- Personal Finance
CROOK ALERT! Home Savers Consulting aka Select Debt Solutions
In Mortage Trouble?
Home Savers Consulting and IndyMac--Perpetrators of Mortgage Fraud
3-7-09 This morning's NY Times carries a front-page story by Michael Powell about the mortgage fraud perpetrated on Waver Brickhouse, a 69-year-old retired New York City employee.
Ms. Brickhouse fell behind on her mortgage payments in 2005 and was referred by her neighbor to Home Savers Consulting. Her neighbor secretly received a referral commission from Home Savers. Home Savers Consulting, a so-called rescue firm, allegedly tricked Ms. Brickhouse into signing away the deed to her home in Brooklyn. Home Savers secretly sold her home, with the help of a mortgage from IndyMac Federal Bank and ran up huge new debts.
Ms. Brickhouse is now trying to convince the FDIC that her mortgage payments should not include $150,000 tacked on by Home Savers and IndyMac. The FDIC is involved because it took control of the now insolvent IndyMac Bank last year.
FDIC officials say they don't want to put Ms. Brickhouse out on the street and want to work out affordable terms based on her financial situation. They have refused thusfar to excuse her from payments on the $150,000 fraudulent charges. Ms. Brickhouse's lawyers say that the FDIC cannont hold her responsible for a fraudulent mortgage, and they are refusing to disclose her finances until the agency drops its claim for the $150,000. Her lawyer said, "Our position is that the mortgage with IndyMac is toilet paper--it has no legal standing...The law for 200 years is that no title can arise from a fraudulent act."
I hope President Obama reads the Times front-page article, picks up the phone and has a heart-to-heart talk with Sheila Bain, head of FDIC! It sounds to me like the agency needs some new lawyers or new guidance for the ones it has. The FDIC is not walking the walk consistently with Obama's "talking the talk" about helping Americans in trouble over their mortgages!
Here's a link to the NYT article. Read it and beware! Home "savers" have sprung up all over the country promising help for homeowners facing foreclosure. Some may be legitimate, however, many collect big fees and fail to deliver the promised help.
Fidelity Homesaver Ripoff
- Fidelity Homesavers!!!
Here's Fidelity Homesavers home page. Watch the video and judge for yourself!
Are homesavers actually home stealers?
Credit Solutions and Nationwide Asset Services Accused of Fraud
- CROOK ALERT!! Credit Solutions of America and Nationwide Asset Services Accused of Fraud
5-20-09 New York state attorney general, Andrew Cuomo sued two big debt settlement companies accusing them of fraudulent and deceptive business practices and false advertising. The firms charged customers...