Victim Of Foreclosure Rescue Operator Loses Home; Vows To Keep Fighting

The Orange County Register reports that the home of an Anaheim woman, victimized by a Southern California foreclosure rescue operator, was sold at a foreclosure sale to the lender holding the mortgage on the home; it was the only bidder for the home. She currently has a civil lawsuit pending whereby she alleges that:

• she and her family were victims of a forged deed transferring the property to a sham buyer,
• the original loan on the home was paid off by a new mortgage,
• she never received the excess cash that was issued in the new loan, and
• since she never authorized the new loan, the lender has no right to evict her or her family.

Attorneys involved in the case agree that the lender may not be able to recover the full amount of its loan, but could be entitled to reimbursement for paying off the homeowner's original loan. For more, see Anaheim family loses title to home (A woman claiming to be the victim of a mortgage scam said the lender repossessed the home last week. She vowed, however, to contest the change in ownership)

For a related story, see Let the borrower beware (Officials say a growing number of 'foreclosure rescue scams' are targeting property owners who fall behind on their loans, siphoning off their equity and causing them to lose their houses)

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