Articles about Foreclosure Scams
The Attorney General of Hennepin stated that some consulting firms have been duping foreclosure victims with promises of help. Six firms located outside the state have been charged by Hennepin County District Court. Injunction is being sought to prevent them from continuing with their business in Minnesota while the court proceedings are in progress. In [...]
As foreclosures are increasing so too are scammers. Smart talking rescue teams promise to save the house and ultimately walk away with the purses of their clients. As the numbers rise a trend and pattern can be noticed. This has led BBB or Better Business Bureau to give out gloomy warnings that with more foreclosures [...]
A resident of Springboro, Randall Webb, has been awarded a 20 year jail term as well being slapped a fine of $250,000 even after pleading guilty to a single count of mail fraud for making false help promises to foreclosure victims in Cincinnati and Dayton. He set up a firm named American Foreclosure Group LLC [...]
It is happening right across the country. Foreclosures are being closely tracked by rescue vultures, who in the name of saving victims actually worsen the situation. The house goes in any case and together with it goes much needed cash. Thus warning signals are being sent to house owners across USA. The number is staggering [...]
In the raw the jackals and vultures move in when the big predators have had their fill. It seems to be the same today in human society – and that too in America. Victims facing foreclosures are in a traumatized state – ready to clutch at any straw of hope. They cannot think rationally and [...]
