Posts tagged ‘fraud’

WARNING Foreclosure Scams

March 16th, 2010

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.
In these tough economic times, mortgage foreclosure rescue scams are sweeping the nation. Foreclosure rescue fraud is both devious and cruel. Homeowners, finding it difficult to make ends meet and facing foreclosure, [...]

 
For an elderly person with few assets, a reverse mortgage can be a lifesaver: It enables cash-poor retirees to tap equity in their house for living expenses, home repairs or health care needs. If you’re 62 or older, reverse mortgages allow you to borrow against the value of your home and not repay the loan [...]

Sometimes fraud is hidden right behind a “neon sign.” NBC 4 News did a story about how this is happening at Jiffy Lube when people go in for an oil change:
“That’s what NBC 4 found last May, when an undercover producer, took test cars to nine LA area Jiffy Lubes. One location charged the NBC4 [...]