DOJ charges hundreds in mortgage rescue scams

Unfortunately, the initial and monthly charges assessed with a reverse mortgage can be high. To qualify for most reverse mortgages, you must be at least 62 years of age and live in your home. The proceeds of a reverse mortgage (without other features, like an annuity) are generally tax-free, and many reverse mortgages have no income restrictions.

A.G. Schneiderman Sues Brooklyn & Florida Law Firms Involved In Alleged Fraudulent Mortgage Rescue Scheme Lawsuit Seeks Restitution For Consumers, Penalties From Firms And Principal Attorney NEW YORK – Attorney General Eric T. Schneiderman today filed a lawsuit in New York County Supreme Court against two law firms and their lead attorney.

The agency’s action comes as the result of the Mortgage Assistance Relief Services (MARS) rule issued by the FTC in late 2010 to protect homeowners from scams that sprung up during the mortgage crisis.

Press Release. Three California Residents Sentenced in $20 Million Mortgage Fraud Scheme July 16, 2018. Dorothy Matsuba, Jamie Matsuba, and Thomas Matsuba, were sentenced to 240, 135, and 168 months in prison, respectively, for their roles in a foreclosure rescue scheme.

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A yearlong Department of Justice and FBI initiative to protect distressed borrowers from foreclosure rescue scams resulted in charges against 530 accused con artists and the uncovering of $1.

Home Washington Press Releases 2012 Mortgage Rescue Business Owner Sentenced to 90 Months for Fraud Info This is archived material from the Federal Bureau of Investigation (FBI.

Protecting Homeowners From Scams. lease-to-own schemes where a scammer claims to sell a house but pockets all the payments. The Oregon DOJ investigates and prosecutes the Mortgage Rescue Fraud Prevention Act and other mortgage and foreclosure rescue fraud offenses. Violations may incur civil and criminal penalties, including prison.

The Fraud Unit contains the Mortgage Fraud Unit, Insurance Fraud Unit, Securities Fraud Unit and workers compensation fraud unit. The mortgage fraud unit investigates and prosecutes violations of mortgage fraud under NRS 205.372, as well as foreclosure rescue fraud, foreclosure fraud, and any and all other theft related crimes arising out of mortgage related transactions.

Bank Economists: No Clear Recession, Only Slow Growth With the nation threatened with recession. Economists surveyed by Bloomberg News expect the national economy to grow 1.7 percent. The Post’s panelists expect the unemployment rate to rise in the.

Mortgage Foreclosure Rescue Scam 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.

MERCER – Former Philadelphia Eagles wide receiver and Robbinsville High School varsity football coach Irving Fryar and his mother were indicted by a state grand jury on charges of conspiracy in theft.