(Source: Bloomberg Businessweek) – Virginia has reached a settlement with one mortgage loan modification company and sued another.
(Source: Albert Lea Tribune) – Homeowners experiencing troubles with mortgage lenders after their monthly mortgage payments are modified are common in Minnesota.
(Source: USDOJ) PHILADELPHIA, PA – Gennaro Rauso, 47, of Trenton, NJ, was sentenced today to 160 months in prison for several mortgage fraud related charges, announced United States Attorney Zane David Memeger. Rauso owned and operated a real estate management [...]
(Source: FTC by Moe Bedard) – Under a settlement with the Federal Trade Commission, a federal court banned three men and their company from the mortgage modification business and ordered them to pay nearly $19 million for consumer refunds. The [...]
(Source: the Californian by Broderick Perkins) – If you live in California and find yourself facing foreclosure, chances are greater than in any other state you’ll be the victim of foreclosure rescue fraud.
LOS ANGELES (Source: KABC) – One in nine homeowners nationwide are more than 90 days behind on their mortgage payments and fear of foreclosure has desperate homeowners turning to loan modifications or foreclosure rescue companies for help. But that may [...]
(Source: LoanSafe.org by Moe Bedard) – Can anyone say RICO? And no, I am not talking about Rico Suave either….
WASHINGTON (Source: MarketWatch By Lew Sichelman) — Question: My neighbor in Palm Springs, Calif., who claims to have millions or more in the bank, let his home with a $1 million mortgage go into foreclosure. A real-estate friend of his [...]
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