New Book Delivers Distressed Home owners Guidance for Avoiding Foreclosure Scams


Washington, D.C. (PRWEB) September 17, 2008

The American Nightmare is a new book by veteran housing counselors Sylvia Alvarez and Walter Walker Jr. that offers distressed home owners ideas and approaches that can support them steer clear of, survive and overcome foreclosure. Published in partnership with the National Association of Hispanic Actual Estate Experts (NAHREP), cost-free downloadable excerpts of The American Nightmare are available in English and Spanish at http://www.NAHREP.org and contain pointers that will aid desperate property owners from becoming the target of short sale and foreclosure scams.

&#13

A hyperlink is also offered to acquire the book for $ 14.95.

&#13

Unsuspecting homeowners that are frantic for a rapid repair to steer clear of foreclosure are becoming the victims of foreclosure scams that promise to save them from the loss of their residences. Numerous are paying thousands to thieves disguised as properly which means professionals that offer to repay their mortgage in exchange for the transfer of their deeds. The authors have been inspired to create the book following getting deluged at the housing agency exactly where they work by individuals who have fallen prey to these mortgage scams and other people. In addition to sensible tips about how to stay away from foreclosure, negotiate loan modifications or short sales and far more, the book educates readers about the clever methods predators are bilking buyers.

&#13

Free of charge downloadable excerpts of the book offer you homeowners data about:&#13

&#13
Common predatory lending scams&#13
Short sale and “flip for profit” scams&#13
Equity skimming scams that leave homeowners with more debt and no house&#13
Phony counseling agencies&#13
How to file a complaint and report mortgage fraud&#13
Plus alternatives that homeowners can pursue if they are currently in mortgage default.

“As well several panicked homeowners that are looking for approaches to save their residences are falling prey to unscrupulous men and women and foreclosure scams,” mentioned Rebecca Gallardo-Serrano, Chairman of NAHREP. “Understanding is power. The American Nightmare gives property owners essential data about the varieties of scams out there and how they can safeguard themselves from predators.”

&#13

The National Association of Hispanic Genuine Estate Specialists, a non-profit 501c6 trade association, is dedicated to rising the homeownership price amongst Latinos by educating and empowering the actual estate specialists that serve them. Based in Washington D.C., NAHREP is the premier trade organization for Hispanics and has a lot more than 15,500 members in 48 states and 62 affiliate chapters.

&#13

###

&#13
&#13
&#13
&#13
&#13

Uncover Far more Loan Modification Press Releases

Beware of Loan Modification Scams

Tempe, AZ (PRWEB) April 26, 2009

Beauchamp Law Workplace, P.C. desires to send out an immediate alert to people attempting to refinance their house without having the support of an lawyer.

&#13

Melanie Beauchamp, owner and principal of Beauchamp Law Workplace P.C., has encountered many folks that have spent hours attempting to save their property without having seeing any benefits. These so called “Application Programs”, “How to Videos” and “Loan Specialist” may possibly look creditable but at the finish of the day they are all just a scam.

&#13

Dealing with loan modifications is incredibly confusing, an attorney who genuinely understands state and the federal law can make all the difference.

&#13

Even though an person can technically re-modify their loan without the aid of an lawyer in actuality they are put at a large disadvantage from the starting. Not only are Loan Modifications extremely time consuming but can also prove to be mentally straining for a lot of home owners. A lot of occasions an person get bounced from particular person to particular person more than the telephone whilst waiting on hold for hours in hopes of speaking to their lender. If and when an individual gets to the individual they are searching for more than most likely they will finish up with their voicemail.

&#13

The Loan Modification approach calls for gathering numerous documents and negotiating and corresponding with the lender, this method can take several months. Right here at Beauchamp Law Office, P.C., we have direct make contact with with the lenders and are able to get via the program faster and faster than 1 could on their own.

&#13

Fighting for a residence loan modification can be like going to court one may possibly consider they are saving funds by representing themselves but in actuality legal representation seasoned in arguing and negotiating might get the very best benefits.

&#13

Melanie Beauchamp’s legal experience and economics background are the excellent combination of skills to negotiate your existing debt situation to change an individual’s life.

&#13

Make contact with:&#13

Melanie Beauchamp, Attorney&#13

Beauchamp Law Office, P.C.&#13

(480) 704-0777

&#13

###

&#13
&#13
&#13
&#13
&#13

Mortgage Scams up 36%: Stay away from These 7 Mortgage Traps by Author Walt Vieira

Albuquerque, NM (PRWEB) September 25, 2009

Walt Vieira “The Mortgage Rebel”, author of Mortgage Secrets six Measures To the Lowest Rate and Closing Charges… Assured! reveals what mortgage businesses do not want shoppers to know. These 7 suggestions will aid buyers save thousands of dollars.

&#13

Shoppers need to be aware of the Loan Sharks lurking in the waters. Now more than ever consumers require to make positive they are dealing with the right mortgage organization and loan officer. Mortgage Fraud is not going away any time quickly. According to the FBI, Mortgage Fraud is escalating and there seems to be a correlation between fraud and distressed true estate markets, the number a single state being California. Scams consist of, Bait and Switch, Loan Modifications, and Foreclosure Rescues.

&#13

“Sector personnel will really feel stress to discover alternative techniques to match the income they enjoyed during the actual estate boom years. Numerous will be prepared to conduct criminal activities to accomplish this purpose…” – FBI

&#13

Avoid These 7 Mortgage Traps &#13

&#13
The No. 1 question buyers need to be asking — just before they decide on a mortgage organization.&#13
No matter whether you must adhere to your realtor’s guidance relating to home financing.&#13
Paying for a Loan Modification Upfront&#13
The Take Away &#13
The Bait and Switch&#13
Bad Credit Repair Business Scams&#13
The Low Rate Advertisement scam

Credentials: Walt Vieira :”The Mortgage Rebel” is a 12 year mortgage and real estate professional, President of Riverside Lending &amp Realty and Author of Mortgage Secrets 6 Measures To the Lowest Rate and Closing Fees… Assured! He has been a Fox Organization News Contributor and Funds Magazine Contributor, and Great Day New Mexico. He has done national Tv interviews along with radio interviews across the nation.

&#13

Availability: National by arrangement and by way of telephone

&#13

Internet site: http://www.mortgagerebel.com

&#13

###

&#13
&#13
&#13
&#13
&#13

Connected Loan Modification Press Releases

New Legislation Aims to Avoid Foreclosure Scams in California

Woodland Hills, CA (PRWEB) November 13, 2008

I Quick Sale, Inc, a leading nationwide short sale and loss mitigation advisory firm, announces that the State of California has passed a new law to shield home owners facing foreclosure from fraudulent exploitation.

&#13

California has been battered by a wave of foreclosures as the true estate crisis continues to take its toll. According to Realty Trac, a foreclosure tracking firm, the state now accounts for much more than a quarter of all foreclosure filings. Fraudulent foreclosure consultants have exploited property owners, frequently cheating them out of funds or eventually losing their houses. In response, the California legislature has enacted the foreclosure consultant law (California Civil Code

American Residential Law Group Warns Underwater Homeowners to Beware of Mortgage Modification Scams


Fort Lauderdale, FL (PRWEB) June 25, 2010

American Residential Law Group has nowadays given homeowners with troubled financial outlooks a warning about home mortgage scams. These fraudulent applications can bilk homeowners of the very monies necessary to retain ownership of their homes and can result in foreclosure.

&#13

The financial distress seasoned by property owners across the country has developed an environment of fear. Home owners underwater are oftentimes willing to jump at any possibility to alleviate the mounting stress of their circumstance. Nevertheless, increasingly, such home owners can be the victims of any number of scams.

&#13

One particular of the most frequent difficulties is the bankruptcy scam. This requires filing bankrupt to cease the foreclosure method. Although this does supply an automatic remain, payments will want to be resumed, or the foreclosure will continue.

&#13

Yet another scam is the fake government assistance scam. These involve unscrupulous people masquerading as government-sanctioned applications. Remember, you will never have to spend exorbitant costs upfront to make use of government home loan modification applications. Nonetheless, these scammers often call for higher charges paid up front.

&#13

However one more scam involves leaseback or acquire-back applications. In essence, you transfer the title of your house to one more individual. This particular person will obtain greater financing and let you reside in the house. Nevertheless, the troubles here are manifold. For instance, you will nonetheless owe the debt on the home. You may possibly also never ever regain ownership of your home and face eviction at the hands of those supposed to be assisting you.

&#13

These are only a fraction of the scams unwary home owners can encounter. The ideal option is to seek viable legal help from a organization that has been fighting for the rights of home owners for years.

&#13

To understand much more about property mortgage modifications and how American Residential Law Group can be of assistance to you, go to them at http://www.ARLGNow.com.

&#13

About American Residential Law Group: American Residential Law Group is a law firm that strives to supply the neighborhood with legal assistance and all the benefits to which shoppers are entitled under the law. With a considerable background in all places of consumer advocacy, American Residential Law Group remains committed to delivering integrity and excellence for their clientele, and rising their quality of life.

&#13

# # #

&#13
&#13
&#13
&#13
&#13

Locate A lot more Loan Modification Press Releases

American Residential Law Group Warns Property owners to Beware of Widespread Mortgage Modification Scams

Fort Lauderdale, FL (PRWEB) July 22, 2010

American Residential Law Group urges property owners facing attainable foreclosure action to be wary of numerous fraudulent house mortgage modification scams. These fraudulent applications can seem genuine, but do nothing to advantage property owners financial conditions.

&#13

With the continued financial instability facing the nation, much more property owners than ever just before are faced with the frightening prospect of foreclosure on their homes. One of the most beneficial techniques to alleviate this onerous monetary burden is to modify the home mortgage of these owners. Nonetheless, not all modification applications are produced equal. Some are, in truth, absolutely nothing much more than scams, made to crippled home owners currently-decreased monetary well being.

&#13

American Residential Law Group, a long-time advocate for home owners rights, urges home owners facing the prospect of foreclosure to completely check any lender or organization providing house loan modifications.

&#13

Possibly the most common scam that can trap unwary property owners is the rent-to-own, or leaseback, choice. In this scenario, home owners are tricked into surrendering the title to their home, with the understanding that they will be in a position to get the home back. However, this usually final results in the total loss of ownership, and the continued debt of the original mortgage.

&#13

Another fraudulent property loan modification system consists of fake government modification gives. Frequently, these scammers go to fantastic lengths to appear reputable, even to the extent of building websites that look like government agency sites. American Residential Law Group urges homeowners to be very leery of any company offering such programs, and to acquire the guidance of a legal professional prior to generating any such agreement.

&#13

To find out much more about home mortgage modifications and how American Residential Law Group can be of assistance to you, check out them at http://www.ARLGNow.com.

&#13

About American Residential Law Group: American Residential Law Group is a law firm that strives to offer the neighborhood with legal help and all the positive aspects to which customers are entitled below the law. With a considerable background in all places of customer advocacy, American Residential Law Group remains devoted to delivering integrity and excellence for their clientele, and growing their high quality of life.

&#13

###

&#13
&#13
&#13
&#13
&#13

A lot more Loan Modification Press Releases

National Campaign Empowers Property owners to Combat Loan Modification Scams and Support Property owners Facing Foreclosure

Los Angeles, CA, (PRWEB) October 26, 2009

Right now in Los Angeles, a partnership of regional, state and national government agencies, nonprofit organizations and monetary institutions gathered at City Hall to launch a national public education campaign designed to aid property owners shield themselves against loan modification scams, locate trusted help and report illegal activity to authorities. This was the first of numerous kickoff events scheduled to announce the “Loan Modification Scam Alert” campaign rollout in main cities across the country.

&#13

The national foreclosure rate has reached an all-time higher of 7.97 %, and millions more foreclosures are anticipated in coming years. “As the foreclosure price grows, a lot more and far more home owners are being deceived by scam artists who prey on their fears,” mentioned Eileen Fitzgerald, Chief Operating Officer of NeighborWorks America. “This campaign is primarily based on the belief that expertise is the best defense, which is why the campaign equips home owners with the tools they need to have to reduce their risk and quit scammers in their tracks.”

&#13

Los Angeles is a single of numerous metropolitan regions in California to consistently rank amongst cities with the highest foreclosure prices. It has the highest quantity of homes in foreclosure in the nation. “Too many residents in Los Angeles, like homeowners nationwide, are losing thousands of dollars and their homes to scam artists who make massive promises and then do small or nothing to support them save their houses,” said Los Angeles Mayor Antonio Villaraigosa. “Anyone can be a victim and the folks of Los Angeles need to have to know what resources are obtainable to them. They need to have to know that legal aid groups, financial institutions, and HUD-certified counselors are supplying free of charge solutions to any individual seeking aid.”

&#13

In April, Mayor Villaraigosa announced a path breaking city ordinance to improve protections for Angelenos against fraudulent mortgage loan modifications. This measure – the 1st of its sort in the United States – fills a crucial gap in the regulation of mortgage consultants and grants rights to homeowners at danger of foreclosure. The ordinance protects homeowners, imposes harsher penalties on scam artists, and informs Angelenos of their rights as residents of Los Angeles.

&#13

In addition to remarks from Mayor Villaraigosa and Ms. Fitzgerald of NeighborWorks, the kickoff occasion featured representatives from LA City Council, the nearby faith-based community, the Federal Trade Commission and Los Angeles Neighborhood Housing Solutions, Inc. Also present had been local home owners who shared their individual experiences with loan modification scams to inform other property owners in their community about this activity.

&#13

NeighborWorks America will coordinate the nationwide effort by means of its 235 neighborhood-primarily based affiliates and other neighborhood, state and national partner organizations, such as the Department of Housing and Urban Development (HUD), the Federal Trade Commission, the U.S. Department of the Treasury, Fannie Mae, Freddie Mac and the Lawyers’ Committee for Civil Rights Under Law.

&#13

With each other, the partners aim to reach thousands of distressed home owners in hundreds of communities at higher danger for fraud activity. The campaign will target all audiences, but its sources are focused sharpest on those groups that have already seen higher levels of scam activity, like seniors, Hispanics, African Americans and Asian Americans.

&#13

As portion of the campaign, information, resources and reporting capabilities are now available around the clock at http://www.LoanScamAlert.org and by calling 1-888-995-HOPE (4673). Community groups might also visit the Net website to access campaign components available for download and distribution in their area.

&#13

Via real-life scam stories, collateral components, print advertising, neighborhood radio PSAs, events, word of mouth and social media activity, the campaign will educate the public about the warning indicators of a loan modification scam. “Borrowers have to keep away from any person or firm that asks for a charge in advance, guarantees a loan modification or tells you to spend them rather of paying the mortgage. Only a lender can guarantee a loan modification and they do not charge,” mentioned Lori Gay, president and chief executive officer of campaign companion Los Angeles Neighborhood Housing Services, Inc., 1 of the 235 organizations in the NeighborWorks network.

&#13

Property owners are also urged to report scam activity at as soon as to the proper authorities through the campaign Internet web site and hotline. “We want to stress how essential it is for folks to find out the indicators of a scam and quickly report any encounter that just does not ring accurate,” mentioned Tom Syta, assistant director of the FTC’s Western Region. “Scammers are out there attempting to take advantage of people in a difficult spot. The campaign is creating it simpler for property owners in distress to fight back, and aid us shut scam artists down.”

&#13

The partnership has designated November as “National Loan Modification Scam Awareness Month” and will market a variety of particular events and initiatives throughout the month. In the coming weeks, the campaign will also travel to Miami (Oct. 29) and Columbus (mid-November). For far more information about the campaign go to http://www.LoanScamAlert.org.

&#13

A Webcast of the Los Angeles occasion will be available on-demand anytime after noon PST on Oct. 26 at: http://media.xfactorcom.com/loanmodificationscamalert/20091026/.

&#13

About NeighborWorks America

&#13

NeighborWorks America is a national nonprofit organization designed by Congress to offer monetary support, technical assistance and coaching for neighborhood-based revitalization efforts. NeighborWorks contains a national network of 235 neighborhood-primarily based organizations in 50 states, which strives to develop healthier communities by way of the operate of thousands of residents, enterprise folks, government officials and other partners.

&#13

###

&#13
&#13
&#13
&#13
&#13

The National Mortgage Complaint Center is Warning All US Homeowners About Mortgages, Foreclosure Scams and the Future


Washington, DC (PRWEB) October 30, 2009

Americas Watchdog’s National Mortgage Complaint Center is one particular of the most quoted sources in the US associated to predatory mortgage lending. The group is warning all US homeowners about new mortgage scams that consist of every little thing from loan modifications, to loan foreclosures, and/or mortgage firms that are attempting to refinance homeowners by way of telemarketing, or phony mailers that were not solicited by the customer. The group is saying, “a Tv industrial comes on with a image of President Obama, and says we can help you. The part they forgot to say is, we might, or could not be able to aid you, but ahead of we talk, we require $ 3000 to $ 5000 from you up front. Do not do it.” The National Mortgage Complaint Center is saying, “if you owe a lot more than much more than 20%, than your property is truly worth in today’s actual real estate industry, you are toast. You will not get refinanced, the very best you can hope for is a forbearance agreement from your bank.” The National Mortgage Complaint Center is all about protecting home owners, or shoppers from con job mortgage lenders, and or flim flam foreclosure/loan modification scams. For much more info please contact the National Mortgage Complaint Center at 866-714-6466, or get in touch with the group via its net internet site at Http://NationalMortgageComplaintCenter.Com.

&#13

Query: Are These Loan Modification, Or Foreclosure Television Advertisements For Actual?

&#13

Answer: The National Mortgage Complaint Center is saying, “we do not consider these slick Tv advertisements on loan modifications or foreclosures are anything but one much more way to take a home owners income, ahead of they are forced out of their home.” The group is saying, “if a homeowner in a foreclosure bind truly desires support, call your state bar association, to find out what law firms are certified to in fact aid people craft a forbearance agreement, or loan modification.” The group is also saying, “we are very annoyed with a single or two of these so known as loan modification web internet sites as they seem to have duplicated our own internet web site. We actually have been written about in Funds Magazine, Newsweek Magazine, The Wall Street Journal, CBS Market place Watch, Great Housekeeping Magazine, and the New York Occasions. We see no proof a single report has ever focused on one particular of these so referred to as loan modification firms.” For far more information please contact the National Mortgage Complaint Center at 866-714-6466, or get in touch with the group by means of its internet site at Http://NationalMortgageComplaintCenter.Com.

&#13

Question: Is Now A Good Time To Refinance?

&#13

Answer: Yes. According to the National Mortgage Complaint Center, “simply because of mindless federal bailouts we could see considerably greater interest prices in the near future. We are strongly recommending that any existing homeowner with a FICO score of 750 or greater, and actual equity in their residence, refinance appropriate now, if they are paying much more than 6% on their present mortgage.” The group says, “within a year the Federal Reserve might be forced to substantially raise interest prices out of fear of their ridiculous bailouts have trigger inflation, or hyper inflation. If you are seeking for honest mortgage lenders we advise American Interbanc, The James B Nutter Business, or Bank of America.” For far more information please speak to the National Mortgage Complaint Center at 866-714-6466, or contact the group through its net internet site at Http://NationalMortgageComplaintCenter.Com.

&#13

Query: Does The National Mortgage Complaint Center Solutions For Home owners In Foreclosure, or needing a loan modification?

&#13

Answer: No. The National Mortgage Complaint Center does not supply foreclosure or loan modification services to consumers. However, the National Mortgage Complaint Center will provide inspection solutions to actual lawyers or law firms with actual predatory mortgage lending troubles. Lawyers are constantly welcome to get in touch with the National Mortgage Complaint Center for evaluation of achievable predatory mortgage lending issues. For a lot more data actual lawyers can get in touch with the National Mortgage Complaint Center anytime at 866-714-6466, or speak to the group through its internet site at Http://NationalMortgageComplaintCenter.Com.

&#13

Query: Does The National Mortgage Complaint Center Offer you A Necessary Service For All Home owners?

&#13

Answer: Yes. The National Mortgage Complaint Center provides a mortgage document inspection for $ 75, for any customer who is about to finance, or refinance their house. The mortgage document inspection involves, a narrative report that looks at feasible junk mortgage costs, inflated interest prices, junk title insurance coverage fees and/or other issues involving the mortgage lender overcharging the customer. The group says, “any customer or homeowner about to finance or refinance their residence ought to use our extremely distinctive mortgage inspection to make specific they are not being over charged, or gouged by their mortgage broker, or bank.” For far more data please make contact with the National Mortgage Complaint Center at 866-714-6466, or make contact with the group via its internet internet site at Http://NationalMortgageComplaintCenter.Com.

&#13

The group says, “every single truthful true estate agent should have the National Mortgage Complaint Center linked to their net web site. Our mortgage inspection service will insure their client gets treated pretty by a mortgage lender.”

&#13

# # #

&#13
&#13
&#13
&#13
&#13

Best 10 Ideas to Assist Stay away from Foreclosure and Loan Modification Scams in 2010


Washington, D.C. (PRWEB) January 13, 2010

At a time when many Americans are contemplating new resolutions and life adjustments, staying financially vigilant need to stay a priorityespecially for homeowners. For the duration of 2010, an estimated four million households are expected to face the danger of foreclosure. Millions of homeowners will attempt to decrease their mortgage payments with a loan modification.

&#13

The national Loan Modification Scam Alert campaign has place with each other 10 tips to aid homeowners searching for foreclosure prevention assistance this year:

&#13

1. Make contact with your lender initial as soon as you get concerned about paying your mortgage.

&#13

2. Decide your possibilities by speaking to your lender’s loss mitigation division.

&#13

three. Be patient but persistent with your lender, since obtaining a loan modification requires time.

&#13

4. Contact the Homeowner’s HOPE Hotline at 1-888-995-HOPE. Trained counselors are available 24 hours a day to supply assistance in several languages.

&#13

5. Connect with a neighborhood HUD-authorized counseling agency for cost-free by calling 1-888-995-HOPE or visiting http://www.LoanScamAlert.org.

&#13

6. Beware of loan modification scams. Some businesses and people are out to take advantage of home owners searching for loan modifications.

&#13

7. Stay away from anybody who asks for a charge prior to delivering any loan modification service, like firms, individuals and even some lawyers.

&#13

8. Keep away from anyone who guarantees to get your loan modified or quit a foreclosure, since no one has the power to make this promise.

&#13

9. Keep away from firms that tell you to stop paying your mortgage and to pay them rather. This is a positive sign of a loan modification scam.

&#13

10. Report loan modification or foreclosure scams at any time by visiting http://www.LoanScamAlert.org or calling 1-888-995-HOPE (4673).

&#13

About the Loan Modification Scam Alert Campaign&#13

Loan modification scams are proliferating at a rapid pacecosting unsuspecting homeowners thousands of dollars and often their homes. To aid combat this problem, Congress asked NeighborWorks America

Debt Settlement and Mortgage Modification Scams on the Rise, Warns Chicago Bankruptcy Lawyer Richard Fonfrias

Chicago, Illinois (PRWEB) March 8, 2010

Richard G. Fonfrias, J.D. of Fonfrias Law Group, LLC (http://www.chicagomoneylawyer.com), a leading Illinois bankruptcy law firm, urges customers seeking monetary assist in these challenging instances to proceed with extreme caution. “Debt settlement scams and mortgage modifications scams are on the rise in the state of Illinois. These unscrupulous firms prey on people who are desperate to steer clear of economic ruin, who, in several cases, are misled into considering it is their a single and only selection. It is imperative that buyers know their rights below the law and completely understand just what they are getting themselves into, before they sign anything. To make an informed decision, customers need as much details as feasible. Luckily, there is a excellent deal of helpful info that shoppers can access for free of charge, from trustworthy sources such as government agencies and trustworthy bankruptcy lawyer sites,” states Fonfrias.

&#13

Mortgage and financial service fraud are the fastest increasing white collar crimes in the U.S. today. In Illinois, Lawyer Basic Lisa Madigan’s office