Foreclosure Short Sale Scams

Avoid Foreclosure in Torrance- Redondo Beach – Gardena but is a Loan Modification the right answer?

by Eric Baskett May 7, 2012 Foreclosure Prevention Help

Avoid Foreclosure in Torrance- Redondo Beach – Gardena but is a Loan Modification the right answer? Most people seem to believe that a loan modification will make there life happier. The banks are going to just roll over and give them a principle reduction and lower their interest rate to 1% for 40 years. The [...]

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Debt Collectors Calling? How to Spot A Fake

by Eric Baskett April 13, 2012 Blog

Debt Collector Calling? How to Spot a Fake Consumers across the country are reporting creditor calls on loans they never received or on amounts they do not owe, according to the Federal Trade Commission (FTC). The FTC is warning consumers to be on alert for scam artists posing as debt collectors. However, it can be [...]

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Google Helps the Goverment Fight Mortgage Scammers Online

by Eric Baskett November 17, 2011 Foreclosure Prevention Help

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) is vigilantly targeting mortgage and foreclosure rescue scammers that advertise online. SIGTARP announced Wednesday that it recently halted 85 online scams that promised to help homeowners pursue mortgage loan modifications. Since most troubled homeowners start looking for information to help their [...]

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FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams

by Eric Baskett October 8, 2011 Foreclosure Short Sale Scams

Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable. “At a time when many Americans are struggling to pay their mortgages, peddlers of [...]

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Foreclosure Rescue Ring Taken Down

by Eric Baskett August 22, 2011 Foreclosure Short Sale Scams

California’s attorney general and the state’s Department of Justice have taken down a fraud ring of legal firms and attorneys that officials say swindled thousands of homeowners out of millions of dollars by convincing them to take part in mass lawsuits against their lenders. I’m glad to see the Attorney General’s office is on top [...]

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Are All Short Sale Investors Crooks

by Eric Baskett July 31, 2011 Foreclosure Short Sale Scams

I was reading this article Scammers always seem to make a buck in tough times and it kind of makes me mad. I don’t think they are crooks. The banks are the ones who created this whole mess. Articles like this that the thousand others make my job so much more difficult. I will add [...]

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Beware of this Mortgage Scam

by Eric Baskett June 21, 2011 Foreclosure Short Sale Scams

A simple scam aimed at hijacking just one or two mortgage payments from unwary homeowners is making the rounds once again. It isn’t as insidious as, say, “flopping,” the ruse de jour in the mortgage market. But it is a continuing, if not a growing, problem. The scheme works like this: Con artists send letters [...]

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