Foreclosure Frauds and Scams

FTC Puts Mortgage Foreclosure “Rescue” Company Out of Business April 29, 2010 by FTC April 29, 2010 – (RealEstateRama) — The Federal Trade Commission has put a permanent stop to another mortgage foreclosure “rescue” operation that allegedly promoted bogus loan modification and foreclosure relief services. The case is one of 17 lawsuits the FTC has [...]

The Obama administration announced a new plan on March 26, 2010 as an expansion of its efforts to prevent foreclosure. The new plan will provide mortgage help to unemployed and “underwater” homeowners. The administration officials said that lenders have been slow to implement the Home Affordable Modification Program and so, only about 170,000 homeowners have [...]

Victims of Foreclosure Rescue Fraud to Receive Refunds September 17, 2009 by Michigan RealEstateRama LANSING, MI – September 17, 2009 – (RealEstateRama) –Attorney General Mike Cox today announced that Michigan residents victimized by foreclosure fraud schemes can receive refunds as a result of charges filed against SaveMyHome USA, Payment Doctors and the Michigan Economic Reinstatement [...]

Governments around the world seize properties for a number of reasons. Properties might include movable assets such as vehicles, immovable assets such as houses, lands and it can even be cash and other financial instruments. Governments mostly seize houses because of the owner of the property not meeting some legal obligation like non payment of [...]

What The Heck Is A Government Foreclosure Auction? When we hear that a house or farm is going up for foreclosure, we tend to think of the bank coming in to claim ownership. But the government, and not just banks, can also seize property, farms, ranches, condominiums or mobile homes. The US government can seize [...]