Consumer Pamphlet: Mortgage Fraud. Note: This pamphlet is available online only. Table of Contents. Home equity scams Mortgage rescue fraud Choosing a loan Home equity do’s Home equity don’ts Reverse mortgages High-cost mortgage loans HOEPA For more information on mortgage fraud
Foreclosure Rescue Scams Lease-Back or Repurchase Scams – In this sce-nario, a promise is made to pay off your delinquent mortgage, repair your credit and possibly pay off credit cards and other debt. However, in order to do this, you must "temporarily" sign your deed over to a "third party" investor.
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LOS ANGELES (Reuters) – As Los Angeles housing advocates launched a campaign warning of mortgage rescue scams, a couple hit by foreclosure. national public-awareness effort urging homeowners to.
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Have you been scammed online of offline by a loan lender?. were not listed with the better business bureau or the Department of financial regulation in Florida.. he saw that he wasn't getting any money from me.he said F*** off. a victim of scam recently,But i am glad that i was rescued by Mr Oliver Jenkins,I thought.
– A Foreclosure rescue scheme often begins with a scam artist offering a promise to pay off your delinquent mortgage. Here is a series of steps that follows in which the scammer cashes out the equity in the home and disappears:
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Beware of Foreclosure Rescue Scams! Real Help is Always free! foreclosure rescue and mortgage modification scams are a growing problem that could cost you thousands of dollars – or even your home. Scammers will make promises that they can’t keep, such as guaranteeing to "save" your home or lower your mortgage payments, usually for a fee, Read More
Scams related to mortgage and loans have increased tremendously in the recent years and perpetrators have played lots of criminal activities in this area. Scammers will pose as a leading home financier or reputed money lender and make fake calls to hundreds of people those who are in need of home or mortgage loans.