Jacksonville's Foreclosure Communities are Prime Targets

Posted by Round Table Realty on Monday, August 2nd, 2010 at 12:44pm.

Some Mortgage Rescue Firms

are simply just scams

I continue to harp on it time and again but the reason I do so is because people who are in need are the primeforeclosure-vulture targets for these types of scams. Unfortunately when it sounds too good to be true it usually is. Case in point:

http://www.inman.com/news/2010/08/2/mortgage-rescue-firm-settles-with-ftc-24m

A Florida-based mortgage rescue company shut down last year by the Federal Trade Commission has agreed to pay $2.4 million to former clients to settle charges that it deceived customers that it could save their homes from foreclosure.

Home Assure LLC typically charged consumers an upfront fee of $1,500 to $2,500, and claimed its special relationships with lenders would enable it to get favorable loan modifications or stop foreclosure, the FTC said. In marketing its services to distressed homeowners nationwide, the Clearwater-based company claimed it had helped thousands avoid foreclosure.

In reality, the FTC said, Home Assure did little or nothing to help consumers avoid foreclosure, and in numerous instances the company refused to pay refunds. The company sometimes denied refunds by claiming that consumers had breached the terms of their contract by contacting their lender or filing for bankruptcy.

This can be all too common when people are in need. As I said before anytime their is a disaster, natural or otherwise, vultures usually follow. There are clearly distinctions between what these people claimed to be doing and what is needed now and there is a clear distinction in understanding the differences that impact people's lives. Here is a quick flyer on some of the differences that are affecting people everyday:

If you or someone you know needs a free, no obligation consultation, give us a call or refer them to our site or our specialty site ShortsalesofJacksonville.com. It isn't too late to get help.

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