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Changing Laws Make "Foreclosure Rescue" Investing & "Bailout Loans" Tougher »
Posted by: rich1981 1 year, 8 months agoNew laws in a number of states set stiff rules for realty investors in the "foreclosure rescue", "foreclosure bailout loan" business. This story gives an example of what a "foreclosure rescue" situation is all about & lists the states with new laws designed to end the homeowner defrauding linked with these deals.
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Comments: 4
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rich1981
Jan. 5, 2007, 11:52 p.m.Many of these "foreclosure rescue" and "foreclosure bailout loan" programs are scams & are going on all over the country. Hopefully, these new laws will weed out the scam artists without unduly hindering the ethical people in the industry.
Check out the blog:
The Home Equity Theft Reporter at
http://HomeEquityTheft.blogspot.com
for links to stories about "foreclosure rescue" scams & other "home equity theft" scams (& the people victimized by it) from around the country.
For consumers, the search for attorney help for "foreclosure rescue" scam victims in seeking out low-cost (& possibly free) legal assistance, can start here:
Low Cost Legal Services Available To Eligible Homeowners at
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rich1981
Jan. 5, 2007, 11:53 p.m.(continued)
For attorneys, you may be able to use your state's "equitable mortgage" doctrine to void or rescind a "foreclosure rescue" or "foreclosure bailout loan" transaction on behalf of the victimized homeowner. If successful, you may be able to then further attack the transaction by alleging violations of the Federal Truth in Lending Law & Home Ownership Equity & Protection Act of 1994, as well as your state consumer protection & usury law violations. If you're interested, you can begin your legal research here:
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rich1981
Jan. 26, 2007, 4:37 p.m.The blog posts on The Home Equity Theft Reporter regarding the "equitable mortgage" doctrine can be searched at the following links:
The blog posts on this blog regarding the "equitable mortgage" doctrine can be searched at the following links:
http://homeequitytheft.blogspot.com/2007/01/forecl
AND
http://homeequitytheft.blogspot.com/2007/01/tennes
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