Beware of Foreclosure Rescue Scams! Real Help is Always Free! Foreclosure rescue and mortgage modification scams are a growing problem that could cost you thousands of dollars – or even your home. Scammers will make promises that they can’t keep, such as guaranteeing to “save” your home or lower your mortgage payments, usually for a fee, Read More
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The case shines some light on perhaps the shadiest side of mortgage fraud. Shady because very few people know. Last year, for example, a South Florida closing agent was charged with falsifying.
· Mortgage Fraud Examiners Warns Homeowners to Beware of the Latest Foreclosure Rescue Scam-Securitization audits. mortgage fraud examiners, the investigative firm who warned the public about the “criminal loan modification trap, useless “forensic loan audits,” the “administrative process” scam, and “pretender defenders” is now warning homeowners and the public of the latest.
"Rescue" scams come in many disguises. Some foreclosure-related scams to beware of: The scam artist (sometimes posing as an attorney) tells you that he/she can negotiate a deal with your lender to save your home – if you pay a fee. Once you pay, the scam artist takes off with your money.
TAMPA – A Tampa lawyer who helped swindle homeowners out of $4.7 million during the mortgage crisis has had his law license revoked by the state supreme court. In July of 2014, the attorneys general.
Beware of Mortgage Rescue Scams. You then make mortgage payments to the scam operator in lieu of paying the delinquent mortgage. However, the scam operator does not pay the existing mortgage or seek new financing. Each holder of a partial interest then files bankruptcy, one after another, without your knowledge.
Scams related to mortgage and loans have increased tremendously in the recent years and perpetrators have played lots of criminal activities in this area. Scammers will pose as a leading home financier or reputed money lender and make fake calls to hundreds of people those who are in need of home or mortgage loans.
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There is a disturbing trend among the proliferation of mortgage-fraud prosecutions and civil cases that followed. for operating foreclosure-rescue businesses that reportedly obtain hefty up-front.