Secret Service Investigating Central Florida Foreclosure Rescue Operator; Resident Loses Home To Scam

In Osceola County, Florida, Central Florida News 13 (Orlando) reports:

• The Secret Service is now investigating a possible case of mortgage fraud that possibly includes hundreds of local homeowners. Teodoro Flores lost his home in Poinciana Wednesday. It all surrounds a company called 4 Solutions. It's accused of attracting families in Central Florida and throughout the state posing as a foreclosure prevention company and running away with people's money.

According to the television report, Flores unwittingly signed over title to the home in a transaction orchestrated by the Tampa-based 4 Solutions in a sale-leaseback scam. After coming home from work recently, he found all of his belongings out on the street, a result of a foreclosure eviction. In addition to the Tampa office of the U.S. Secret Service, the local Tampa cops are also investigating 4 Solutions.

Go here to watch television coverage on this story.

To read the online story, see Home Lost In Foreclosure Scheme.

Go here for 4 Solutions website (no longer online).

Go here for other posts on 4Solutions.

For more on equity stripping scams, generally, see DREAMS FORECLOSED: The Rampant Theft of Americans' Homes Through Equity-stripping Foreclosure 'Rescue' Scams (4.61 MB approx.).