Posts tagged as:

Homeowner Scams

Maryland to Send Homeowners to Jail Who Vandalize Homes on Exit

by Moe Bedard

ANNAPOLIS, MD. — Maryland tenants and homeowners who vandalize or put graffiti on residential properties going through foreclosure could face steep fines and jail time under legislation proposed in Annapolis.

Delegate Andrew Serafini, R-Washington County, is sponsoring the measure,

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FTC Obtains Court Order Halting Deceptive Mortgage Relief Internet Ads

by Moe Bedard

Marketers Falsely Claimed to Operate MakingHomeAffordable.gov
At the Federal Trade Commission’s request, a federal district court issued an order to stop an Internet-based operation that pretends to operate “MakingHomeAffordable.gov,” the official Web site of the federal Making Home Affordable program for free mortgage loan assistance. The FTC alleged that the defendants deceptively diverted consumers who searched [...]

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Scammed Hope Now Homeowners Left in the Cold?

by Moe Bedard

Just this last month, the FTC had issued court injunctions on two predatory loan modification companies. These companies were parading around advertising their services in a manner very similar to the 2008 Paulson formed Hope Now coalition of mortgage servicers dedicated to foreclosure prevention.
The Federal Trade Commission convinced a U.S. district court to order two [...]

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Court Grants Emergency Request to Halt Jacksonville Foreclosure Rescue Company’s Up-Front Fees

by Moe Bedard

TALLAHASSEE, FL—Attorney General Bill McCollum today announced that his office has obtained a court order temporarily prohibiting a Jacksonville company from charging up-front fees for foreclosure-related rescue services. According to the order issued by the Duval County Circuit Court, National Foreclosure Counseling Services Corp. is barred from charging homeowners any fee in advance for providing [...]

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East Coast Loan Modification Firm Accused of Scamming Homeowners

by Moe Bedard

It looks like American Modification Agency or AmeriMod is in the papers again and it isn’t for fixing loans and saving homes.
I wrote about the Long Island based loan modification firm back in January when they were sued in a $100 million class action:
Former sales agents say working for AMA was a nightmare. They received [...]

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Loan Modification Funny Business: Loan Mods From Your Kitchen Table

by Moe Bedard

Loan modifications are the talk of the town and a new service sector of business that is quickly getting a bad name for the few and the proud. When I see ads like the one below hit my Google alert inbox, I just say, “Holy $h@ It’s some of the same ole slimy mortgage brokers [...]

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Foreclosure Prevention Service Scams: Beware!

by Moe Bedard

I wanted to let my readers know that there are a lot of foreclosure prevention service scams being perpetuated across the nation and that people need to be educated about the process and also who to go to for help.
A recent article in the Business Journal explained a scam where a guy would set up [...]

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