In this new web commercial from Freddie Mac, learn to spot a foreclosure scam and find out how to avoid becoming victim to home foreclosure fraud. (Follow this link for a Spanish version: www.youtube.com/watch?v=qQQJ6unRYaY) … freddie mac mortgage fraud foreclosure scam
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I really think the mortgage brokers are to blame for what has happened. I know a few of them and they told me they make as much money as they can off every loan they write, regardless if its good for the borrower or not. They talk people into loans they can’t afford. Easy to tell who is the crook. The borker tells the apraiser “I need this amount to make the loan work”. I think that shows who’s doing what.
Yes, there are a lot of scams out there. But there are also people out there that are legitimate and can offer refinancing options using private lenders and small local investment groups. The scammers make it difficult for home owners to trust real help.
If you have a lot of equity then you CAN find someone that will lend you the money to refinance and payoff the foreclosing lender.
I know this for a fact. You just need to know where to look.
If he can get a new loan larger than yours, if he can get a loan AT ALL as of this morning, I’d be surprised.
This is what you get under Republican deregulation, spiders eating flies. Flies are gullible, and spiders ensnare them, hoping to flip houses repossessed three years after, when loan payments double after the adjustable period.
We need a mortgage strike, nobody in America pays their mortgage for three months, then lets see how the banks react.
Yes. 100% Correct. I’m sure you won’t get much love on Youtube with this view but I’m with you. It’s so sad what has happened. It’s the biggest case or larceny in the history of our nation. yet these people won’t spend a day behind bars. We send someone in Michigan up the river for 15-30 for robbery for stealing $500.00, these people fleeced American’s out of the dream and get nothing. We need to demand justice.
I know there are always some honest people out there but I really think it’s like finding a needle in a hay stack. You give people the taste of free money and they can’t resist.
If you really want to repair your credit, see us instead for details. Principles Only.
We hate injustice and lie so please stop spreading the lies.
The problem with our mortgage industry started in the early 2004 when “STATED LOAN” was introduce my BANKS. Anyone and their 80 years old mother can borrow $500,000 and up even with out a job.
Over supplies of money fraudly inflating the price of houses. Now price of houses are coming back to reality (”2003″ level). In a years or two we will see the bottom of housing.
There are borrowers who “cashed out” $200-$300K in the last 6 years to supplement their income and now they just walked away from their house. There are people should never buy the home in the first place with their $10/hr salary.
We all forgot how foreign banks lost billions in our mortgage industry. I estimated at least $1 Trillion is lost by the foreign banks.
they saved my house , for real, call you lender do not give up , you can save your home
This video was as boring as Freddie Mac.
Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
thehelpfund.blogspot
thehelpfund.blogspot
I hate scammers
Great information! Thank you for helping educate people. Here’s another resource to consider. FederalHomeLoanMods(dot)com
Mortgage fraud my ass.
Mortgage fraudsters received direct US government backing for years. Many people didnt fall for it though.
But somehow our tax money still went to the banksters. How is this possible Mr. Politician?
This is all true! its happened to lot of family friends of mine….
its sad…..
bastards…
i was a mortgage sales person doing telemarketing i quit after 5 years the company closed down now i found a new job
i killed one of these guys and buried him in my foreclosed backyard
fuckin harilous…..
if you are in any kind of financial distress, please post your situation at MoneyLoansCredit (.) com, a site where people help people… Investors and givers needed as well.
Is that what hey teach you to do in those “:Foreclosure Riches” courses? Saved myself $39.95… yeah!
Are you in financial distress? Please don’t wait. A non profit site, NeedFinancialHelp (dot) org can help.
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