Tag Archives: foreclosure rescue
- Florida Bar Issues Warning to Lawyers Getting into Mortgage Modification With Non-Lawyers
A recent article by the Florida Bar seems to also be relevant to those attorneys that are selling mass joinder litigation to go after banks that issued mortgages. The mass joinder sales reps frequently say it is a solution to help avoid foreclosure. Here is an excerpt of what the Florida Bar has said: The [...]
- I Need The Name of a Credible Loan Modification Company. – Charlotte
Charlotte wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Michigan Goes After 19 Foreclosure Rescue Companies
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 [...]
- FTC Hits Mortgage Relief and Foreclosure Rescue Scams Hard
As part of the agency’s continuing crackdown on scams that prey on financially distressed homeowners, the Federal Trade Commission announced legal actions against more than a dozen marketers accused of pitching bogus mortgage modification or foreclosure relief services. FTC settlement orders ban 16 marketers from the mortgage modification or foreclosure relief business. The promoter of [...]
- Report on Different Types of Foreclosure Rescue and Loan Modification Scams
Here is the latest report out from the Financial Crimes Enforcement Network regarding loan modification and foreclosure rescue scams. – Source Early reports of loan modification/foreclosure rescue scams identified subjects purporting to be loan modification or foreclosure rescue specialists. These subjects targeted financially troubled homeowners with promises of assistance. These scams involved the homeowners signing [...]
- California Loan Modification and Foreclosure Scam Results in Four Arrested and Five Wanted
California Attorney General Edmund G. Brown Jr. today announced that nine men engaged in a Southern California boiler room, tricked out in high-roller style with a roulette wheel and other casino equipment, have been charged with 97 criminal counts for stealing at least $2.3 million from more than 1,500 desperate homeowners who were promised loan [...]
- 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 [...]
- Foreclosure Scam Ringleader Faces 49 Years Behind Bars
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 [...]
- Forensic Loan Audits and Foreclosure Rescue Companies are a Scam Says California Attorney General
Attorney General Edmund G. Brown Jr. today joined the California Department of Real Estate (DRE) and the State Bar of California in warning Californians to avoid forensic loan audits, the loan-modification industry’s latest “phony foreclosure-relief service,” in which homeowners pay up-front fees for a forensic review of their lender’s practices, but are provided no actual [...]
- FTC to Ban Upfront Fees for Foreclosure Rescue or Mortgage Modification
The Federal Trade Commission moved to protect distressed homeowners from the promoters of bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge up-front for these services. Instead, companies could only collect payment after providing services. “Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t have [...]
- Mortgage Rescue Scam Results in Guilty Plea From Lawyer
In a look into the future when more lawyers are going to find themselves in hot water from current foreclosure avoidance scams, yet another lawyer has been found guilty of running a foreclosure rescue or mortgage rescue scam. This time the show unfolded in Pennsylvania. The government alleged that Doherty and four others targeted homeowners [...]
- Core Pac Solutions, the Foreclosure Rescue Company, to Close Doors Momentarily
So there’s this company, Core Pac Solutions that promised to be a big help if you were facing mortgage trouble. Let us share with you how we can help. For most Americans your most important purchase and most valuable investment is your home. When experiencing a financial hardship and the threat of losing your home, [...]
- Maryland AG Stops Foreclosure Rescue Scam to Strip Equity
Attorney General Douglas F. Gansler announced that his Consumer Protection Division has won a judgment in the Circuit Court for Baltimore City of nearly $1 million against Rodney Spellen, Mid Atlantic Consulting, Inc., Jemel Lyles, Absoloot Ventures Inc., Brian Boyd, 1st Choice Property Management Firm, Inc., Sahar Ali, Alan Muniu, Phillip George, Certified Title & [...]
- North Carolina Stops Foreclosure Scam by US Consumer Solutions and The Lamb Group
A Kannapolis, North Carolina foreclosure rescue operation is barred from collecting any money from consumers for foreclosure assistance or loan modifications, Attorney General Roy Cooper announced Friday. [As you read this remember that US Consumer Solutions and The Lamb Group are tied together. Look for the bolded section below.] “Scammers entice struggling homeowners with false [...]
- Peoples First Financial and FHA All Day in the News Again.
Several loan modification companies made an appearance in a recent Atlanta Journal Constitution article, ‘Companies Promise Foreclosure Help, Don’t Deliver‘ about the dangers of loan modification or foreclosure rescue companies. Companies are facing both civil and criminal charges in different states for their actions which are generally considered to rip-off consumers by promising services these [...]