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.
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Lori
The Michigan Attorney General has finally shut down the loan modification scam being run by Jeffrey Baker and Leroy Yergin. These two defrauded at least 272 borrowers of more than $400,000.

AG Schuette charges two men in $400,000 Wayne County mortgage scam
http://www.mlive.com/news/detroit/index.ssf/2013/07/ag_schuette_charges_two_men_in.html

They advertised through Google and promoted their scam at several foreclosure defense websites. They also be-friended borrowers visiting foreclosure defense sites and then persuaded them to pay for loan modification help that never materialized.

If you are a victim of this scam, contact the Michigan Attorney General!!!!
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Rail
Lori wrote:
The Michigan Attorney General has finally shut down the loan modification scam being run by Jeffrey Baker and Leroy Yergin. These two defrauded at least 272 borrowers of more than $400,000. AG Schuette charges two men in $400,000 Wayne County mortgage scam http://www.mlive.com/news/detroit/index.ssf/2013/07/ag_schuette_charges_two_men_in.html They advertised through Google and promoted their scam at several foreclosure defense websites. They also be-friended borrowers visiting foreclosure defense sites and then persuaded them to pay for loan modification help that never materialized. If you are a victim of this scam, contact the Michigan Attorney General!!!!


Railroading economics at its best.
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Shrewd
Thanks for posting this!
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Why not the banks
Shrewd wrote:
Thanks for posting this!


Do you think you could come up with a banking story where the banks get put in jail?  I'm tired of these petty arrests that are likely an over reach of the AG's office.  This gets old on this forum. Brighten it up with a story about the banks getting their just rewards. 
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