Latest Posts
Home > Tag Archives: MERS

Tag Archives: MERS

Fidelity Land Trust, Heritage National Land Trust, and Sunshine State Land Trust Company in the News

Previously I wrote a couple of articles about Fidelity Land Trust, that appeared to be selling a service to consumers where the consumer would deed their property over to the land trust company, for a fee. In the past few days Fidelity Land Trust and others have resurfaced in the news, specifically in the Palm Beach Post. Kimberly Miller of ... Read More »

Billion Dollar Foreclosure Settlement Money Goes Elsewhere

justball-144x125

by Paul Kiel and Cora Currier ProPublica States have diverted $974 million from this year’s landmark mortgage settlement to pay down budget deficits or fund programs unrelated to the foreclosure crisis, according to a ProPublica analysis. That’s nearly forty percent of the $2.5 billion in penalties paid to the states under the agreement. The settlement, between five of the country’s ... Read More »

Six Required To Pay Millions From “U.S. Homeowners Relief” Scheme

The Federal Trade Commission (FTC) announced they are requiring “U.S. Homeowners Relief” defendants to pay millions in their settlement along with banning them from the debt and mortgage relief business. The FTC had charged six defendants (that have agreed to settle) in the participation of a fraudulent mortgage modifications and foreclosure relief scheme. The settlement orders require five defendants to ... Read More »

Florida’s Foreclosure Solution Specialists Operators Charged With Fraud

Earlier this month it was announced that Lisa Wright, Cathy Saffer and Carrington Coombs were all charged with fraud in a Florida foreclosure rescure scheme. Wright and Saffer were charged with conspiracy to defraud homeowners and banks in a foreclosure rescue scheme. Coombs, a certified public accountant, was also charged as a participant in the scheme. A federal grand jury ... 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 »

Should I Hire All State Law Group to Modify My Bank of America Mortgage? – Charles

justball-144x125

“Dear Andy, Tried twice to to get a modification with BOA with no success,have ask a law firm to help, but cant find any info on the firm Should I retain this law firm from calif. THEY WHAT THREE PAYMENTS ONE TO START, THEN ONE IN THE MIDDLE AND THE REST AT THE END. 1500-1000-500. Sr. Underwriter Toll Free: 866-887-4691 ... Read More »

A Closer Look at MERS, the Industry’s Controversial Mortgage Clearinghouse

justball-144x125

by Marian Wang, ProPublica As we’ve noted in several posts, one player that has been featured in the foreclosure scandal and is currently under federal investigation is the Mortgage Electronic Registration System, or MERS. Despite the fact that MERS keeps electronic records on about half of all home mortgages in the country, the system is hardly a household name. The ... Read More »

Robo-Signer Foreclosure Scandal Update

justball-144x125

by Marian Wang, ProPublica There are more headlines every day about banks using shortcuts and questionable paperwork to push through foreclosures. A group of 40 state attorneys general is expected to announce an investigation this week into the mortgage servicing industry, while calls for a nationwide moratorium on foreclosures– an idea the White House opposes– have grown louder. It’s not ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.