Edward Ericcson, Jr., a reporter for the independent baltimore city Paper discovered that the “victim” – who took out a full mortgage with no down payment on a house she couldn’t afford – looks more like a predatory borrower. And amazingly, Peterson lived in the home more than year without paying rent or mortgage.
Loan Officer Gets Five Months In Sale Leaseback, Foreclosure Rescue Scam; Equity Stripping Victim Hopes To Recover Title To Home. Mortgage companies promising to save a family from foreclosure actually fooled them into signing title over to a straw buyer and then sucked out the.
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The Home Equity Theft Reporter: South Florida Mortgage Broker, Others Accused In Foreclosure Rescue, Equity Stripping Lawsuit 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.
Rubio’s real estate dealings often a drag on his finances · Real-Estate Matters: Mortgage lenders tend to drag feet on short sales. prices will rise or the owner or buyer of the home will find the money necessary to make the deal and pay off the lender.
Equity stripping – the process of reducing the equity value of a real estate asset – is one of the oldest asset-protection strategies. Because of the personal relationship, owners assume that the lender will not foreclose in case of a period of slow or non-existent loan payments.
Home repair hacks. home repair contractor w/ Decades-Long History Of Targeting Elderly Chicago Homeowners In Equity Stripping Scams Using Subprime, Reverse Mortgages To Fund Shoddy, Incomplete Home Improvements Continues To Dodge Criminal Prosecution.
Overcoming Life’s Hurdles – Decision Magazine ‘Overcoming the hurdles of life by Bernadette Kerr is a self help book helping people devise means to face and cope with life challenges. bernadette a Business Consultant at B-Inspire Management Services, an Online Marketing Consultant, Author and Career Coach , is a graduate of Bromley College.
Foreclosure rescue scams & home equity theft. How they work and how to avoid them. They then use deceptive tactics to obtain ownership of your home for a fraction of its market value, and leave you homeless yet still the holder of the mortgage that is still in foreclosure.
"Federal Home mortgage disclosure act statistics analyzed by Wells Fargo Home Mortgage, for example, show that single women took out 13,246 home mortgages in the Portland area in 2005, about 20 percent of all loans for purchases. That’s roughly in.
Gasoline prices inched lower for the seventh straight week, but there are signs they may be near their low point prior to the July 4th holiday weekend, according to an Automobile Club of Southern.