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Mortgage Foreclosure Rescue Scams – Documentary Video


Mortgage Foreclosure Rescue Scams – Documentary Video We Stop Foreclosure Rescue Scams (2008) by Kyra Olds This is a documentary about mortgage foreclosure rescue scams that are occurring across the country in light of the growing foreclosures. The movie describes common scam tactics and how distressed homeowners fall for these scams. The movie concludes with what lawyers can do to challenge these scams in court and the Washington State Legislature’s response to try to to stop these scams by passing House Bill 2791 and Senate Bill 6381. It is intended to educate advocates so they can better assist homeowners facing foreclosure. Director: Kyra Olds Producer: Northwest Justice Project Sponsor: Eric Dunn Keywords: foreclosure rescue scam; washington; mortgage; foreclosure; 2791; northwest justice project; njp Contact Information: Northwest Justice Project 401 2nd Ave S Seattle, WA 98104 www.nwjustice.org Creative Commons license: Attribution-Noncommercial-Share Alike 3.0 United States Credits: We Stop Foreclosure Rescue Scams by Northwest Justice Project; Featuring: Eva, Client of NJP; Eric Dunn, Attorney at NJP; Melissa Huelsman, Private; Attorney in Seattle; Judy Poston, Housing Counselor at Solid Ground; Julia Kellison, Attorney at NJPl; Fred Corbit, Attorney at NJP Produced by: Kyra Olds, Intern at NJP Foreclosures are increasing nationwide, and so are scams that promise to rescue homeowners from foreclosure. What these scams do is take your money, ruin your credit

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11 Responses to "Mortgage Foreclosure Rescue Scams – Documentary Video"

  1. risantheiperara says:
    Meet Russain women for dating gettop5.info
  2. einsteinslies says:
    Sell your wife, not your house!
  3. checkers1245 says:
    I am in the state of Nevada. We are the hardest hit state for foreclosures. It is due to the economy and the unemployment rate that is over 14%. Anyway, I paid $3,000 to Coleman Law Associates to modify my loan. After months and all the paperwork they requested, I found out that they never contacted my lender. Guess who is losing their home?? ME! I am so upside down and disgusted that it doesn’t even matter anymore. They can have this house, the neighborhood has gone down anyway.
  4. income101 says:
    Well, there are scams all over, like McDonalds claims to sell hamburgers – thats debatable – There are also good things, like TGIF’s hamburgers are good. Point is simple, do your due diligence and if its a win-win-win, then go for it.
  5. oicufn812 says:
    I get the 90% (probly higher) from the fact that they were in or near foreclosure before calling the “scammers” in the firast place. They could not afford the home they agreed to purchase. Besides it doesn’t really matter. Anyone dumb enough to fall for something like this deserves to be taken. They are too dumb to compete in the world and ultimately will be bred out of the system. In the grand scheme of things no one gives a crap about the losers. It’s the way it should be.
  6. EGD75 says:
    Actually, the point of the video is that the scams are not legal. I don’t know where you get your 90% statistic from (probably your imagination), but in any event, it is not necessary to be scammed by a predator to preserve one’s credit. If a person is going to “lose” his home, better to sell it at or near fair market value and recover some, most, or all of the equity than forfeit the entire value in a scam.
  7. EGD75 says:
    Bucktooth, when you finally move out of your mother’s basement some day, why don’t you tell me how many pages of the fine print you read. Then two weeks later when you’re finished, you can try to explain to me what it all meant.
  8. rosaryfilms says:
    DrewDownsManagement, thank you very much!
  9. DrewDownsManagement says:
    Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
  10. BuckToothPhooey says:
    If you did not read the fine print, it is your fault. Nobody put a gun to your head to sign. Take responsibility for your actions.
  11. oicufn812 says:
    Most of these “scams” are legal. Though they may seem predatory, it is a survival of the fittest world. 90% of the alleged “victims” would have lost their homes one way or another. The so-called predators DO help in most cases by keeping a foreclosure off the credit rating of the client.

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