Monday, April 16, 2012

Mortgage Scams Identity Theft - Mon Apr 16, 2012


Nonprofit warns foreclosure prevention scams up 60% in 2012
Housing Wire
The nonprofit group, which helps distressed homeowners through the non-profit's HOPE hotline, says the number of mortgage foreclosure scams grew nearly 60% in 2012. The scammers, they say, are able to capitalize on the hype surrounding homeownership ...

Predatory Businesses Turn To Laywers When They Want To Reel In Homeowners
Business Insider
Nearly all foreclosure rescue scams have one element in common: They charge massive upfront fees from their victims. As a deterrent, most states have some sort of law in place banning advance fees, but since many exclude attorneys from the rule, ..
Mortgage fraud rampant in recovering market | American Observer
It was called the “Dream Homes Program.” But for the Washington, D.C.-area residents who plunked down $55000 for a chance to cut years off their housing ...


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