Latest Posts
Home > Debt Articles > Mortgage Related (page 5)

Mortgage Related

U.S. Attorney Charges Wells Fargo With Mortgage Fraud

Ready to Collapse

A loyal reader sent in a tip about a recent suit by the Manhattan U.S. Attorney against Wells Fargo Bank over mortgage fraud. Preet Bharara, the United States Attorney for the Southern District of New York, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today ... Read More »

    ProPublica Raises Concerns Over Bank of America’s Foreclosure Review Process

    Ready to Collapse

    by Paul Kiel ProPublica Late last year, the country’s bank regulators launched a massive program to evaluate millions of foreclosure cases and compensate homeowners who fell victim to the banks’ flawed or illegal practices. Regulators dubbed it the “Independent Foreclosure Review” to emphasize that the banks would not be making key decisions about loans they had made or serviced. But ... Read More »

      Washington State Goes After 40 Companies in Mortgage Foreclosure Rescue Fraud

      Thanks to a reader we learn about the State of Washington taking an aggressive and bold step against companies selling mortgage foreclosure rescue assistance. This action includes a number of actions against attorneys which are apparently not licensed to practice in the state. “Since 2009, DFI has charged an ever-increasing number of unlicensed businesses with preying upon desperate homeowners who ... Read More »

        New Life Financial Solutions, 1st United Consultants, and Expense Management America Exposed by Get Out of Debt Guy and Nailed by FTC

        As far back as early 2011, the GetOutOfDebt.org site has been publishing information about and warning consumers about suspicious and concerning practices by a number of interrelated companies promising financial help and foreclosure relief. These schemes were not uncovered by the site alone. Readers and insiders also sent in critical information that led to the unraveling of the operations. From ... Read More »

          Mortgage Modification and Foreclosure Rescue Companies Hammered by FTC

          The Federal Trade Commission has announced some sweeping actions to protect homeowners that have been harmed by companies promising mortgage assistance but who allegedly only took money and ultimately didn’t deliver the help and outcomes promised. Prime Legal Plans/Reaching U Network. The FTC alleged that from at least mid-2010, the defendants behind this scheme marketed mortgage relief services in English ... Read More »

            California Man Arrested Who Had Consumers Deed Property to Trust to Lower Mortgage

            Alan David Tikal, 44, of Brentwood, Contra Costa County, Calif., was arrested on Friday at his home on a complaint charging him with mail fraud for masterminding a multistate scam that defrauded distressed homeowners, announced the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the Eastern District of California Benjamin ... Read More »

              Realty Attorney Group APC and Realty Group & Consulting Seized in California

              The State Bar of California announced today it has shut down the operations of an Ontario lawyer who allowed his name and law license to be used in a scheme to defraud distressed homeowners. The bar obtained a court order (attached) this morning to assume jurisdiction over the law practice of Gary David Tracy, 50, (bar # 167212). His firm, ... Read More »

                Certified Forensic Loan Auditors Offers Quiet Title Class

                A readers sent in a link to an upcoming class on “Achieving Principal Reductions with Lenders by Creating Leverage,” a class on mortgage securitization and quiet title actions. – Source It’s an interesting class to see, especially as hard as the Florida Attorney General hit some land trust companies in Florida this week who were selling quiet title debt relief. ... Read More »

                  Details on Florida Attorney General Lawsuit Against Fidelity Land Trust, Ed Cherry, Larry Diodato and Others

                  Screen Shot 2012-09-26 at 3.38.41 PM

                  The following is additional information about the complaint filed against Edward Cherry, Lawrence Diodato, Paul Gellenbeck, Shane Frankovic, Anthony C. Pintsopoulos, The Fidelity Land Trust Company, LLC, The Sunshine State Land Trust Company, LLC, Florida Land Trust Services, LLC, Growth Capital Funding, LLC, August Belmont And Company, LLC, Esquire Litigation Support, LLC, Click Media Consulting, LLC doing business as Florida ... Read More »

                    Fidelity Land Trust, Ed Cherry, Larry Diodato, Paul Gallenbeck, and Others Named in Florida AG Suit to Shut Them Down

                    Screen Shot 2012-09-26 at 1.09.13 PM

                    The Palm Beach post today is reporting the Florida Attorney General has filed a 45 page suit against some familiar names to readers of this site. The defendants include Edward Cherry, August Belmont & Company, Lawrence Diodato, Fidelity land Trust, Shane Frankovic, Anthony Pintsopoulos, Click Media Consulting, Florida Home Rescue Mission, Esquire Litigation Support, Growth Capital Funding, Sunshine State Land ... Read More »

                      NC AG Warns Consumers About Community Mortgage Assistance Program, Lender Exchange, and Tidewater Financial

                      Ready to Collapse

                      A tipster (send in your tips here) has alerted me that North Carolina has recently taken action against some foreclosure rescue companies. Three North Carolina companies that claim to help people win lower mortgage payments and save their homes from foreclosures are instead ripping off homeowners and must be shut down, Attorney General Roy Cooper said Monday. “These schemes promise ... Read More »

                        Consumer First Legal Group Concerns Raised by Reader

                        Screen Shot 2012-09-14 at 1.48.54 PM

                        We recently received a tip from a reader that made some claims about Consumer First Legal Group. The tipster (send in your tips here) said: “im sure you already have the jump on a few things. but in case you dont LHDR – The Mortgage Law Group now go by “Consumer First Legal Group”. They are playing the shell game ... Read More »

                          State of Washington Seniors Warned to Watch for Fake Reverse Mortgage Sales People

                          Ready to Collapse

                          The Washington State Attorney General’s Office is joining the Washington State Departments of Veterans Affairs and Revenue in warning consumers about complaints they’ve received from seniors who say they’ve received calls from solicitors posing as state agents for a senior property tax relief program. The Department of Revenue learned Washington seniors are complaing that they have been contacted by solicitors ... Read More »

                            Attorney Withdraws From Rampart MMW – Omni Home Solutions Bankruptcy to Shield Homeowners

                            Screen Shot 2012-08-20 at 1.02.41 PM

                            A tipster (send in your tips here) alerted me that last week, Monica L. Montgomery, Esq, withdrew as the attorney representing Rampart MMW in their recent bankruptcy filing they sold access to consumers in to hopefully stop home foreclosure. Montgomery filed the chapter 11 bankruptcy on June 20th and I previously covered that filing and a former client spoke out ... Read More »

                              Good News on Mortgage Delinquencies. Down Again.

                              Mortgage delinquency infographic

                              Recent data out about mortgage delinquencies shows an encouraging sign, defaults are down again. The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) dropped for the second consecutive quarter, declining to 5.49% in Q2 2012. The mortgage delinquency rate has now dropped nearly 9% in the first six months of this year. This information ... 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.