October 31, 2009
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 …
Filed under Videos by on Oct 31st, 2009. 
Comments on Mortgage Foreclosure Rescue Scams – Documentary Video
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.
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.
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.
DrewDownsManagement, thank you very much!
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.
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.
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.
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.