The strangest tip just came in from someone that was helping a consumer with their mortgage problem. The tipster (send in your tips here) said: I got a call from a client. He’s the seller of a short sale we’re about to close on this month. His message, “I finally got my loan mod, it just came in the mail ... Read More »
Interesting. When a Debt Relief Company Gets in Trouble It Turns to Bankruptcy But Not Good For Potential Clients?
What I find interesting is that it seems many debt relief companies that were originally selling solutions to consumers to “avoid bankruptcy” and who stated bankruptcy should be avoided at all costs or only a last resort, turn to bankruptcy when the company gets into trouble. Hum. News10ABC in California is reporting: A foreclosure rescue company described as a “scam” ... Read More »
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 foreclosure relief. “Forensic loan audits ... Read More »
“Dear Steve, My uncle refinanced his home $260K to help his son, the loan has fraud written all over it. My uncle’s age 70 was given a 30 year loan, his wife’s name was taken off the deed with no consideration to facilitate the loan, they used an appraiser outside the area, used a false address as his living address ... Read More »