Foreclosure Frauds and Scams

mortgage broker took my friend for his good credit and told him about investing in 2 properties. The homes turned into foreclosures. The broker stated he would pay the mortgages on the homes and he never did. The tenants were sending the broker their rent so he can pay for the mortgages. My friend was [...]

Hi my name is Jane and I am living in Virginia. I purchased a house in Woodbridge VA in Dec/2004.Tom was my mortgage agent. I made 10% deposit. (Contract amount was 5,000.00) US Express Mortgage Company approved first and second mortgage (1st 4K and 2nd 7K). About two months after settlement I received check book [...]

Hi my name is Jane and I am living in Virginia. I purchased a house in Woodbridge VA in Dec/2004.Tom was my mortgage agent. I made 10% deposit. (Contract amount was 5,000.00) US Express Mortgage Company approved first and second mortgage (1st 4K and 2nd 7K). About two months after settlement I received check book [...]

Basically, I refinanced a property through a company, which baited and switched mortgage documents so as to stick me with a one-month option ARM. I have ceased to make payments on a home I cannot afford, and the house has entered pre-foreclosure. Recently, the owner of the mortgage company plead guilty to mortgage fraud, and [...]

The borrower sent an application package for Deed in Lieu of Foreclosure at the same time that the lender filed a suit for foreclosure. Both were done before the other was received by either. Does the liklihood of the lender considering or accepting the DIL change now that a foreclosure suit has been filed with [...]