Posted by Home Equity Theft Reporter at 12:07 AM 0 comments Links to this post. A Florida appellate court recently issued the following decision reversing a lower court ruling that forced a foot-dragging, foreclosing mortgage lender to either proceed with a foreclosure sale or begin paying the.
Would you like a side of fries with your negatively amortizing home loan? For those counting on a grant or a loan from the federal government, that takes time. "If you didn’t have flood insurance and are relying on FEMA, those guys are way behind in viewing the properties,".
.allegedly stripped the equity from the homes of desperate homeowners facing foreclosure. from the equity in their homes and, instead, defrauded the homeowners and mortgage lenders. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments.
Two men were charged in indictments unsealed this week with hacking into computer servers of a major U.S. mortgage broker to steal personal information and siphon $100,000 in funds from the accounts.
Home equity scams Mortgage rescue fraud Choosing a loan Home equity do’s Home equity don’ts reverse mortgages You could lose your home, the equity you have built in your home and your savings if you are pressured to take out a loan by unscrupulous lenders or mortgage brokers who.
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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.
Low rate options on both Home Equity Loans and Home Equity Lines of Credit (HELOC). No prepayment penalties. find helpful articles with advice on credit union mortgages, guidance on the home buying process in South Florida and things you can do to your home even after you’ve moved.
Foreclosure is the process where a mortgagee (lender) will sell, or take ownership of, a property when the owner defaults on the mortgage. In other words, the homeowner entered into a contractual agreement in order to buy the property but has not been able to meet the promises made under the.
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 Sometimes reverse mortgage fraud involves more subtle deception – the lender or other advisor is.