Home equity theft can happen anywhere; the state of New York has legislation, referred to as the Home equity theft prevention act (hetpa), which specifically The target is foreclosure rescue or assistance companies that offer to help a homeowner in foreclosure or default "save" his home, but.
2015-10-26 · The latest news from across Canada and around the world.
In an equity theft scam, the perpetrator will purchase a home that is in foreclosure or distressed The home is then sold to a senior citizen, who takes out a reverse mortgage after occupying the In a foreclosure rescue scam, the perpetrator will identify seniors who are at risk of losing their homes.
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So-called "foreclosure rescue companies" claim they can help save your home, but they can’t really do that. They’re just out to make a fast buck. Contact your mortgage company as soon as possible if you’re having trouble paying your mortgage or if you get a foreclosure notice.
The administration also let the "bailout" label stick to the package right from the start. By the time President Bush started calling it a "rescue" measure, it was too late. House leaders, meanwhile,
13 South Florida residents, including licensed mortgage brokers and attorneys, stand accused of engaging in a $16m mortgage fraud scheme, according to indictments made public this week. The documents, unsealed in a Fort Lauderdale federal court, alleges the defendants bought and sold.
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Foreclosure Rescue and Mortgage Debt Relief Scams. Foreclosure "rescue" and refinance frauds. The scam artist offers to help a homeowner in financial difficulty Scammers sometimes claim to be able to eliminate a homeowner’s debt through "secret laws" or other financial and legal wizardry.
Equity skimming is a tried and true method of committing mortgage fraud. Today’s common equity skimming schemes involve the use of corporate Foreclosure Schemes – The perpetrator identifies homeowners who are at risk of defaulting on loans or whose houses are already in foreclosure.