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Foreclosure Notices Attract the Scam Artists America's foreclosure crisis remains in the headlines. October marks the 20th consecutive month during which more than 300,000 U.S. homeowners received ...
A foreclosure rescue scheme is a scam that targets those whose house is facing potential foreclosure. The scheme preys on desperate homeowners whose mortgages are in default by offering to prevent the foreclosure. [1] [2] There are various ways in which foreclosure rescue schemes work, causing different types of harm to the homeowners, but all ...
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [ 1][ 2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank ...
The documents filed to support Naussany Investments’ case were clearly forged, and within days of the foreclosure sale being halted by a judge, the scammers admitted their plot.. After posing as ...
The mastermind of the fraud, Jewel Hinkles (right), swindled an estimated 1,300 hundred victims out of about $5 million through a network of companies, with names such as Save My Home and Pacifica ...
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [ 1][ 2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...
The foreclosure sale was ultimately blocked, and Naussany Investments dropped its foreclosure efforts. A self-proclaimed scam artist CNN reached out to the email address listed as the company ...
Fraudulent paperwork can be used with impunity unless the homeowner is in bankruptcy, which is a judicial process, or unless the homeowner is represented in the foreclosure by an attorney who ...