Friday, July 27, 2007

86 Year Old Ohio Woman Ripped Off By Foreclosure Rescue Service; Demands Full Refund

WKYC-TV Channel 3 in Cleveland, Ohio reports on Sadie Booker, an 86 year old woman holding down three jobs who was facing foreclosure on a predatory mortgage loan on her home. She paid a $500 upfront fee to Foreclosure Solutions and Mediation and Michael Shafran, a local foreclosure rescue service in Macedonia who reportedly told her they can stop the sheriff's sale. A week before the sale, they sent Sadie a letter informing her that they would be unable to help her. When she asked for a refund, they refused, saying that they get $100 an hour for their time.

Fortunately for Sadie, a member of ACORN stepped in at the last minute and reportedly was able to stop the foreclosure of the predatory mortgage on her home at no cost to her. Feeling energized by the last minute reprieve, she, backed by a gang from ACORN (and presumably a WKYC cameraman trailing behind capturing the events on video), marched over to Shafran's house demanding all of her money back.

To see what happened, watch the WKYC-TV Channel 3 report (no longer available online), or to read the online report, see Homeowners facing foreclosure are targeted again.

For a story of another Ohio foreclosure rescue service, this one being sued for allegedly ripping off homeowners out of an $1,150 upfront fee, see Foreclosure Rescue Service Sued In Cincinnati For Alleged Failure To Provide Promised Services.

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