Moishe Alexander states that the most common frauds are committed with the help of an industry pro in some form or fashion. They are aware of that. They are aware that you are pressed for time and that you don't have sufficient manpower to perform the work which you are trying to do and which is legitimate. They know that you have no experience with this, and they are certainly taking advantage of all of this.

Canadian Funding Corporation screens applications and loan documents throughout the process. CFC sees numerous types of fraud and misrepresentation when referring to loan modifications. They are primarily related to economic circumstances. Scammers are filing false tax returns as well as a phony W-2.

Moishe Alexander: "They are filing it with the IRS. They are aware that on the origination side lenders are beginning to use the 4506. There have been scenarios where people have filed higher or lower income. In these modifications, people are falsely understating their income in order to get a more favorable outcome or reduction in their debt. After the loan has closed they amend their tax returns."