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Mortgage Related

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.

      Ready to Collapse

      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


                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

                  Ready to Collapse

                  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

                    Ready to Collapse

                    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 »

                          Nevada Bitch Slaps Bank of America Over Mortgage Mess

                          Ready to Collapse

                          by Paul Kiel, ProPublica The state of Nevada dramatically expanded its lawsuit against Bank of America today, turning the narrow case it filed late last year into a broadside that targets virtually all aspects of the bank’s mortgage operations. Bank of America has previously denied wrongdoing. The sweeping new suit could have repercussions far beyond Nevada’s borders. It further jeopardizes ... Read More »

                            David Ramba – Ramba Law Group – Target of Mass Joinder Investigation by Florida Bar

                            David Ramba and Ramba Law group, who I’ve reported on before is back in the news. See Ramba Law Group Named in Article the Warns Consumers About Mass Joinder Suits Against Mortgage Lenders. According to the Palm Beach Post, Phillip Kramer, the attorney raided and sued by the California Attorney General for deceptive advertising and fee splitting in relation to ... Read More »

                              UFAN – United Foreclosure Attorney Network

                              UFAN Contact Screen

                              This article was written back in August of 2011. Since that time Kristin Crone, Esq. of UFAN has taken a number of steps to address issues I was critical of and worried about. Personally I have found her to be a person of action that does try to help people. I think you will find the UFAN of today to ... Read More »

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