Over the last six years, we’ve heard the tragic tale from many homeowners fighting to save their homes from foreclosure of how they placed their trust in outfits, usually from out-of state, which solicit large sums of money in exchange for mortgage relief, only to find out that they’ve been duped. These mortgage scammers prey on those unfortunate people who are desperate to believe that someone can help them out of their dilemma. Melanie’s story ranks up at the top of those we’ve heard in terms of how these vultures can cause utter devastation in people’s lives.
Melanie called us within the past few days and told us of how her elderly parents were looking at the prospect of having their home sold at Sheriff’s sale in less than ten days. They had hired a mortgage workout scammer, and paid thousands of dollars, learning the hard way that the outfit knew all along that it never even had a chance to help them. This fact added insult to injury to Melanie’s parents, as the scammers conduct was nothing
short of out-and-out theft. As a consequence of that theft her parents are not only out the money paid, but are facing the very real prospect of losing their home.
Making Melanie’s story even more compelling is the fact that her parents actually qualify for HAMP mortgage relief. This relief would reduce their mortgage payment by almost half, and allow them to stay safely in their home for the rest of their lives. If the mortgage workout scammer had known the least bit about helping homeowners obtain mortgage relief, it would have raised this issue with the loan servicer long ago, and stopped the foreclosure dead in its tracks. Instead, because the scammer’s promises were empty and completely fraudulent, Melanie’s parents are left watching the sands of time fall through the hour glass as the foreclosure sale gets ever closer.
Hopefully we can help them through the legal process of reversing the foreclosure judgment and getting them a great loan modification. However, they should never have been put in this position in the first place. If you are a homeowner struggling for mortgage relief, please let Melanie’s story serve as a stern warning: do not get caught up with a mortgage workout scammer! It has no more chance of gaining you mortgage relief than you do for yourself. It is simply “cottage industry” fraudster, which follows up the bank’s homeowner victimization with its own smaller, but no less devastating, scheme.
Note from the author: If you have questions or comments- regarding this or any Foreclosure Story article or should you like to have a “free mortgage analysis”, please visit www.mcgookeylaw.com, visit us on Facebook or call us at 419-502-7223.
Kate Eyster contributed to this article.
Copyright 2014 Daniel L. McGookey