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Foreclosure Related

Michigan Goes After 19 Foreclosure Rescue Companies

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Michigan Attorney General Mike Cox recently announced the filing of 19 criminal complaints and a total of 69 charges against illegal advanced fee “foreclosure rescue” operations accused of defrauding Michigan families of thousands of dollars. Nine Michigan mortgage companies are accused of illegally charging homeowners facing foreclosure upfront fees for mortgage modification assistance. The defendants claimed they would help homeowners ... Read More »

Indiana Goes After Foreclosure Consultants and Loan Modification Companies

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Infomercials, websites, radio advertisements, and word of mouth are being monitored by Attorney General Greg Zoeller’s Homeowner Protection Unit (HPU) are using to track down foreclosure consultant companies that may be operating illegally in Indiana or have failed to strictly comply with Indiana’s new laws meant to protect consumers. Zoeller today filed lawsuits against three for-profit foreclosure consultant companies claiming ... Read More »

Lost Your Home in Foreclosure? You May Be Getting a BIG Bill.

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Many people believe that simply because they have lost their home in foreclosure that their financial worries are now behind them. Not so fast bucko. If a lender has taken a loss on a property that was foreclosed on they can go after the consumer for the amount due after the foreclosure. This is why I often suggest that people ... Read More »

Overextended Borrowers Stop Paying Mortgages and Capitalize on Time to Eviction

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In this day and age the amount of people unable to pay their mortgages is on the rise. Be it medical bills, loss of income or a change in circumstances, many people are running into shortages in their lives leaving them coming up short for that monthly mortgage payment. While these times in life are stressful and demanding some families ... Read More »

Trail Loan Modifications Trash Credit Report and Credit Score

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Carolyn Said of the San Francisco Chronicle wrote an excellent article “Loan modifications often damage credit scores” that covers the reality of the damage that occurs to credit from a loan modification. Here are some excerpts. You should read the full article for more information “Struggling homeowners who get a loan modification to reduce their mortgage payments are often unaware ... Read More »

Homeowners File Class Action Suit Against Bank of America for Not Helping Them With Mortgage Problems

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In a potentially wide-ranging lawsuit, two Seattle-area homeowners have filed a class-action suit against Bank of America claiming the bank has failed to work with owners facing foreclosure. Filed Tuesday, the potentially wide-ranging lawsuit alleges Bank of America failed to keep up its end of the deal cut with the federal government in early 2009 when it took $25 billion ... Read More »

Foreclosure and Loan Modification Consultants Get Jail Time

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In a clear “warning shot” to unscrupulous loan-modification consultants, California Attorney General Edmund G. Brown Jr. today announced that two women have each been sentenced to one year in jail and ordered to repay dozens of homeowners who were charged thousands of dollars in up-front fees for non-existent foreclosure-relief services. Marianne Curtis, 69, of Costa Mesa and Mary Alice Yraceburu, ... Read More »

Foreclosure Pussies Create Problem for All

Miami has a buch of foreclosure pussies on the lose, about 300,000 of them and it’s creating a big stinking problem. [flashvideo file=/wp-content/uploads/cats.flv /] Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Foreclosure Rescue Scam Company “Home Savers Consulting Corp” Owner Pleads Guilty

A Brooklyn man admitted in federal court Tuesday that he and a partner made about $1 million by scamming Bergenfield, Paterson and Elizabeth homeowners in a foreclosure scheme. Garth Celestine, 44, pleaded guilty to conspiracy to commit wire fraud for his role as the co-owner of Home Savers Consulting Corp., a now-defunct company based in Brooklyn and Long Island, the ... Read More »

Foreclosure Scam Ringleader Faces 49 Years Behind Bars

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The ringleader in a Carlsbad, California-based scam that tricked mostly Spanish-speaking homeowners into paying for a bogus service to stave off foreclosure was convicted of 160 felony counts by a San Diego jury Tuesday, according to the district attorney’s office. William Hutchings, 62, of San Diego faces 49 years in prison on the convictions that included conspiracy, grand theft, rent ... Read More »

Loan Modification Company Operating Out of Mailbox at UPS Store is a Scam

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Federal prosecutors have indicted two San Diego men featured in an ABC News investigation for their role in allegedly defrauding desperate homeowners trying to modify their mortgages. Investigation uncovers businesses posing as something they’re not. Glenn Rosofsky and Michael Trap, who ran a business called Nations Housing Modification Center, are charged with duping homeowners who were falling behind on their ... Read More »

California Shuts Down Scam Foreclosure Relief Companies

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California Attorney General Edmund G. Brown Jr. today shut down two fraudulent foreclosure-assistance companies and secured a court judgment that prohibits three individuals from working in the real estate industry and provides more than $1 million in restitution for victims left with “false hope” after paying upfront fees for nonexistent loan-modification services. “George Escalante, Cesar Lopez and Adrian Pomery used ... Read More »

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