Real estate blog entries tagged with chicago real estate news alert mortgage fraud schemes common by Dean Moss - Dean's Team Chicago IL Real Estate Team (Dean's Team - Keller Williams Realty Partners Chicago IL)

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Home : Blogs : Dean Moss - Dean's Team Chicago IL Real Estate Team : Dean's Team Chicago Real Estate Blog : Tag "chicago real estate news alert mortgage fraud schemes common"

chicago real estate news alert mortgage fraud schemes common: WHEN DISTRESSED HOME BORROWERS ARE AT THEIR WORST, Mortgage Scammers Often Pounce! - 01/25/09 10:17 PM

This is a troubling story! It comes out of Florida, but can easily happen to well-meaning, but distressed homeowners here in Chicago.
The come-on is oft repeated - on Cable and Broadcast TV. On the Internet. And in Urgent-Sounding Mailings.
The scam involves companies that promise to "Stop Your Foreclosure - GUARANTEED!" But they will do so only AFTER you send them as much as $1,000 or more in up-front "Processing and Negotiating" fees!
Now, however, as syndicated reporter Kenneth R. Harney explains in his article in last Friday's Chicago Tribune, companies taking cash up front, and promise "Guaranteed Results," better perform … (3 comments)

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