, 2009, from 6:30 pm-8:30 pm, at the Portland Police Bureau’s East Precinct located at 737 SE 106th Avenue, Richard Hagar, national expert on real estate and mortgage fraud will host a town meeting designed to help educate the public on how to identify and avoid fraudulent real estate transactions.

Nationally, real estate and mortgage fraud is rising to unprecedented levels. This crime is affecting our local economy and consumers need to be aware of its impact on home values in their neighborhoods. Fraudulent transactions by real estate professionals are also fueling foreclosure rates and the sub-prime meltdown.

This free town hall meeting will help the public understand this growing crime and help keep them from becoming victims. The issues addressed will include, Foreclosure Rescue & Mortgage Elimination Schemes, Predatory Lending, Adjustable Rate Mortgages, Cash Back at Closing, Where to Complain and Which Agencies will Help.

Attendees will also have an opportunity to meet representatives from the Oregon Division of Finance and Corporate Securities, Portland Police Bureau, and local/state government officials.

Anyone with questions is asked to call Detective Liz Cruthers at (503) 823-0272.

###PPB###

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Media Relations:
Sgt. Pete Simpson
Peter.Simpson@portlandoregon.gov
Desk: 503-823-0830
Pager: 503-790-1779


Portland Police Bureau
1111 SW 2nd Ave, Suite 1526
Portland, Oregon 97204


     

 

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