When people are desperate, they are not thinking clearly and can fall prey to vultures who exploit vulnerabilities. With so many foreclosures happening these days, fraudsters are coming out of the woodwork using new and old tricks.
Foreclosure Prevention Schemes – Homeowners facing the threat of foreclosure and nearing eviction are contacted by “foreclosure specialists” [...]
Entries Tagged as 'foreclosure prevention'
Mortgage Fraud Schemes Alive and Well
March 23rd, 2009 · 2 Comments · Consumer Info, Mortgages, Real Estate
Tags: elderly and immigrant·foreclosure·foreclosure prevention·Identity Theft·Making Homes Affordable Program·mortgage fraud·Mortgages
Current Status of Loan Modification Programs
January 19th, 2009 · 3 Comments · Consumer Debt, Consumer Info, Mortgages, Real Estate
Foreclosure prevention is critical for families and individuals, the communities they affect, and the overall housing market. There is a continuing effort by both public and private agencies to provide loan modification program(s) designed to reduce foreclosures and get struggling homeowners into mortgages that they can afford.
A loan modification, or loan restructure, is a change [...]
Tags: foreclosure prevention·loan modification·loan restructuring·Mortgages·Streamlined modification Program·subprime loans
