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Desperate Times... Loan Mod Scammers Beware!

By Konnie Mac McCarthy

Managing Real Estate Broker with MacNificent Properties, LLC 638538 MD

October 30, 2009 12:28 AM

LOAN MODIFICATIONS AND SHORT SALES DSNEWS reports that a couple in California kidnapped the loan modification consultants, they hired to assist them in modifying their loan. The couple paid the company...and did not feel anything was being done....and demanded their money back.

Apparently the consultants were kidnapped and tortured.... 5 people connected with the crime were arrested.. and both victims were released from the hospital.

In any given situation, schemers will find a way to make money off of vunerable homeowners.. If you are having difficulty paying your mortgage..and need assistance... it is important that you educate yourself as to your options. Just because someone holds themselves out to be an expert...that does not always mean they are... There are designations..such as CDPE, (Certified Distressed Property Expert) that are widely accepted by the industry..professionals with this designation, have been trained to assist homeowners through these most difficult times,

If you are a homeowner having difficulty... and you are in Northern Virginia, I can help. For a FREE, confidential consultation call Konnie Mac. CDPE, RDCpro 703 407 7088

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Ralph Gorgoglione

Metro Life Homes - Palm Springs, CA

California and Hawaii Real Estate (310) 497-9407

Oy, vey.

That's out of control.

But I guess you need to be careful when you try to scam people these days.

Everybody has their boiling point.

Oct 30, 2009 12:35 AM

Laura Gray

RE/MAX Realty Group - Gaithersburg, MD

Konnie - To work in our current market is like walking thru a mine-field. When working with loan mods and short sales a practitioner must remember that it is a very emotional transaction. People are in desperate situations and their lives have been altered almost to the point of No return.

Even a CDPE is not guaranteed s successful outcome while assisting many of these troublesome cases.

Oct 30, 2009 12:56 AM

Joel Prince

The Principle Group, Inc - Hixson, TN

Hixson/Soddy Real Estate Broker

Konnie -

Thanks for the post. I was not aware of the designation you mentioned. I'll keep it in mind.

Oct 30, 2009 01:48 AM

Jim Frimmer

HomeSmart Realty West - San Diego, CA

Realtor & CDPE, Mission Valley specialist

That's a story that I missed. Either that or our local paper, which is losing advertisers and pages daily, didn't have room to publish it.

Nov 01, 2009 09:31 AM

Not a real person

San Diego, CA

I saw that in the online edition of the Union-Tribune. Truly frightening what some people will do.

Nov 04, 2009 03:04 PM

Janna Scharf

Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID

Coeur d'Alene Idaho Real Estate Expert

Holy Smokes! I just posted about a Loan Mod company here being busted by the attorney general. I can see how someone could snap! Thanks for visiting my blog.

Nov 09, 2009 02:22 PM

Brian Brumpton

Keller Williams Boise - Boise, ID

Boise Idaho Real Estate

Konnie,

Not that I think it's alright to torture people but maybe this will send a message to scammers. All of us need to be careful in these situations, they are emotionally charged and people can react very differently than their usual in these stressful situations.

Nov 10, 2009 01:41 AM

Desperate Times... Loan Mod Scammers Beware!

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