Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us
Ed Cage

Here’s a few interesting excerpts from:

http://rismedia.com/2010-04-05/predatory-mortgage-servicing-fraud-first-of-a-series/

 

- - - - -ON:

“You didn’t pay your property taxes, so we did.”

Here again, they will deny your cancelled check or credit card receipt, and without producing any documentation, will insist that they, not you, paid the property taxes and they are entitled to establish an “escrow account .”

.

“You do not have insurance.”

Or, you do not have enough insurance. We bought some for you. Now, they will exercise their right to open an “escrow account.”

.

“For your benefit, we’ve established an escrow account.”

The escrow account is where the real financial trickery takes place. No matter how many times you ask, you will never see an accurate accounting of how they arrived at the amount they claim that you owe them.”

- - - - - - - OFF

One of the biggest red flags you will ever see are account variations like these: “Escrow account” or “Suspense account.”

(Folks these are the slaughter houses where most of the hundreds of mortgage servicing scams are implemented.)

Ed Cage  |  ecagetx@gmail.com


Quote 0 0
Write a reply...