Foreclosure Scams

Va Settles Foreclosure Rescue Case, Files Another

(Source: Bloomberg Businessweek) – Virginia has reached a settlement with one mortgage loan modification company and sued another.


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Homeowners Receive False Foreclosure Notes

(Source: Albert Lea Tribune) – Homeowners experiencing troubles with mortgage lenders after their monthly mortgage payments are modified are common in Minnesota.


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New Jersey Foreclosure Rescue Scammer Sentenced to More Than 13 Years in Prison

(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 [...]


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First Universal Lending: FTC Stops Bogus Loan Modification Firm

(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 [...]


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Californians, Ethnic Minorities Hit Hardest By Foreclosure Rescue Scams

(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.


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Beware Loan-Modification, Foreclosure Scams

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 [...]


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Mass Joinder Lawsuit Looks Like An Organized Nationwide Criminal Mortgage Gang

(Source: LoanSafe.org by Moe Bedard) – Can anyone say RICO? And no, I am not talking about Rico Suave either….


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Real-Estate Scam That’s Devastating Prices

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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