Friday, May 4, 2012

Mortgage Scams Identity Theft - Fri May 4, 2012


Scammers Posing as Government-Linked Refinancing Programs
LoanSafe
Federal authorities and local consumer advocates say this scenario is the latest twist on a scam to trick desperate homeowners into forking over cash. The scammers collect lists of homeowners who are in default on their mortgages or in foreclosure.
Economy so bad that scam artists suffer, says Justice Dept. official
Daily Caller
The average rate on the 30-year fixed mortgage jumped after standing pat for three straight weeks at record lows. But the rate stayed below 4 percent for the 12th straight week, keeping home-buying and refinancing attractive for those who can qualify.
Cases pending in alleged scam
Escanaba Daily Press
Two parties had signed land contracts and the third party moved into the home and had a year to get a mortgage. A civil case in Delta County District Court involves Ives suing James and Kristin Curtice for alleged damages to the home while they lived ...


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