Federal agencies are taking aim at scams and con artists that promise to provide mortgage relief to struggling homeowners with a newly formed task force that will investigate and shut down schemes that prey on homeowners looking to apply for the Home Affordable Modification Program.
scams – Yahoo! News . . . → Read More: U.S. task force targets mortgage relief scams
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Federal agencies are taking aim at scams and con artists that promise to provide mortgage relief to struggling homeowners. The federal group overseeing the administration of funds from the 2008 bailout shuts down mortgage scams on Bing and Yahoo. The group targeted similar ads on Google last week. US officials have shut down scores of suspect scams that suckered homeowners with Google ads promising to help relieve them of burdensome mortgage debt. Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. The sagging economy and sluggish housing market create the perfect environment for mortgage scams, with desperate homeowners as easy prey for scammers. This is an interview that was conducted by Rick Wiles of TruNews.com talking with an anonymous man named “Al”. “Al” is a Professional debt collector. A client hired him to locate a debtor and collect the money. During his investigation into the original debtor, he unexpectedly stumbled across Michelle Obamas name and from there on, things . . . → Read More: Obama Identity Theft – Mortgage & Real Estate Fraud! Pt. 1 The sagging economy and sluggish housing market create the perfect environment for mortgage scams, with desperate homeowners as easy prey for scammers. You have to rip off mortgage borrowers by the thousand. The Fed alleges Wells Fargo (WFC) did just that during the housing boom, bilking “possibly more than 10,000″ out of sums reaching as high as $ 20,000 by slapping them with high-cost loans when they would have qualified for cheaper ones.The Fed fined Wells $ . . . → Read More: Wells Fargo’s big mortgage ripoff There’s a government program offering up to $ 50,000 to help people at risk of foreclosure. Scammers are trying to take advantage of the tight deadline to get help. by mdverde Methods to steer clear of scams when looking to do mortgage loan modification Mortgage modification is just not an totally new process inside property finance loan trade, it just turned a whole lot far more common recently. Being able to compensate the regular monthly expenses, you ask your bank to alter the ailments of your . . . → Read More: Methods to steer clear of scams when looking to do mortgage loan modification Question by Yahoo! Answers Fears Me: Who is to blame for the financial mortgage and lending crises? WASHINGTON – Using tools provided by the federal Community Reinvestment Act, community organizers led by a self-described . . . → Read More: Who is to blame for the financial mortgage and lending crises? realestatemarketingthisweek.com – World wide recession caused by the mortgage melt-down. Is inflation far behind? – Part 6 – What their ratings were based on was simply that nobody thought real estate would go down again. They were just going to keep going up forever, doesn’t really matter if you call it AAA or BBB. Isnt going . . . → Read More: Loan Modification – Home Mortgage Crisis causes Recession – RealEstateMarketingThisweek.com Many people today are suffering the loss of their jobs, their income and their homes. Legislation has been passed by Congress in an attempt to help these diligent home homeowners, who through no fault of their own are losing their homes to foreclosure proceedings by the banks and lenders. These desperate homeowners are contacting their banks . . . → Read More: Mortgage Fraud, Forbearance and Foreclosure Harvard Law Professor Elizabeth Warren speaks with Michael Moore about mortgage fraud & Financial Consumer Protection. From huffingtonpost.com Mortgage fraud strikes Valley homeowners Scam tricks exposed at Bridgewater library program |
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