by Jeff Sovern
The Christian Science Monitor reports here about so-called "mortgage consultants" who purport to rescue consumers from foreclosure and the laws designed to prevent foreclosure rescue fraud. Apparently the rise in foreclosures is leading to a corresponding rise in such scams. [Disclosure: the article mentions the St. John's University Elder Law Clinic and quotes two St. John's professors, Ann Goldweber and Gina Calabrese.]
"mortgage consultants" are the one who support to rescue the borrowers from foreclosure and the laws designed to prevent foreclosure rescue fraud. Apparently the rise in foreclosures is leading to a corresponding rise in such scams.
Posted by: Richad | Tuesday, March 25, 2008 at 12:16 AM
Do you have any advice on credit repair specialists at www.newdaycreditconsultants.com ? I need credit repair and am still in college. Im only 20 and have bad credit from credit cards. My uncle said they are legitimate but the internet says that you need to watch out.
Posted by: Adriana Lyn | Thursday, December 13, 2007 at 04:03 AM
Although it may seem as though the bank would actively want to pursue the foreclosure and get it off the books, so to speak, many large lenders are working on hundreds or thousands of foreclosed properties. Many of the owners will simply give up on the home or be too frightened to ask for more time. The ones that are seriously looking into ways to stop foreclosure, though, will be able to convince the bank that they deserve more time. The bank would willingly offer more time to solve the problem, and it is easy enough to postpone the foreclosure auction. The extra fees and interest will just be added to the balance in the end, anyway, and be counted as an even larger tax deduction for the lender.
http://www.thejohnbeck.tv
Posted by: John | Wednesday, December 05, 2007 at 11:15 AM
NICE
Posted by: ANDREW R SMITH PLAINFIELD IL | Wednesday, October 24, 2007 at 07:20 AM
good
Posted by: DEBRA A SUCHOMEL plainfield il | Monday, October 22, 2007 at 05:48 AM
good
Posted by: DEBRA A SUCHOMEL plainfield il | Monday, October 22, 2007 at 05:41 AM
DEBRA ANN SMITH PLAINFIELD IL SAYS GOOD
Posted by: DEBRA ANN STENLUND | Monday, October 15, 2007 at 06:03 AM
The Rescuers have a funny way of ending up with their clients' homes in their own names, in so many instances. Beware of the bailout pitches--especially the ones that offer "temporary" shifts in ownership.
Posted by: Jack Payne | Wednesday, September 05, 2007 at 12:10 AM
There are also many reputable companies out there that do not take advantage of home owners. We try and help them save their homes and stop the foreclosure.
Posted by: Darin Frantz | Thursday, May 17, 2007 at 11:13 PM