Baltimore Woman Unwittingly Signs Over Home Title, Gets It Back After Fraud Investigation
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In this 2006 story, a Baltimore area woman, struggling with cancer and mounting medical bills, was strapped for cash and facing foreclosure. In an attempt to save her Middle River, Maryland home and get some money to pay her medical bills, she entered into a transaction with a company (that turned out to be a local foreclosure rescue operator) whereby she thought she was signing for a home equity loan but, in fact, was signing away her home. Ultimately, the company gave the house back after a year long ordeal and following a state department of labor licensing and regulation investigation.
'There are so many people who are cash-poor but equity-rich in their homes,' said Phillip R. Robinson, a consumer protection attorney and executive director of Civil Justice Inc., a network of solo, small firm and community based lawyers in Baltimore that handles predatory real estate cases in Maryland & Washington, D.C. (as well as provide services for local attorneys).
Attorney Michael Morin, who represented the victim, reportedly stated that the mortgage fraud in the area has gotten to the point that he's seeing 'hobby con artists,' people doing it in their spare time.
Sources for this story:
Woman Unknowingly Sells Her House (5-24-06; Channel 11 / Baltimore)
Woman Gets Home Back After Fraud Investigation (9-25-06; Channel 11 / Baltimore - read story and watch/listen to video)
State warns of foreclosure 'consultants' (9-26-06; Baltimore Sun)
Foreclosure Rescue Fraud Prevention Slide Show
Additional Resources:
Click here for new Maryland law regulating foreclosure rescue purchasers & consultants ( see Subtitle 3 - Protection of Homeowners in Foreclosure)
Click here to find Maryland consumer protection attorneys who are members of the National Association of Consumer Advocates (NACA).
Click here to find Maryland Non-Profit Legal Services Providers.
Click here for Maryland's Peoples Law Library (legal & self help information).
.
In this 2006 story, a Baltimore area woman, struggling with cancer and mounting medical bills, was strapped for cash and facing foreclosure. In an attempt to save her Middle River, Maryland home and get some money to pay her medical bills, she entered into a transaction with a company (that turned out to be a local foreclosure rescue operator) whereby she thought she was signing for a home equity loan but, in fact, was signing away her home. Ultimately, the company gave the house back after a year long ordeal and following a state department of labor licensing and regulation investigation.
'There are so many people who are cash-poor but equity-rich in their homes,' said Phillip R. Robinson, a consumer protection attorney and executive director of Civil Justice Inc., a network of solo, small firm and community based lawyers in Baltimore that handles predatory real estate cases in Maryland & Washington, D.C. (as well as provide services for local attorneys).
Attorney Michael Morin, who represented the victim, reportedly stated that the mortgage fraud in the area has gotten to the point that he's seeing 'hobby con artists,' people doing it in their spare time.
Sources for this story:
Woman Unknowingly Sells Her House (5-24-06; Channel 11 / Baltimore)
Woman Gets Home Back After Fraud Investigation (9-25-06; Channel 11 / Baltimore - read story and watch/listen to video)
State warns of foreclosure 'consultants' (9-26-06; Baltimore Sun)
Foreclosure Rescue Fraud Prevention Slide Show
Additional Resources:
Click here for new Maryland law regulating foreclosure rescue purchasers & consultants ( see Subtitle 3 - Protection of Homeowners in Foreclosure)
Click here to find Maryland consumer protection attorneys who are members of the National Association of Consumer Advocates (NACA).
Click here to find Maryland Non-Profit Legal Services Providers.
Click here for Maryland's Peoples Law Library (legal & self help information).
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posted by Home Equity Theft Reporter at 10:02 AM
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