Lane Splitting Legal in California. California is the only state that specifically provides for legal lane splitting. According to the California Highway Patrol, lane splitting is legal if it is done in a safe and prudent manner.. Elsewhere on the West Coast, Oregon tried to pass two separate pro-lane-splitting bills earlier this year.
The following tips can help you avoid being a victim of foreclosure fraud: 1  Remember that signing over a deed to a different person does not automatically relieve you of any mortgage payments or outstanding debt. 2  Likewise, it is not always necessary to sign over the deed to your home in order to obtain new financing.Hidden Balloon Paymentsâ : In this type of foreclosure fraud, a lender will offer to save the homeowner from foreclosure by offering a discounted mortgage refinancing plan. The plan may involve lower monthly payments, but this is because the homeowner is only paying the interest for each month.
Mortgage fraud is a criminal offense and primarily involves fraud against mortgage lenders. Generally speaking, it occurs when facts are misrepresented: the value of a house is inflated, or the lender is misled about the buyer's income, credit history or financial situation.The fraud can involve the mortgage broker, real estate agent, appraiser and/or the buyer.The result is that too much money is loaned, and the house is not worth what the buyer -- and ultimately the lender -- paid for it.ortgage fraud bilks financial institutions, but it can also be devastating for borrowers and their families. It is having a broad negative effect on our economy, property values, and financial markets. It is, moreover a criminal offense.