Mortgage Refinancing Scams Prey on Military
November 10, 2016
Service men and women are, unfortunately, often the targets of scams. One con that preys on military members is predatory lending, when unscrupulous companies use false promises to trick borrowers into bad loans.
How the Scam Works:
You get an offer – via mail, email or even social media – touting mortgage refinancing just . . . → Read More: Mortgage Refinancing Scams Prey on Military
FTC Alert for Spanish-speaking victims of a mortgage relief scam
According to the FTC, Brookstone Law and Advantis Law firms convinced homeowners to make an upfront payment to join a mortgage lawsuit against banks and lenders, supposedly to help them avoid foreclosure, get rid of their mortgages, or get money from their lenders.
FTC investigators have discovered that . . . → Read More: FTC Alert for Spanish-speaking victims of a mortgage relief scam
FTC Acts to Stop Telemarketing Fraud Targeting Seniors
At the Federal Trade Commission’s request, a federal district court in Arizona has temporarily shut down a fraudulent telemarketing scheme that allegedly bilked more than $9 million from thousands of consumers across the nation, many of whom are elderly and live on a fixed income, including military veterans.
According to . . . → Read More: FTC Acts to Stop Telemarketing Fraud Targeting Seniors
FTC Escrow Alert!
Scammers phish for mortgage closing costs
Original post by the FTC
Buying a home is exciting. You saved for the down payment, scheduled the move, and are dreaming of planting new roots. Closing is right around the corner… unless a scammer gets your settlement fees first.
The Federal Trade Commission and the National Association of Realtors® are . . . → Read More: FTC Escrow Alert! Scammers Phish for Mortgage Closing Costs
Foreclosure Crisis Profiteers: Feasting on Fear!
(Part 1 of 3)
Losing a home to foreclosure is most often viewed, by those standing safely outside the transaction, as an economic event. And that is certainly true.
However, for those living under the threat of losing their home, the experience is much more personal.
The thought that one’s home might be involuntarily . . . → Read More: Keep Your Home California Blog Posts: Foreclosure Crisis Profiteers: Feasting on Fear!
Keep Your Home California
Fraud Alert: Homeowners will never be asked to pay a fee for any Keep Your Home California program.
If you are asked to pay a fee or suspect fraud or misrepresentation related to a Keep Your Home California program or representative, you are encouraged to contact our Compliance unit at 916-326-8686, or by . . . → Read More: Fraud Alert from Keep Your Home California
FTC: Top blog posts of 2014
It’s that time of year when everyone’s compiling their Best of 2014 list. We didn’t want to miss the fun so here’s our own list of the 10 Most Read Consumer Blog Posts of 2014.
10. Is that debt collector for real? told you about a company the courts shuttered for duping . . . → Read More: FTC: Top blog posts of 2014
Consumers Beware: 5 Tips to Keep you Scam-Free this Summer
For the majority of Americans who plan to take a vacation, attend a concert, or work on their home or garden this summer, this season comes with its own unique consumer challenges. Here are the top five scams and frauds to be alert for this time of . . . → Read More: USA.gov Consumers Beware: 5 Tips to Keep you Scam-Free this Summer
Online Holiday Shopping Traps: Phony Deals and Offers
The following post comes from the Military Saves Blog. You can follow them on Twitter and Facebook.
When buying online, you are likely to come across at least one online scam, if not more. They come in all forms, pop-up windows, offers directly to your email inbox and in search results. To protect yourself, keep . . . → Read More: Online Holiday Shopping Traps: Phony Deals and Offers
New FINRA Report
Financial Fraud and Fraud Susceptibility in the United States: New FINRA Foundation Report Finds Americans Are at Risk
Estimates suggest that consumer financial fraud is costing Americans over $50 billion a year, and this number does not include the money allocated for its prevention or the social and emotional cost fraud imposes on Americans every year. The FINRA Foundation’s new research . . . → Read More: FINRA Report: Financial Fraud and Fraud Susceptibility in the United States