Ongoing Loan Modification Scams Hurting Homeowners

With a growing number of homeowners underwater with their mortgages, there are more and more scammers joining the foray. The number of complaints has increased exponentially, as foreclosures increase. Despite the crackdown on loan modification fraud, including hundreds of arrest, there is a constant stream of new scammers looking for their next victim.

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Ongoing Loan Modification Scams

Knowing The ABC's of Health Insurance Can Save Your Life and Save Your Home

As a former member of the health care industry I
was amazed at how little patients knew about their
own health insurance. Some patients thought they
had great health insurance that paid for everything,
but didn’t, and some thought their health insurance
was like car insurance, if they used it, they would
be penalized. So, when patients came to my clinic I
tried to explain their health insurance benefits to
avoid confusion, but most clinics skip the explanations,
hence, it would benefit you to do your own research,
and ask lots of questions.
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Msfinancialsavvy

Your Home As Your Retirement Vehicle And Foreclosure Protection

This is my opinion based on observations. Your home can be a
wonderful retirement vehicle. Many of us will pay off our
home in 30 years, or even 20 years. For those of us who will not
pay off our home we can have the balance paid down and in 15 to

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From Surburban Neighborhood to Trailer Park by Foreclosure

A friend of mine owns a landscaping and hauling business in Northern
California. Lately he has been doing a lot of hauling and cleanup.
He was called to a rather nice community in Northern California to
cleanup multiple homes that are in foreclosure. He noticed a long
line of campers up and down the street and asked what was going on.

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Vote Barack Obama For Positive Change In The United States
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Foreclosure Rates Are Reflected In Real Estate Values of Homes Around The Country

Statistics taken from the Conventional Mortgage Home Price Index and published by Freddie Mac and Fannie Mae display the general increase in home values during the recent U.S. real estate boom, and the decreases during the current real estate bust. The statistics compare one-unit detached, single-family homes in each regional division. Foreclosure rates are reflected in the real estate values of these homes in each region of the United States.

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Countrywide Financial and The Mortgage Debacle--A Commentary

Thousands have lost their home from the mortgage debacle of the past few years.
Mortgage companies, mortgage brokers, mortgage lenders, attorneys, and many other
players in the mortgage field gave out misleading and downright junk mortgages.
Because of this U.S. home foreclosures have reached an all time high...

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People Finally Swept Up In Mortgage Fraud Arrests
by Msfinancialsavvy.com

In reading about all of the Mortgage Fraud reports I couldn't figure out why
the gangs, mortgage brokers, mortgage lenders, mortgage investors, lawyers and
the like had not been arrested. We saw some of the largest mortgage fraud in
the history of the United States and all that happened is that a few million
innocent homeowners lost their homes and many big cities are now booming with
former homeowners as homeless.

The following is a quote taken from associated press writers
LARA JAKES JORDAN and ALAN ZIBEL, in conjunction with the FBI reports:

Law enforcement officials said their stepped-up focus on mortgage cases aims to combat problems that have grown out of the risky lending practices prevalent until the mortgage market collapse started last year. Officials have identified 10 "mortgage fraud hotspots" nationwide in California, Colorado, Texas, Minnesota, Michigan, Illinois, Ohio, New York, Georgia and Florida.

To people who have committed fraud or are contemplating doing so, FBI Director Robert Mueller said: "We will find you, you will be investigated and you will be prosecuted."

Those named in the cases include housing developers, mortgage lenders and brokers, lawyers, real estate agents and appraisers, said Sharon Ormsby, section chief in charge of financial crimes for the FBI.

In some cases, gang, drug and organized crime investigations have resulted in mortgage fraud cases because such schemes enable criminals to launder money, Ormsby said.

Mortgage foreclosure rescue scams, which promise to help struggling homeowners stave off foreclosure and keep their homes, also have become a major problem, officials said. Typically, unsuspecting owners sign over their homes and then find they are victims of fraud.

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