Foreclosure Frauds and Scams

Cox Files Criminal Charges Against 19 for “Foreclosure Rescue” Scams July 30, 2010 by Michigan RealEstateRama LANSING, MI – July 30, 2010 – (RealEstateRama) — Attorney General Mike Cox today announced the filing of 19 criminal complaints and a total of 69 charges against illegal advanced fee “foreclosure rescue” operations accused of defrauding Michigan families [...]

June 7, 2010 By BankSlayer The latest foreclosure rescue scam to exploit homeowners is a forensic mortgage loan audit says the FTC.  They should have said MAY BE a scam.  What the FTC doesn’t tell you is that it is only a scam if there is no value to the audit.   A good audit will [...]

PHILADELPHIA USDOJ (LoanSafe.org) —Gennaro Rauso, who owned and operated a real estate management company that purported to help financially distressed homeowners with their foreclosure problems, was charged today by information with several mortgage fraud related offenses. The information alleges that as part of his scheme, Rauso took advantage of desperate homeowners with the promise of [...]

There are many rogue foreclosure rescue consultants out there that approach distressed homeowners, in danger of losing their homes to foreclosure, with promises that only they can save their homes from foreclosure.  This is totally false.  These are promises that cannot be made and in fact are illegal in many states. Also, many of these [...]

In previous posts we have discussed that if you are behind on your home loan payments you should never pay an upfront fee to a foreclosure rescuer because of the risk of being coming a foreclosure fraud victim.  To avoid foreclosure scams this is true.  The only exception to this rule is if you are [...]