Four years ago now the California Department of Justice swooped in an shut down an enterprise they claimed was taking advantage of consumers who were seeking mortgage modification or actions against the mortgage company. More can be read here. The parties named in the original action included: Attorneys Processing Center, LLC, also doing business as …
It’s hard to believe it has been nearly four years I’ve been writing about Mitchell Stein, an attorney out of California who, at the time, was involved in the mass joinder approach of selling consumers hope they could sue their mortgage company. Stein seemed to be at the forefront of the movement that was selling …
Double Whammy: Mortgage Settlement Payments Will Be Taxed (via Credit.com) If you are one of the more than 1.8 million people who have received a check from the Independent Foreclosure Review (IFR) settlement — or if you have one coming — don’t spend it all in one place. These payments are considered taxable income for …
I’ve seen and covered so many mortgage modification scams that I wanted to show you how you can save yourself from being scammed, save thousands and modify your mortgage for free. Before you launch into paying anyone thousands for mortgage modification assistance you should explore your free options first. It’s important to know there is …
Over the past few years there have been so many companies and people preying on homeowners in financial trouble. Wether it is the sale of a land trust, mortgage modification, mass joinder legal action against a lender, or whatever. The schemes and tricks never seem to end. But thanks to a reader who let me …
A tipster (send in your tips here) sent me an email and asked me to look at Fulcrum360 and said it was the new mortgage modification company with Paxton Guymon as registered agent. Guymon was also the registered agent of Modify Utah which suddenly closed up doors and left people stranded. – Source According to …
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 …
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, …
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 …
Update – September 27, 2019 Today I received the following email purportedly on behalf of Paul Gellenbeck. “We are respectfully at this time contacting you on behalf of our client Mr. Paul Gellenbeck, with respect to your URL posting as listed hereinbelow. We are at this time making a respectful request for you to REMOVE …