Foreclosure scam, real estate scam Pt 1 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.

[MiCasaMiDinero]

While it's true that any contract signed should be read, understood & agreed to by both parties; the reality is that not everyone does it.

Both plaintiff & defendant have responsibilities. However, I believe companies that use deceptive marketing strategies to get complicated contracts signed are much more responsible for any legal repercussions.

According to the video Florida Home Council has broken TILA rules and has been sued many times before, what does that say about that company?

[Siconify]

Everything is a fraud....and i feel sorry for people who all fall for it...

[shacker2762]

Seems like these folks didn't understand neither the terms of their mortgage nor those of the company they turned to for help. I understand their pain - I've stood at the brink of foreclosure myself. But to claim that just because the name of the company began with the name of the state implies it's a State run agency is absurd. Home ownership is not a right in the United States. It's a responsibility and one that these good folks should never have taken on.

[rewire69]

Well if you are still in foreclosure take them to court make them produce the note.I mean the contract you signed with the bank.You dont want a copy of your contract they need to show the original "Wet Ink Contract" Not to mention they must show the contract and the deed at the same time to show possession of ownership.And its 90% chance they cant do it because the note was sold on the market.I help people save their houses from foreclosure.even after eviction you can stop the sale and so on.

[hbloch1]

Funny Video Must See!

YouTube:

Looking For Schmucks

[spectrum0590]

It was great that U.S nowadays are starting to recover from such crisis. Hope both Government and the people have learn something about this.

[hperez19]

wat if i am belo 5th grate level?

[duschtube]

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[ScamHunters411]

Watch out for Walter C Woodyard aka Rocky Woodyard a real estate scam artist based out of Atlanta and Washington DC. Acts like a architect/builder but is not. A string of houses in foreclosure BEWARE!!!!!

[SteveSabbai]

‎...dont you love how these conmen can rip you off then lie to your face and act like they didnt do anything wrong!?...

[AudioGuise]

Wall street and Fox broadcasting will own 30% of the houses in the US, and all this, after we bailed them out.

[legaladvocate71]

There is real estate fraud directed by the New Jersey Adult Protective Services.