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Florida Clears Clouded Fidelity Land Trust Deeds for Consumers

Searching-right

The State of Florida has taken action to undo all the titles assigned to Florida company Fidelity Land Trust, a company that has been in the news here. FLT had been selling consumers a program they billed as a way to clear the mortgage on a Florida home. According to a recent article by Kimberly Miller of the Palm Beach ... Read More »

Reader Calls Bullshit on “Keep Your Home” Mailer

questions

A very smart reader sent in a mailer they recently received. After they did some snooping around it set off warning bells. I’ll share their story and you’ll see what I mean. “I received this in the mail. When I called the number I got a lady who ask for my eligibility code. I asked her why is the eligibility ... Read More »

More Florida Mortgage Modification Scammers Go to Jail

Sagging Economy

Two Florida men were sentenced today to serve 84 months in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Carmen M. Ortiz of the District of Massachusetts and Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy ... Read More »

Mortgage Relief Scams Pay Millions to FTC

ftc

The South Florida-based defendants in an alleged mortgage relief scam will surrender their assets and be banned permanently from providing mortgage relief and debt relief services to consumers under a settlement with the Federal Trade Commission. This settlement represents the FTC’s largest judgment to date against a purported mortgage assistance relief provider. In 2012, as part of the Distressed Homeowner ... Read More »

CFPB Gives Borrowers With Troubled Mortgages a Guide

Real Estate Concept

The Consumer Financial Protection Bureau (CFPB) has issued a comprehensive guide to help troubled mortgage borrowers. The 104 page guide gives step-by-step directions on what you should expect from your mortgage company if you are struggling. You can read the guide here. The guide also clearly lays out the responsibilities of borrowers as well and is one of the more ... Read More »

FTC Nails American Mortgage Consulting Group and The Debt School

Bitch Slap

The defendants in two separate alleged scams have settled charges with the Federal Trade Commission and will be banned from providing mortgage- and debt-relief services. The cases are part of the FTC’s continuing crackdown on scams targeting consumers in financial distress, including debt relief and credit repair scams, and mortgage relief scams. American Mortgage Consulting Group; Home Guardian Management Solutions: ... Read More »

FHA to Make It Easier for People with Bad Credit to Get a Mortgage

Happy people celebrating with money raining

Very shortly new manual underwriting regulations from FHA will become effective and make it easier for people with low credit scores to qualify for a mortgage. This is good news for people without a lot of debt but a low credit score. Under the new rules the following changes will be made. First, HUD has taken the opportunity to address ... Read More »

Fidelity Land Trust, Ed Cherry Issue Getting More Bizarre

oops

Today a tipster (send in your tips here) sent in the following documents in the case of the State of Florida against Ed Cherry and the Fidelity Land Trust “debacle.” – Source Apparently Cherry’s attorney is trying to back the hell out representation and Cherry is having none of that. According to Cherry’s filed objection he claims attorney Peter Snyder ... Read More »

Loan Modification Debt Company Owner Sentenced to Prison

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Ian Kideys, 40, of La Jolla, California was sentenced to five years in club fed for his role in K2 Capital Management, U.S. Mortgage Bailout, and iLoanAudit. Shocker, a loan modification company owner found guilty of fraud. According to prosecutors, “US Mortgage Bailout obtained some mortgage relief for its customers through fraudulent representations to lenders, but otherwise simply collected money ... Read More »

More Florida Land Trusts Busted: Cambridge Land Trust and Hartford Land Trust

wtf

Thanks to a great reader, word out of Florida is more land trust schemers have been the unfortunate focus of law enforcement. The interesting part is how they all tie together. “The Florida attorney general’s office shut down two more South Florida land trusts Monday, continuing a yearlong pursuit to stop multiple intertwined firms from selling a complex foreclosure rescue ... Read More »

People Still Falling for Land Trust Mortgage Rescue Scam

oops

The one thing you have to admit about a scam is once it works and extracts money from consumers, it’s got some legs and has morphed and continued on longer than I expected it to. As part of the continued slow descent into the black pit of “Why?” more information is coming out about how unhappy people are with the ... Read More »

Mortgage Modification Attorney Gets Her Day in Court. Ouch!

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Pamela Stacey Gerber-Gressier gets to spend many days in court after being sued by the State Bar of California. PSGG has been the subject in a number of mortgage modification stories over the years. See here and here. She’s also been associated with The Remedy Group, Remedy Law, Prudent Law, and Prudential Law to name a few. All of these ... Read More »

Paul Gellenbeck and Fidelity Land Trust Facing Criminal Contempt

Jail

A tipster (send in your tips here) shared a court document with me showing the State of Florida being none to happy about the continued marketing efforts of Paul Gellenbeck and Fidelity Land Trust after a September 25, 2012 temporary injunction and asset freeze filed by the Office of the Attorney General in Florida. See this article. It appears just ... Read More »

Debt Relief Legal Front Victimized Thousands Says FTC

This appears to be a variation of a mailer many have received.

The Federal Trade Commission just released the seal on actions it took to shut down a debt relief company that has appeared on this site before. – Source In an announcement made today, the FTC filed a complaint under seal against A to Z Marketing, Apex Members, Apex Solutions, Backend, Expert Processing Center, Smart Funding, William D. Goodrich Attorney, WDG ... Read More »

Homeowner’s Relief Line Commercial – Caution

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Yesterday I spotted a new debt relief commercial on television for some company that claimed to be Homeowner’s Relief Line. The commercial made all sorts of claims about saving your home from foreclosure, helping with loan modification and giving the impression the consumer is the victim. In general and in my experience, these types of commercials are funnels for people ... Read More »

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