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Mortgage Related

Mitchell J. Stein Transcript From California Action Involving Mass Joinder Marketing Part 2

justball-144x125

This is a continuation of the first part of the transcript post. You can click here to read the first part. THE COURT: ALL RIGHT. WELL, I HAVE NOT HEARD ANYTHING THAT WOULD CHANGE MY MIND WITH RESPECT TO THE TENTATIVE RULING ON THE PRELIMINARY INJUNCTION. WHILE I DIDN’T QUOTE ALL THE EVIDENCE IN THE TENTATIVE, IT’S AN 18-PAGE TENTATIVE. ... Read More »

Court Says Credibility of Mitchell Stein of Mass Joinder Fame, Compromised

Alleged Mass Joinder Scgeme

Mitchell Stein, one of the attorneys that was raid in California in August for related mass joinder marketing, just received a very unfavorable court ruling in his attempt to wiggle something out from under the seizure of his law practice. I’ve even heard rumblings from some that Stein was returning to practice, got his client files back and was ready ... Read More »

Treasury Reports An 88 Percent Increase In Mortgage-Fraud Since 2010

Banks are re-examining loans that took place during the housing boom and are now finding problems which has resulted in a large jump of reported mortgage-fraud. Reports are showing an 88 percent jump in the second quarter according to the Treasury Department. “Most of the mortgages suspected of fraud closed during the height of the real-estate bubble, the financial-crimes division ... Read More »

Homeowners In Financial Distress Lose Over $1.2 Million To Mortgage “Rescue” Fraud

To the tune of a MasterCard commercial: $4.7 million in fradulent mortgage loans… $944,224 lost by lenders…. $1.2 million lost in equity to homeowners…. Shameful. Mary Ann Dean and Charles Donaldson pleaded guilty to the charge of conspiracy to commit wire fraud in connection with a mortgage fraud scheme of Sunset Mortgage Company. Dean was a loan originator and operator ... Read More »

No Excuses For Sloppy Mortgage Foreclosure Practices

President Obama’s Financial Fraud Enforcement Task Force strikes again! The task force was assembled to wage an aggressive, coordinated, and proactive efforts to investigate and prosecute financial crimes. Personally, I think there are too many “force”s in the interagency’s title. Perhaps it works in their favor, because this week the force is strong! On October 6, 2011 the United States ... Read More »

Mortgage Problems? Facing Foreclosure? Prepare to be Scammed.

justball-144x125

The millions of desperate homeowners who have found themselves upside down and at risk of losing their homes have created a fertile environment for scamsters. The scams on homeowners are varied and include audits and NPV tests, modification services, foreclosure rescue services, sell and lease-back schemes, and my personal favorite, mass joinder suits. Let’s start with NPV tests and mortgage ... Read More »

Deceitful Debt Relief And Mortgage Operation Shut Down

A United State district court has shut down two related operations who apparently failed to provide promised debt relief services and jeopardized clients’ privacy by at the Federal Trade Commission (FTC)’s request. Apparently one firm charged consumers a $1,495 up front fee for a mortgage relief assistance program that was never given as well as tossing personal information into unsecured ... Read More »

Modification Department – Authorization Status Mailer – Beware

Modification Department Homeowners Assistance Program

Reports are trickling in about a new letter being mailed to homeowners promising mortgage modification relief. Beware. This letter has all the hallmarks of having a high scam potential. I’ve labeled the area that concern me in the image below. A – Hard to see but it is an official looking eagle. Probably intended to look like government document. B ... Read More »

Mass Joinder Update – Office Furniture to be Sold

The official receiver for the California action against companies marketing mass joinder suits has posted an update. Receiver Seeking Court Approval to Dispose of Furniture and Equipment and Return Leased Offices to Landlords The Receiver has applied to the Court for formal approval to commence the process of shutting down the various office sites of Defendants and returning the premises ... Read More »

Real Estate Law Center, Boldly Ridiculous.

Real Estate Law Center

A reader just forward to me a mailer he received from Real Estate law Center PC. They claim to be located at 16209 Victory Blvd, #102, Lake Balboa, CA 92707. Apparently the Real Estate Law Center is not familiar that the Attorney General of California recently filed suit against attorneys using similar deceptive marketing. Those attorneys had their law offices ... Read More »

Mass Joinder Insiders Speak Out About How the Marketing Was Primed

Coco

An awesome and most unlikely tipster (send in your tips here) forward me a number of documents that lay out how the entire mass joinder debacle happened. The information presented her comes from the court document filed in conjunction with legal action involving Mitchell Stein. In documents filed, Glen Reneau says he is the president of Mitigation Professionals around the ... Read More »

Mass Joinder Marketing Mess Manages to Manufacture More Misery

justball-144x125

How’s that for a title that uses M’s. But seriously, the mass joinder marketing mess in California turns another page. Following the Attorney General and California Bar raids last month that seized the records of some law firms and accounts, one of the attorneys in that sweep, Mitchell Stein, is fighting back. According to Courthouse News Service, Stein has filed ... Read More »

Is National Forensic Group a Scam? – Ralph

justball-144x125

A reader sent me the following information on a company called National Forensic Group and wanted to know what I thought. The company is: National Forensic Group 208 Glen Cove Road Old Westbury, NY 11568 Tel: 516 248-4949 Fax: 516-248-9733 State of New York records say the company was incorporated on May 18, 2011, so it appears to be a ... Read More »

UFAN Sent Me a Form 1012-R Mailer to Keep me in My House

“Dear Steve, Received a Form 1012-R mailer from UFAN I called the # 1-866-395-7446 i was transferred to a legal assistant named Jacob Rasmussen. After explained all my situation he said that I will have to sent in a copy of the DOT (Deed of Trust) and the engagement agreement signed in order to be set up for a consultation ... Read More »

Mass Joinder Stein Fights Back and Sues California in Florida

For those unfamiliar with the mass joinder, tort litigation racket marketers have been engaged in, here are the basics. Some law firms have filed suit against lenders for the mortgage mess. And that’s fine. But marketers have been paid to sell consumers into these cases and those marketers have made all sorts of objectionable claims to consumers. I’ve published a ... Read More »

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