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Archive for the 'Scams' Category

16
Nov

Tenants dealing with the landlord’s foreclosure

We had someone on our forum who posted something a little different for most requests for information, I found it unpleasant enough I thought I’d share it with others. Bolded sections are from the original post.
I have a home, in NY, in the foreclosure process. A tenant is renting out the home. The auction [...]

18
Jan

Foreclosure Fix-it scams

LA Times has an article about the FTC starting to crack down on what are referred to as “foreclosure fix-it” scams.  They include a list of common warning signs, which follows:
* Guarantees to stop your foreclosure, irrespective of how much you owe or how much income you have to resolve your unpaid bills.
Most major lenders [...]

25
Nov

Foreclosure Scams

McClatchy Newspapers has a story about foreclosure scams in California’s San Joaquin valley illustrating one of the problems when an area has significant amounts of foreclosures.
Homeowners beware. Just ask Fresno resident Patricia Ireland.
A temporarily laid-off Internal Revenue Service employee, Ireland was scrambling to meet her mortgage payments recently. Out of the blue, a company [...]

27
May

The rebirth of fraud

A lot has been covered recently about how mortgage fraud was used in the purchase of rapidly appreciating properties in many market around the country with the expectation that everyone would cash out so it didn’t really matter if the numbers were fudged.  In a story from the Mercury News , the news is starting [...]