Comments on: The Farce of Foreclosure Rescue (scams) http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/ Learn, Network, Invest Sun, 22 Nov 2009 10:53:57 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Andy http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/comment-page-1/#comment-60308 Andy Tue, 30 Sep 2008 13:28:20 +0000 http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/#comment-60308 Great post and I enjoyed the insider information/perspective. This is a must read for folks in foreclosure. I wrote a similar article on this topic ( http://www.savingtoinvest.com/2008/09/foreclosure-rescue-scams-warning-signs.html ) and hopefully all the publicity around these types of scams will reduce the number of victims we will see every day. Unfortunately the rate of foreclosures does not look like slowing down anytime soon. Great post and I enjoyed the insider information/perspective. This is a must read for folks in foreclosure. I wrote a similar article on this topic ( http://www.savingtoinvest.com/2008/09/foreclosure-rescue-scams-warning-signs.html ) and hopefully all the publicity around these types of scams will reduce the number of victims we will see every day. Unfortunately the rate of foreclosures does not look like slowing down anytime soon.

]]> By: Mortgage after foreclosure http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/comment-page-1/#comment-59573 Mortgage after foreclosure Tue, 26 Aug 2008 12:34:10 +0000 http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/#comment-59573 the only easy way to get a mortgage after foreclosure is to learn how to improve your credit score. that in itself is not hard however if done correclty it requires consistency and patience and that is where most people fail and seek a quick win instead. the only easy way to get a mortgage after foreclosure is to learn how to improve your credit score. that in itself is not hard however if done correclty it requires consistency and patience and that is where most people fail and seek a quick win instead.

]]> By: Tax Lien Properties http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/comment-page-1/#comment-56356 Tax Lien Properties Sat, 26 Apr 2008 07:39:52 +0000 http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/#comment-56356 I have a real problem with the government taking money out of my check to give to someone that made a bad choice and bought more house than they can afford. I also have a problem with my tax dollars being used to bail out billion dollar corporations. There is a thing called personal choice and people should be responsible for it. I have a real problem with the government taking money out of my check to give to someone that made a bad choice and bought more house than they can afford. I also have a problem with my tax dollars being used to bail out billion dollar corporations.

There is a thing called personal choice and people should be responsible for it.

]]> By: International Listings Blog » Blog Archive » 101 Tips & Resources for the Upside-Down Homeowner http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/comment-page-1/#comment-56280 International Listings Blog » Blog Archive » 101 Tips & Resources for the Upside-Down Homeowner Wed, 23 Apr 2008 19:36:33 +0000 http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/#comment-56280 [...] Avoid foreclosure rescue scams: Various scams, including equity skimming, phony counseling agencies and more are there to take your house and the rest of your money. Use government agencies, legitimate banks and other companies to learn what you can do to protect your assets. [...] [...] Avoid foreclosure rescue scams: Various scams, including equity skimming, phony counseling agencies and more are there to take your house and the rest of your money. Use government agencies, legitimate banks and other companies to learn what you can do to protect your assets. [...]

]]> By: Hayley http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/comment-page-1/#comment-55880 Hayley Wed, 09 Apr 2008 11:13:42 +0000 http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/#comment-55880 It seems the problems getting worse and is now beginning to bite the UK market too. Lenders have finally stopped offering 100% mortgages to first time buyers which is good from the foreclosure point of view but makes it even more difficult for them to get on the property ladder. Some of predicting a return to the massive foreclosure numbers of the 1980s but hopefully it won't come to that. It seems the problems getting worse and is now beginning to bite the UK market too. Lenders have finally stopped offering 100% mortgages to first time buyers which is good from the foreclosure point of view but makes it even more difficult for them to get on the property ladder.

Some of predicting a return to the massive foreclosure numbers of the 1980s but hopefully it won’t come to that.

]]> By: Michael Creel http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/comment-page-1/#comment-55408 Michael Creel Tue, 18 Mar 2008 23:03:03 +0000 http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/#comment-55408 Sadly many people are very intimidated by lenders; and the complicated process of getting a human being on the phone doesn't help. Often their lenders are not local and can only be reached by phone. I had one client that wanted me to sell her home, but had no idea what she owed on it, or what the pre-pay penalty was. She never could get that information for me. It was as though you had asked her to call the President. Sadly many people are very intimidated by lenders; and the complicated process of getting a human being on the phone doesn’t help. Often their lenders are not local and can only be reached by phone. I had one client that wanted me to sell her home, but had no idea what she owed on it, or what the pre-pay penalty was. She never could get that information for me. It was as though you had asked her to call the President.

]]> By: Free http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/comment-page-1/#comment-55404 Free Tue, 18 Mar 2008 22:05:13 +0000 http://www.biggerpockets.com/renewsblog/2008/03/12/the-farce-of-foreclosure-rescue/#comment-55404 I'm simply amazed at the number of people who aren't willing to speak with their bank about foreclosure, but will hand over their keys to some fly by night scam without a second thought. I heard on NPR this week that over 50% of homeowners who are foreclosed on never have contact with their banks. That just boggles my mind. I’m simply amazed at the number of people who aren’t willing to speak with their bank about foreclosure, but will hand over their keys to some fly by night scam without a second thought.

I heard on NPR this week that over 50% of homeowners who are foreclosed on never have contact with their banks. That just boggles my mind.

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