Posts tagged as:

home owner scam

FBI Files Criminal Charges Against Metro Dream Homes ‘Dream Homes’ Turns into Nightmare

by Moe Bedard

The company had all the trappings of success—its top officials lived lavish lifestyles, kept a fleet of chauffeur-driven cars, and donated generously to charities. And it used slick marketing to sell its “Dream Homes Program,” which promised to pay homeowners’ mortgages in return for an up-front fee that would be invested in profitable business ventures.
But [...]

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Nevada Attorney General Announces Mortgage Fraud Strike Force

by Moe Bedard

From the Nevada Attorney General, Press Release April 7, 2009
Carson City Attorney General Catherine Cortez Masto warns as the mortgage crisis continues to unfold, record-breaking home foreclosures will be experienced and many homeowners will be forced to make tough choices.
Nevada is number one in the nation for foreclosures, with one filing for every 70 households. [...]

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Loan Modification Crackdowns and Their Effect on the Public

by Moe Bedard

By Moe Bedard
Following suit with Treasury Secretary Geithner’s warnings, more foreclosure consultants are being sued by Attorneys General throughout the United States. Today, Indiana Attorney General Zoeller indicated he was suing five foreclosure consultants in his state. Personally, I think it’s a good thing that fraudulent foreclosure consultants are being prosecuted. However, I am increasingly [...]

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Federal Government and State Governments Get Serious About Mortgage Scams

by Moe Bedard

By Moe Bedard
NECN.com featured a video news release this morning making it very clear that the federal and state governments will be taking aggressive action against fraudulent loan modification firms. Treasury Secretary Timothy Geithner directly addressed the federal government’s position indicating “…we will aggressively pursue individuals involved in mortgage rescue scams.” Both the Massachusetts Attorney [...]

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