There is a right way and a wrong way to deal with foreclosures. He chose the wrong way. Don't even *think* of doing it.
Defendant pleads guilty in scam targeting homeowners facing foreclosure
A Missouri man pleaded guilty Monday to charges he and his accomplices swindled homeowners facing foreclosure with false promises to help them save their homes, U.S. Attorney Tom Beall said.
Tyler Korn, 28, St. Ann, Mo., pleaded guilty to one count of conspiracy to commit wire and mail fraud in U.S. District Court in Kansas City, Kansas.
In his plea, he admitted he and co-defendants used the address of a UPS store in Overland Park, Kan., to form Reliant Home Financial Group, a company they operated out of the St. Louis metro area.
The indictment alleges the defendants took money from victims and fraudulently promised to:
• Lower their interest rates.
• Lower their monthly payments.
• Help them obtain loan modifications.
When victims received foreclosure notices, the defendants advised them not to worry about it.
Other defendants include:
Amjad Daoud, 33, Lutz, Fla., who is awaiting trial.
Ruby Price, 73, Bonner Springs, Kan., who is awaiting sentencing.
Korn will be scheduled for sentencing later. He faces up to 20 years in federal prison and a fine up to $1 million on each count, according to the U.S. attorney’s office.
Beall commended the U.S. Department of Housing and Urban Development – Office of Inspector General, the Federal Housing Finance Agency – Office of Inspector General, the Johnson County District Attorney’s Office, Special Assistant U.S. Attorney Emilie Burdette and Assistant U.S. Attorney Jabari Wamble for their work on the case.
These scumbags always get off way too light......."plead guilty to One count",
The list is massive of people who get in trouble for negligence in this area especially when it comes to charging people upfront for home retention servicers. False promises and stringing struggling homeowners along with no intent to truly assist.
Tip to struggling homeowners: Any 3rd party promising and guaranteeing to lower your mortgage payment or that you will receive ANY modification or assistance is a liar. Run for the hills.