Mortgage Refinancing Scams Prey on Military

 

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

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FTC Alert for Spanish-speaking victims of a mortgage relief scam

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

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FTC Escrow Alert! Scammers Phish for Mortgage Closing Costs

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

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CFPB: Making the mortgage process easier: Know Before You Owe

The stress of shopping for a mortgage will be reduced for those applying for most mortgages beginning October 3, as the new CFPB mortgage rule and forms take effect. These changes are a part of the CFPB Know Before You Owe mortgage initiative and are designed to ease the process of buying a home, help you save money, and ensure . . . → Read More: CFPB: Making the mortgage process easier: Know Before You Owe

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Guard Against Fraud

Look for the Department of Business Oversight newspaper insert in your local newspaper on Sunday, June 28.

Guard Against Fraud – Assistance from the California Department of Business Oversight Can Help Consumers Make Educated Financial Decisions and Guard Against Fraud.

Click on image to read . . . → Read More: Guard Against Fraud

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DBO Mortgage Education and Outreach Program – New Home Finance Booklet!

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DBO Mortgage Education and Outreach Program  – New Home Finance Booklet

Home Finance walks you through the process of buying a home — from the initial decision to buy, through finder an affordable mortgage, and choosing which kind of mortgage will work best for you. . . . → Read More: DBO Mortgage Education and Outreach Program – New Home Finance Booklet!

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Mortgage Assistance Workshop – March 14 in Pacoima

Mortgage Assistance Workshop

March 14 @ 10:00 am – 1:00 pm

Pacoima City Hall,

13520 Van Nuys Blvd, Pacoima, CA 91331 United States

+ Google Map

Download . . . → Read More: Mortgage Assistance Workshop – March 14 in Pacoima

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Save Your California Home Workshop – March 16 in San Bernardino

Save Your California Home Workshop

March 16 @ 2:00 pm – 8:00 pm

Arrowhead Event Center,

180 S. Arrowhead Avenue, San Bernardino, CA 92408 United States

+ Google Map

Download . . . → Read More: Save Your California Home Workshop – March 16 in San Bernardino

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New! DBO Mortgage Education and Outreach Program — Partner with us

New! Mortgage Education and Outreach Program — Partner with us

At the peak of the foreclosure crisis, California ranked highest in foreclosure in the nation. While the recovery continues, many consumers still struggle to achieve the dream of homeownership and need assistance understanding mortgage terms, foreclosure and loan modifications. The DBO Mortgage Education and Outreach Program (Program) . . . → Read More: New! DBO Mortgage Education and Outreach Program — Partner with us

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Foreclosure Avoidance Counseling – HUD-Approved and Free (no need to pay for these services)

Foreclosure Avoidance Counseling

HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. As part of President Obama’s comprehensive Homeowner Affordability and Stability Plan (HASP), you may be eligible for a special Making Home Affordable loan modification or refinance, to reduce your monthly payments and help you keep . . . → Read More: Foreclosure Avoidance Counseling – HUD-Approved and Free (no need to pay for these services)

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