What's old and new with the Rats

By
Real Estate Agent with South of NoVa™

 

Amazing What Rats Will Do

It is not hard to find a tragedy in the world of heartless rats. They will work or scheme a way to exploit simple folks just trying to follow the “American Dream” which no longer exists by the way. The current and growing incidence of rats who are trying to make it appear that these foreclosure schemes are not violating the rules.

This is not the first time that rats try to make their schemes work. Take a look at the spring of 2005 and see what the National Consumer Law Foundation made a report on. One can find a published 68 page report on actual occurences they had investigated in every state of the union and the Federal Bureau of Investigation recently published its Mortgage Fraud Report for 2006 which said in part:

"Recent statistics suggest that escalating foreclosures provide criminals with the opportunity to exploit and defraud vulnerable homeowners seeking financial guidance. The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers and the payment of up-front fees. This "foreclosure rescue" often involves a manipulated deed process that results in the preparation of forged deeds. In extreme instances, perpetrators may sell the home or secure a second loan without the homeowners' knowledge, stripping the property's equity for personal enrichment.

Please beware those RAT’s are still out there.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Tags:
foreclosure schemes
foreclosure criminals
foreclosure
preying on homeowners

Comments 4 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
30,116
Darin Haughie
Esslinger-Wooten-Maxwell, Inc. (EWM)

Hey come on The Dream is still out there! Hey hide the Cheese!

July 02, 2008 05:24 PM
Ambassador
2,276,522
Lenn Harley
Real Estate Broker - Virginia & Maryland
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate

Calling them Rats doesn't do the job.  Call them what they are - CRIMINALS. 

We need more perp walks.

July 02, 2008 05:26 PM
Rainer
6,167
Larry and Madeline Whitehead
South of NoVa™

Hi Darin

Thanks for your input.

July 02, 2008 08:20 PM
Rainer
6,167
Larry and Madeline Whitehead
South of NoVa™

HI Lenn

Yes, we do.

Thanks

July 02, 2008 08:21 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
6,167

Larry and Madeline Whitehead

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: