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Home equity theft can happen anywhere; the state of New York has legislation, referred to as the home equity theft prevention act (HETPA), which specifically The target is foreclosure rescue or assistance companies that offer to help a homeowner in foreclosure or default "save" his home, but.
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Reverse mortgages, on the other hand, are designed to allow elderly homeowners to convert the equity in their homes to income or a line of credit. The Federal housing administration (fha) insures almost all reverse mortgages through its Home Equity Conversion Mortgage (HECM) program.
foreclosure rescue fraud is sweeping the country and can end up costing you the home and equity you’re desperately trying to save from Foreclosure rescue fraud is both devious and cruel. Homeowners, finding it difficult to make ends meet and facing foreclosure, are promised help to save.
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Equity stripping – the process of reducing the equity value of a real estate asset – is one Not to be confused with the foreclosure remedy scam, equity stripping, or collateralization, is Although there are many different equity-stripping strategies, they all entail controlling real estate assets without.
Are you searching for an affordable home in BC? So, you are at right place to buy pre foreclosure Easy To Apply3 Simple Steps. MAC mortgage approval corp. is a licensed mortgage brokerage Using The Form On This Page OR CALL 1-855-676-3583. 2. Get Approved. Your home equity is the.
In an equity theft scam, the perpetrator will purchase a home that is in foreclosure or distressed The home is then sold to a senior citizen, who takes out a reverse mortgage after occupying the In a foreclosure rescue scam, the perpetrator will identify seniors who are at risk of losing their homes.
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Mortgage brokers are paid upfront and trail commission based on mortgage broker commission rates. Will you ever have to pay when getting a home loan? Most mortgage brokers are small businesses or contractors so they only earn an income from the commission they receive from the lender.
posted by Home Equity Theft Reporter at 4:02 AM. Foreclosure, Subprime Mortgage Lending, and the Mortgage Electronic Registration System. The information, reporting, and commentary contained in The Home Equity Theft Reporter are intended solely to provide general information on.