, search the latest nationwide foreclosed properties with the most up-to-date foreclosure data. Foreclosure listings in every state and every status from start to finish, with new foreclosed homes for sale updated daily throughout the U.S.

Central Florida Landlord Running Rent-Skimming Racket With Homes In Foreclosure Dupes Family Into Signing One-Year Lease posted by Home Equity Theft Reporter at 4:00 AM. Freddie Mac On Foreclosure rescue. video: freddie mac dramatizes An Equity Stripping Scam (English) Video.

These sham sales drew equity out of the homes, which Wright and Saffer pocketed for their own purposes. USA Wifredo A. Ferrer stated, "These individuals engaged in a foreclosure rescue scheme that defrauded homeowners who were having difficulty making their mortgage payments.

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13 South Florida residents, including licensed mortgage brokers and attorneys, stand accused of engaging in a $16m mortgage fraud scheme, according to indictments made public this week. The documents, unsealed in a Fort Lauderdale federal court.

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Equity stripping is what many consider the best way to protect your home from a lawsuit in California. It is sometimes referred to as collateralization. When equity is stripped from a home, the lender is given control over the assets which it would not normally have.

Foreclosure rescue scams taking toll of the vulnerable. As foreclosure rates rise, evidence from other parts of the country indicates the number of rescue scams A client of Jessica Attie of South Brooklyn Legal Services, was a mentally ill woman with a $60,000 mortgage balance that carried an.

Mortgage and foreclosure scams. In this time of high foreclosure rates, desperate homeowners have been lured by offers of assistance – only to be cheated out of equity they’ve built up, tricked into transferring ownership of their home or stuck paying expensive fees for little or no help.

A rescuer finds homeowners through public-foreclosure notices in newspapers or government Homeowners are often told to cease all contact with lawyers or the mortgage lender and to let the There’s not much equity left because of the consultant’s high fees. Homeowners who have been.

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The federal equity skimming statute mandates criminal penalties for "whoever, with intent to defraud (3) An investor found homeowners in foreclosure, purchased their homes, and intercepted certain Among other improprieties, Mayer and associates skimmed the extra equity and monthly rent.