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WASHINGTON -- Federal investigators have charged 530 people for allegedly defrauding more than 73,000 desperate homeowners around the country who fell behind on mortgage payments, leaving them ...
Real estate expert Barbara Corcoran appeared on The Today Show this morning to explain the top foreclosure avoidance scams to look out for. If you know anyone struggling with mortgage payments ...
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A sign along the road advertising foreclosure rescue. A foreclosure rescue scheme is a scam that targets those whose house is facing potential foreclosure.The scheme preys on desperate homeowners whose mortgages are in default by offering to prevent the foreclosure.
American Homeowner Preservation (also known as AHP) is an online real estate crowdfunding platform which purchases pools of nonperforming loans from banks and other lenders and then offers borrowers who want to stay in their homes debt restructuring options with reduced payments and discounted principal balances.
Subprime loans targeted at vulnerable and unsophisticated homeowners often lead to foreclosure, and those victims more often fall to equity stripping scams. [2] Additionally, some do consider equity stripping, in essence, a form of predatory lending since the scam works essentially like a high-cost and risky refinancing.
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