TonyHuntimer
10-27-2009, 09:35 AM
In these tough times, some home owners are hiring services to renegotiate their loans with financial institutions. Unfortunately there have been lots of these services pulling a scam by collecting money from trusting individuals and doing nothing for the home owners. A problem with these scammers, is the home owners are so blinded by wanting to save their homes that they don't know (or care) that services are not legally allowed to take money until the service is finished. There are free services available to help negotiate your loans, but they take longer and are not as effective in some cases. A lot of these scammers have been prosecuted for bilking money from home owners that are left with nothing.
I'm not saying that this is what happened here...but it's possible.
Disclaimer: Due to the nature of the crime, I don't condone this behavior, but have to say that I found it interesting. :)
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/10/26/financial/f145705D39.DTL&tsp=1
Prosecutors say five people have been charged in Los Angeles with torturing and robbing two men they thought falsely promised to save their home from foreclosure.
Two men were charged Monday with torture, robbery and false imprisonment. A man and two women pleaded not guilty to the same charges Friday.
Prosecutors say two of the suspects hired loan modification agents in hopes of keeping their home but believed the men took their money and did nothing.
Prosecutors claim the victims were lured to Glendale on Oct. 20, held for hours, beaten and robbed before one escaped.
All five suspects remained jailed on about $1 million bail each.
I'm not saying that this is what happened here...but it's possible.
Disclaimer: Due to the nature of the crime, I don't condone this behavior, but have to say that I found it interesting. :)
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/10/26/financial/f145705D39.DTL&tsp=1
Prosecutors say five people have been charged in Los Angeles with torturing and robbing two men they thought falsely promised to save their home from foreclosure.
Two men were charged Monday with torture, robbery and false imprisonment. A man and two women pleaded not guilty to the same charges Friday.
Prosecutors say two of the suspects hired loan modification agents in hopes of keeping their home but believed the men took their money and did nothing.
Prosecutors claim the victims were lured to Glendale on Oct. 20, held for hours, beaten and robbed before one escaped.
All five suspects remained jailed on about $1 million bail each.