Saturday, July 03, 2010

Cancer Victim Loses Desperately Needed Cash, Home After Being Snagged By Loan Modification Ripoff; Suspect Charged By Feds In Other Scams

In Hintington Beach, California, KABC-TV Channel 7 reports:
  • Nadia Iskander is in a race against time. Iskander is fighting breast cancer. She lost her husband. Now, she may lose her home after falling victim to a foreclosure rescue scam.

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  • Last year, Iskander and her family held a sale at their jewelry store in Huntington Beach to raise money to pay for her medical treatment. Her home was also facing foreclosure. She borrowed against it to cover her husband's medical bills. He has since passed away.

  • For two years, Iskander and her daughter, Sherine, have worked on modifying their home loan through Aurora Loan Services, making payments. They also turned to a long-time customer, George Eggleston, who operated under the company Nexxus, or Private Solutions Group. They paid the 63-year-old now calling himself Giordan $7,000 to rescue their home. "He did nothing," Sherine Iskander said.

  • Eggleston was arrested last week and now faces federal charges involving other victims. Authorities allege he was operating a foreclosure rescue scheme dating back to 2008. "It was money that could have been used for medical," said Sherine as she wept. "It was money that could have been used for the bank. He did not negotiate with the bank. He just took our money."

  • The Iskanders have contacted the FBI about Eggleston. The FBI said it continues to investigate him. Last week, the Iskanders received a notice telling them their home was no longer theirs.

For the story, see Woman with cancer loses husband, possibly home.