mortgage foreclosure bailout scam!

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Old Jul 10th, 2008, 03:17 PM   #1
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Unhappy mortgage foreclosure bailout scam!

Hello,
A few years ago, my husband and I sought out assistance to save our home since I lost my job. I located a professional with good reference who promised to save us through a bailout process which will save our home, give us cash back and pay off creditors/debtors, etc. A year later, we learned that this fool stole $85K in equity and our home. We were evicted this year since he stopped making payments on the home. Now we are displaced and have no where to turn. We have an attorney, but he hasn't done anything yet to prevent this hardshp.
Please help. Whom else should we contact? I'm devastated and my child is very uncomfortable.

Thanks
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Old Jul 24th, 2008, 05:46 AM   #2
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Default Re: mortgage foreclosure bailout scam!

Most in the same situation are renting until they build their credit back up and get past the situation, on a foreclosure you need to be at least 3 years past it with payments made to all tradelines of credit on time during those 3 yrs............it is obtaining a new " mortgage loan" that would be considered fraudulent.

You can hire an attorney...National Association of Consumer Advocates – Consumer Protection Advocates and Attorneys or try a non profit to help with the modification like HOPE at 1-888-995-HOPE.

If you are going through the modification process with Chase, they are modifying most of their loans as long as you can show that you can afford the modification going forward........
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