Download or read book Mortgage Modification and Foreclosure Scams Alert written by and published by . This book was released on 2013 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Legislative Solutions for Preventing Loan Modification and Foreclosure Rescue Fraud written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 2009 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Consumer Advisory written by United States. Office of the Comptroller of the Currency and published by . This book was released on 2011 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mortgage Loan Fraud Loan Modification and Foreclosure Rescue Scams written by Financial Crimes Enforcement Network (U.S.) and published by . This book was released on 2010 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Prepared Statement of on Foreclosure Rescue and Loan Modification Scams written by United States. Federal Trade Commission and published by . This book was released on 2009 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Beware of Foreclosure Rescue and Loan Modification Scams written by and published by . This book was released on 2009 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Beware of Foreclosure Rescue and Loan Modification Scams written by and published by . This book was released on 2009 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Legislative Solutions for Preventing Loan Modification and Foreclosure Rescue Fraud Serial No 111 28 May 6 2009 written by and published by . This book was released on 2009 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Legislative Solutions for Preventing Loan Modification and Foreclosure Rescue Fraud written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 2009 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Forensic mortgage loan audit scams written by and published by . This book was released on 2010 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Iniquity written by Kelli Dudley and published by . This book was released on 2019-06-18 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning in 2006, foreclosures of residential home mortgages increased precipitously. Home values dropped, homeowners found themselves underwater, and banks eagerly foreclosed when payments were allegedly late. Homeowners turned to the courts and legal system only to find the system was entirely coopted by lenders and the attorneys who prosecuted foreclosures. In Cook County, homeowners were directed to contact services that ultimately required them to give up important rights, even due process rights like proper service of process afforded every other litigant in every other type of case. Homeowners were diverted into a court-sponsored mediation program that required them to file an answer that admitted away the entire case, unknowingly waiving defenses any competent attorney would have identified. Homeowners seeking help were herded into a training session where the first slide presented asked, "Why am I in foreclosure?" The only answer provided was: "Because you missed a mortgage payment." No discussion was had of false allegations of missed payments or other reasons for foreclosure. In reality, reasons included allegations such as failing to maintain homeowners' insurance and were sometimes false. Homeowners were urged to opt for a "graceful exit" solution--leaving their home earlier than legally required and without an assessment of their legal rights, much less competent representation in litigation. As if official action betraying homeowners were not enough, many of the attorneys holding themselves out as "save your home" lawyers misled consumers. At their worst, attorney-sponsored scams included persuading the homeowner to sign the deed to the home over to the attorney or a crony, requiring the homeowner to pay rent. Attorneys would commonly promise to save the home in exchange for a monthly payment of legal fees, $1,500.00 or more commonly being required. While collecting this money, they would fail to file an appearance, fail to appear in court, and do nothing reasonably calculated to save the home. In fact, the rare times the attorneys did act often resulted in hastening the loss of the home. Homeowners often relied on the attorney without finding out about the fraud for a year or more due to the inherently long foreclosure process. Their first notice nothing was done was often the sheriff's knock on the door to evict them from the home they believed was safe.The scams robbed people of their home equity and $20,000.00 or more in cash that could have enabled them to move to a new home. Homes were lost where they could have been saved with less then ten hours of competent legal work. Homeowners were herded into expensive schemes involving attorneys (or cronies who provided a kickback) taking money for loan modification applications or "forensic loan audits." The loan modification applications could be completed at no cost by highly competent housing counseling agencies certified by the United States Department of Housing and Urban Development. The forensic audits were almost always expensive, useless, and misleading. For example, they would identify legal violation that did not provide the homeowner with a private cause of action or defense to foreclosure. Homeowners would react to this misinformation combined with incompetent legal representation to dig in their heels for a completely illusory legal batttle, ignoring bona fide options to save the home with a competent attorney or HUD-certified housing counseling agency.Adding insult to injury, many "save your home" scammers targeted people based on race, religion, and national origin. This included misleading advertising on radio shows marketed to African-American and religious communities, reaching out through immigrant networks and churches, advertising in Spanish-language publications, and using culturally-loaded iconography.Homeowners paid many times--hostile court systems, lawyers, and scammers all took a cut. They lost homes and incurred debt.

Download or read book Stop Foreclosure Now Revised Edition for 2012 written by and published by Jonathan Aronson. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Home Foreclosures written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Commercial and Administrative Law and published by . This book was released on 2010 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How to Get Out of Foreclosure with a Loan Modification written by HowExpert and published by HowExpert. This book was released on 2016-09-21 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: If You Want To Learn How to Get Out of Foreclosure with a Loan Modification, Then Get This Potentially Life Saving Book! A home loan remodification is a method you may qualify for that allows you to get current again. If you are behind several payments, you may be in fear of foreclosure. Perhaps that process has already been started and you are afraid you will lose your home. A loan remodification can allow you to re-age your loan and get a payment you can afford with your current financial circumstances. Instead of trying to come up with a lump sum of money to save your home, you only have to focus on being able to meet that monthly mortgage payment. The process to qualify for a home loan remodification takes time and you have to follow the steps or you can be denied for failure to comply. Once your application is in motion, the foreclosure process will be put on hold. This gives you and the mortgage company time to go through all of the paperwork and see what can be done. Most lenders want to extend a remodification loan to you rather than foreclosure on the property. With that in mind, it is to your advantage to see if you qualify. About the Expert I didn’t know about loan remodification until my home was already in foreclosure. I was trying to explore my options and came across the details. I was frustrated that my mortgage company hadn’t taken the time to share that with me as a possibility. They had no trouble calling me at least twice per week to ask for the full amount I was due. They refused to take payments and didn’t seem to care about the reason why I was getting behind. Armed with information, I called them and asked for a loan remodification application. I am glad I did as it got me back on track with my home loan. I am hopeful this process can do the same for you. If you are facing foreclosure, you definitely want to look into home loan remodification as an opportunity. HowExpert publishes quick 'how to' guides on all topics from A to Z by everyday experts.

Download or read book Facing Foreclosure written by and published by . This book was released on 2009 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some homeowners are being targeted by scammers promising loan modifications, lower interest rates and foreclosure relief. You shouldn't believe their claims.

Download or read book The Truth about Your Bad Home Loan written by Sandy White and published by Lulu.com. This book was released on 2008-01-08 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: If every defaulting loan followed the advice in this book, this country could avoid increases in homelessness, crime, domestic abuse, broken neighborhoods, and so much more. Keeping these families in place as long as possible, and maintaining the property, is in the best interest of the borrower, lender, neighborhoods, law enforcement and government. Sandy White offers: * State specific resources for filing complaints; * The stages of foreclosure and eviction; * Foreclosure scam awareness and the law; * An understanding of options that may help save money; * How and why you should stay in your house as long as possible. The information in this book will help get your voice heard, document your position, and possible recourse against the people that violated your trust. This book is a must read for anyone with a bad mortgage loan, industry professionals, and those seeking a future mortgage loan.

Download or read book Beware of Foreclosure Rescue Scams written by Federal Deposit Insurance Corporation and published by . This book was released on 2009-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A new breed of scam artist has grown along with the current mortgage crisis. This pamphlet describes common foreclosure rescue scams, tell-tale signs of a scam operator, and whom to contact if you're caught in a scam.