Foreclosure exposure and DJ..

Posted by RSI on August 14, 2006 at 12:36:29:

In Reply to: 2 Foreclosures Looming posted by Phillip on August 13, 2006 at 18:11:01:

the least of your potential troubles.

What you've described is making headlines and increasing prision counts across the nation.

Sounds like you've gotten yourself caught up in a real estate/loan fraud scheme.

Lots of articles being written on the subject as the federal government more agressively cracks downs on abusers.

First stop might be to make certain your exposure to criminal prosecution is limited. You might consider consulting w/ an attorney to determine your level of exposure.

Next stop might be to contact the lender[s] and try to workout some form of agreement with them that would allow you to divest yourself of the property without further penalty. You might consider offering them a deed-in-lieu.

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: the least of your potential troubles. 

What you've described is making headlines and increasing prision counts across the nation.

Sounds like you've gotten yourself caught up in a real estate/loan fraud scheme.

Lots of articles being written on the subject as the federal government more agressively cracks downs on abusers. 

First stop might be to make certain your exposure to criminal prosecution is limited. You might consider consulting w/ an attorney to determine your level of exposure.

Next stop might be to contact the lender[s] and try to workout some form of agreement with them that would allow you to divest yourself of the property without further penalty. You might consider offering them a deed-in-lieu.


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