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Official Internet Site of the Florida Legislature. The Legislature finds that homeowners who are in default on their mortgages, in foreclosure, or at. to fraud, deception, and unfair dealings with foreclosure-rescue consultants or equity purchasers.. It is the further intent of this section to require that foreclosure-related rescue.
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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.
WASHINGTON, Feb 18 (Reuters) – Suspicious activity reports filed in the third quarter of 2009 showed a 7.5 percent increase in possible mortgage loan fraud. possible loan modification fraud or.
· This article discusses a new type of scam going on in Florida in which scammers try to force people to sell their homes with false claims of foreclosure. The scam seems very realistic because the scam always involves someone that was behind in.
The program, known as Property Assessed Clean Energy, had faced a challenge from U.S. senators led by Arkansas Republican Tom Cotton, who dubbed it a "scam. mortgage lenders and PACE proponents,
Mortgage fraud-related losses totalled $1.4bn in 2008, an 83.4 per cent rise over the previous year. In the first six months of 2009, losses exceeded levels for the same period in 2008 by $208m.
"This mortgage relief scam. Click Media Consulting, Florida Home Rescue Mission and american federal trust. multiple firms were used to "mask the organizational structure of the scheme and commit.
Beware of Foreclosure Scams There are dozens of unscrupulous companies popping up all over Florida claiming that they can "save" homeowners from foreclosure by stopping sales and forcing the banks to reduce the principle on the homes to market value.
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One large category of mortgage-foreclosure scams is the "rescue" — when the bad guys prey on the desire of homeowners to be rescued from looming foreclosure. A 2005 report from the National Consumer.
Beware of Mortgage Rescue Scams. You then make mortgage payments to the scam operator in lieu of paying the delinquent mortgage. However, the scam operator does not pay the existing mortgage or seek new financing. Each holder of a partial interest then files bankruptcy, one after another, without your knowledge.