Foreclosure Rescue Scams

31 Aug Mortgage Modifications Can Hurt

Mortgage modifications can hurt. Here is a summary of a very recent study on mortgage modifications by Alan M. White, Assistant Professor, Valparaiso University School of Law, with my emphasis added. "The gist is that voluntary mortgage modifications are not reducing principal debt, and are in...

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01 Aug Short Sales: Problems and Pitfalls

With foreclosures skyrocketing, many people are looking for ways out of their mortgages. Short sales are often used to avoid foreclosure. They do avoid foreclosure. But do they really benefit you, the homeowner? In many cases, they benefit others, and can leave you and your credit worse off than filing for bankruptcy. Here’s the inside scoop on Short Sales.
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29 Jul Mortgage Fraud Stopped Cold In Missouri

On Monday July 28, 2008 the Attorney General for the State of Missouri filed charges against
  • St. Anthony Avenue LC, based in St. Louis County. The lawsuit was filed in St. Louis County;
  • Private Funding Solutions, based in St. Charles, and its president, Mike C. Rothweiler. The lawsuit was filed in St. Charles County;
  • Brian J. Thompson, of Springfield, who does business as "All Decked Out". The lawsuit was filed in Greene County; and
  • Access Mortgage and Financial Corp., of Lansing, Mich., and its agents, David Snyder and Josh Nowell. The lawsuit was filed in Henry County.
for a foreclosure rescue scam. The investigation was titled Operation Stealing Home. The charges are based on fraud. Unfortunately there are those among us who prey on the downtrodden and look to score a buck wherever they can.
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