Foreclosure scam, real estate scam Pt 2 of 2

This video is from the show Open House on CNN. Homeowners in trouble facing short sale or foreclosure should be careful when answering to unsolicited mail, phone calls or emails. A HUD representative and a legal services representatives explain what homeowners should watch out for and what to do.

More info at:

sccrealestateuncensored.com/2007/foreclosure-scam/

micasamidinero.com/2007/foreclosure-fraude/

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[MiCasaMiDinero]

State of Nevada has state laws prohibiting fees being charged up front for foreclosure assistance. According to NRS 645F.400, foreclosure consultants cannot charge a fee before they have performed the services promised at the point of contact.

According to NRS 598.741, companies providing counseling or assistance to a person for a loan modification should be registered with Consumer Affairs in the State of Nevada. If your company FHLM is actually a company, is it registered in Nevada?

[MiCasaMiDinero]

Based on this info, would it be correct to say that you, Louie Frias of First Federal Realty, and Robert Wilmer of TerraSpec Holdings, are two real estate agents in the state of Nevada who has teamed up with an attorney to do the loan modifications?

If so, who receives the $3,500 fee you company charges? Is it you, your partner, or the attorney you guys work with? Or do you guys split that fee between all of you?

[MiCasaMiDinero]

Mr LouieFrias (user name)

I took down your message because you are spamming my videos and my blog posts. And since you did not respond to my previous questions, I will ask them again:

On your website you state The founders of FederalHomeLoanMods(.)com are real estate licensees and not attorneys. You also state our attorneys focus on removing any past due balances and late charges etc. at the time of the loan modification.

[fabiosolo]

if thats the case then who can we trust to get out of problems ?

[MiCasaMiDinero]

There area non-profit organizations like "Hope" and "Acorn Housing" that can help you out.

[junekentucky]

0:26... did he really say RISING property values? Gah, that's the opposite of what was happening, idiot.

[junekentucky]

0:26... did he really say RISING property values? Gah, that's the opposite of what was happening, idiot.

[spectrum0590]

Hopefully this fraud will never been happen again. Government should make a law protecting its constituents from this scammed.

[ScamHunters411]

Real Estate Scammer Walter Woodyard also goes by Rock Woodyard, home buyers in Atlanta or DC beware!!!

[petedomingo1971]

Armando Mentelongo is scamming people left and right.

[TheLIGHTinMYwindow]

hoW CA N CNN BE SO IGNORANT? THE LENDER DOES WANT YOUR HOME, THEY GET INSURANCE AND TAX WRITE OFFS WHEN THEY TAKE IT.,

CNN SHOULD BE SUED FOR SENDING INNOCENT PEOPLE TO THE CHOPPING BLOCK. DO YOUR RESEARCH PEOPLE.

[TheLIGHTinMYwindow]

THE BIGGEST SCAM IS THE GOVERNMENT PROGRAM HAMP.

HAMP IS A SCAM.

[TheLIGHTinMYwindow]

THE BIGGEST SCAM IS THE GOVERNMENT PROGRAM HAMP.

HAMP IS A SCAM. DON'T CONTACT YOUR LENDER.. THEY ARE THE CHARLATONS.