Foreclosure Scam Stories
More and more house owners who were and are victims of foreclosures are coming out with foreclosure scam stories. Many companies came forward with rosy promises of helping to prevent foreclosures but ultimately nothing happens except that the victims find themselves poorer.
The story of Chantae Grandsberry of Brooklyn Center is one of many. She was hunting around for someone to help her save the house that was her home. Her searches took her to an Oklahoma firm and at that time she believed that she had knocked at the right address. The firm was freely quoting from the Bible on its website and introduced themselves as foreclosure prevention specialists who believed in Christian values. Grandsberry and her husband were taken in by these holy platitudes. At that time Chantae was expecting a child and believed that those who cited the Lord could not sin. But in a short time she lost her house last October when the company – American Foreclosure Specialists, failed to keep their promises. They had taken $1,200 in advance although this was in violation of Minnesota law, commented the Attorney General of Minnesota, Lori Swanson.
In the beginning of the month Swanson filed law suits against American Foreclosure Specialists and three other firms – all being based outside the state. They had violated the law by collecting fees even before providing services they had promised to do so. Here the matter did not end. Because of their tall talk, the house owners lost time and more funds trying to salvage the foreclosure hit wreckage. Thus these scammers made a bad situation even worse. Swanson filed the suits in the District Court of Hennepin County. She is also trying to prevent these scammers from operating in Minnesota. This is part of the general programme the Attorney General has taken up to sieve out the fraudsters and cheaters.
The cases were registered against American Foreclosure Specialists, National Foreclosure Relief of Nevada, Lewis Loss Mitigation of Alabama (also operating as Stop Foreclosure and Lewis and Associates Consulting), D.R. Financial Services of California (also working as D.R. Financial and Superior Home Loans), Mortgage Default Assistance of Florida and Home Assure of Florida.
Despite official measures being taken against the scammers, it is essential that the people become aware of the rising number of cheats and tricksters. In fact their numbers are rising with the number of foreclosures. The foreclosure notice traumatizes the victim who cannot think clearly.
Related Posts
July 8th, 2009 at 2:45 pm
I was a victim of business scam once and found this article very interesting.