The Florida Foreclosure Fraud Weblog
Where Florida homeowners fight back against foreclosure fraud
I read another Attorney Discipline Report today. The attorney’s name isn’t important (and while the Attorney Discipline Report is a matter of public record, telling you his name wouldn’t do anything except further embarrass and humiliate him), but his story is. This particular lawyer was first disciplined in 2010, and after the disciplinary order was [...]
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The Mortgage Bankers Association (MBA) claims that its members have modified five million loans in America to help stanch the bleeding on our foreclosure crisis. But Michael Olenick, who has amassed a gigantic database of Florida foreclosure public records, says that nothing could be further from the truth. Remember, the reason for advocating mods is [...]
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Here’s something most of you already know: federal government programs designed to help homeowners stave off foreclosure just aren’t working. A Congressional Oversight Panel investigating foreclosure relief programs found that the programs are almost universally disappointing: Only 1 in 6 homeowners in foreclosure crisis have been helped. Only one million families will lower their payments [...]
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The Tampa Tribune reports that state regulators have shut down Clear Image Financial Group, a Tampa-area loan modification firm. “We have a lot of people out of work and struggling to keep their homes that are looking for help. Some are paying for services they never get,” said the agency’s Commissioner Tom Cardwell. “It is [...]
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Looking for government help to save homes One of the most popular search terms people use to find one of our sites is “Obama foreclosure plan.” Homeowners in economic distress are hungry for information about government programs. And of course, where there are people hungry for information about what the government is doing to help [...]
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Two more loan modification shops are under fire from Florida’s Attorney General Bill McCollum: The lawsuits were filed against south Florida’s Keep Your Property Inc. and Jacksonville-based National Foreclosure Counseling Services Corp. The attorney general’s office alleges that both companies charged up-front fees to customers facing foreclosure. This is against the law in Florida. McCollum [...]
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Foreclosure rescue scammers now have a new front to worry about: a coordinated operation by state and federal officials to shut down those who prey on foreclosure victims. “The message is very simple: If you prey on vulnerable homeowners with fraudulent mortgage schemes, we’ll find you and we will punish you,” [U.S. Attorney General Eric] [...]
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Why CNN is Wrong About Foreclosure Rescue Scams If you’re afraid – and you should be afraid – of getting ripped off by foreclosure rescue scams, you might think that CNN’s advice on how to spot foreclosure prevention rip-offs would be a good place to look. Sadly, you’d be wrong. Here’s why. Their advice is [...]
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This is NOT a government agency. One of my clients today got a mailing from a group called the “Federal Mortgage Modification Administration.” They have a government-sounding name, a government-seal-looking logo, and a Washington, D.C. address. They purport to offer loan modification services, and it’s clear they are trying to look like a government agency [...]
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“We are asking the Court to shut them down.” Another loan-modification shop, this time in conjunction with a law firm, has apparently run afoul of the law. Florida’s Attorney General, Bill McCollum, has sued Florida Foreclosure Law Center LLC and Lincoln Lending Services and said at a press conference: We are asking the court to [...]
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The Tampa Tribune explains why loan modification isn’t all it’s cracked up to be. Rafael and Tina Castillo thought their mortgage lender must have made a mistake when it sent them their loan modification paperwork this month. The monthly payment of $1,700 had been reduced to $737.41 for the next six months…. But then came [...]
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