Friday, March 16, 2012

Mortgage Scams Identity Theft - Thu Mar 16, 2012


National Lawyers' Committee File Suit for Foreclosure Rescue Scam Targeted at ...
LoanSafe
The targeting of this scam on Hispanics is alleged to violate the anti-discrimination provisions of the Fair Housing Act. This is one of first cases filed in federal court that alleges a violation of the Fair Housing Act based on a mortgage rescue scam ...
HUD grants $42 million in housing counseling funds
Reuters
The money will help those families receive free assistance on how to avoid foreclosure or mortgage scams, and teaches buyers how to purchase or rent a home, HUD said in a statement. The $42 million comes from the fiscal 2012 budget that restored ...
War hero scammed out of life savings
Wetherby Today
Mr Syson had hoped to increase his savings to £72000 in order to pay off his mortgage, but instead he lost the lot. His daughter, Alex Syson, said: “My father came from a council house background – they had nothing. He's worked extremely hard all his ...

NEW: Reed Announces $239000 in Housing Counseling Assistance
GoLocalProv
The federal counseling funds may also be used to combat predatory lending by helping borrowers review their loan documentation and avoid potential mortgage scams, unreasonably high interest rates, inflated appraisals, unaffordable repayment terms, ...


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