FUNDING: AVOIDING FRAUD
your interests in legal proceedings, if necessary. Their expertise is invaluable in navigating the complexities of fraud cases and pursuing appropriate recourse. STAY VIGILANT AND INFORMED Staying vigilant and informed is like having a superpower against fraudulent hard money lenders. Think of it this way: You’re the guardian of your money castle and staying informed is like building strong walls and keeping watchtowers manned. You’re always looking for any suspicious activity or signs of danger. And just like a wise knight, you follow the advice of experienced mentors (like real estate experts and legal advisors). They arm you with knowledge and guide you on your journey, helping you avoid traps and pitfalls. When it comes to hard money loans, staying vigilant means doing your homework, asking questions, and trusting your instincts. Stay informed and follow the advice of those who’ve been there before. •
SANTOSH SALVE
support your claims. Save copies of all correspondence, loan agreements, and other relevant documents. This evidence will be crucial in proving your case and seeking restitution for any damage incurred. REPORT TO RELEVANT AUTHORITIES. Report suspected fraud to relevant authorities (e.g., state regulatory agencies, the Consumer Financial Protection Bureau, law enforcement agencies). Provide detailed information and evidence to assist in
their investigation. Reporting fraudulent activities helps protect others from falling victim to similar
scams and holds perpetrators accountable for their actions.
SEEK LEGAL ASSISTANCE. If you’ve been defrauded or believe you’ve entered into a fraudulent loan agreement, seek legal assistance from a qualified attorney who specializes in real estate and financial law. The attorney can assess your situation, help you understand your rights and options, and represent
Santosh Salve is a seasoned digital marketing expert with more than a decade of experience in the industry. He specializes in SEO, content strategy, and social media marketing for the finance business vertical. He has helped numerous fintech clients achieve their business goals through innovative and data-driven marketing solutions.
24 | think realty magazine :: july - august 2024
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