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FTC warns that mortgage assistance scams are on the rise

By Mike Wheatley | August 15, 2020
The Federal Trade Commission has issued a new alert warning consumers to beware of potential scams around mortgage assistance. This week it said that Americans have lost a combined $106 million to fraud related to the COVID-19 outbreak, and said consumers need to be careful about any solicitations that ask them to pay for access […]
Featured News, Mortgage

Mortgage fraud is on the rise

By Mike Wheatley | October 10, 2018
A growing number of borrowers are becoming so desperate to qualify for a mortgage that they end up lying about how much they earn on their applications.
Mortgage, US Real Estate

Department of Justice Files Huge Foreclosure Scams Case

By Michele Dawson | October 16, 2012
If you’ve been facing foreclosure on your home, and thought you had found a company that can help, only to find out that you’ve been duped and are out of a substantial amount of money or end up losing your house anyway, you’re not alone.
Featured News, Investing, Real Estate, US Real Estate

Real Estate Investment Fraud 101 - Avoiding Over-Encumbered Property

By Donna S. Robinson | July 2, 2012
These days many folks with cash savings, CD's or IRA's are in search of ways to increase their returns. Interest rates for bank CD's, savings accounts, money market funds and IRA's are just not what they used to be, and so many folks are considering non-traditional investments, because of the potential for higher interest income.
Featured News, Mortgage, Real Estate, US Real Estate

Worried About Foreclosure? Beware Of Foreclosure Related Rip-Offs

By Donna S. Robinson | June 1, 2012
When you are worried about foreclosure, or you've actually gotten an acceleration letter from your lender or an attorney, the last thing you need is to be preyed upon by phony "loss-mitigation experts", who give you misleading information that may make your situation worse.
Featured News, Mortgage, Real Estate, Residential, US Real Estate

Georgia - No Plans To Help Homeowners

By Donna S. Robinson | May 21, 2012
The National Mortgage Settlement has been finalized and the $2.5 billion dollar bank payout is being allocated among the 49 participating states. But among those states that were hardest hit by the foreclosure crisis, only Georgia has no plans to allocate any of their $99 million dollar share of the settlement to help homeowners who are struggling to avoid foreclosure.
Mortgage, Real Estate, US Real Estate

Citigroup Hit With $158 Million Mortgage Fraud Settlement

By Mike Wheatley | February 17, 2012
Citigroup has suffered its second setback in two weeks, with the news that the bank will have to pay out $158.3 million in settlement fees, coming hot on the heels of last week’s $25 billion foreclosure settlement that was agreed between states and America’s five largest banks.
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