Comments on: The Many Faces of Mortgage Fraud & Rip-offs http://www.americanconsumernews.com/2007/01/the-many-faces-of-mortgage-fraud-rip-offs.html News for Consumers in Changing Times Sun, 12 Feb 2012 04:49:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John Harper http://www.americanconsumernews.com/2007/01/the-many-faces-of-mortgage-fraud-rip-offs.html/comment-page-1#comment-88 John Harper Mon, 29 Jan 2007 21:33:00 +0000 http://www.americanconsumernews.com/2007/01/the-many-faces-of-mortgage-fraud-rip-offs.html#comment-88 Thanks for the post. <a href="http://www.theharperteam.com/blog/our-team/real-estate-fraud-averted/">Here<br />is our run in</a> with a bunch of con artists try to steal a<br />local home worth $7 million. Thanks for the post. Here
is our run in with a bunch of con artists try to steal a
local home worth $7 million.

]]> By: Home Equity Theft Reporter http://www.americanconsumernews.com/2007/01/the-many-faces-of-mortgage-fraud-rip-offs.html/comment-page-1#comment-81 Home Equity Theft Reporter Fri, 26 Jan 2007 17:28:00 +0000 http://www.americanconsumernews.com/2007/01/the-many-faces-of-mortgage-fraud-rip-offs.html#comment-81 These "foreclosure rescue" & "foreclosure bailout" deals may be "ripe" for being voided in court by invoking, what experienced real estate lawyers call, the "equitable mortgage" doctrine.<br /><br />This doctrine basically says that, even though you "sell" your home to an investor and you simultaneously rent the property back from the investor, a court of law may look at the entire transaction as a "disguised loan" (and potentially, a disguised usurious loan) structured as a sale leaseback with a "buy back" option on the investor's part designed to avoid usury laws and to avoid the hassle of having to foreclose on the homeowner (thereby impermissably stripping him/her of their equitable redemption rights).<br /><br />Check out the blog:<br /><br />The Home Equity Theft Reporter at<br /><br />http://HomeEquityTheft.blogspot.com<br /><br />for links to stories about "foreclosure rescue" scams & other "home equity theft" scams (& the people victimized by it) from around the country.<br /><br />The blog posts on this blog regarding the "equitable mortgage" doctrine can be searched at the following links:<br /><br />http://homeequitytheft.blogspot.com/2006/12/assistance-available-for-attorneys.html<br /><br />AND<br /><br />http://homeequitytheft.blogspot.com/2007/01/foreclosure-rescue-operator-violates.html<br /><br />AND<br /><br />http://www.google.com/search?q=+%22equitable+mortgage%22+site:http://homeequitytheft.blogspot.com&num=20&hl=en&lr=&safe=off&as_qdr=all&filter=0 These “foreclosure rescue” & “foreclosure bailout” deals may be “ripe” for being voided in court by invoking, what experienced real estate lawyers call, the “equitable mortgage” doctrine.

This doctrine basically says that, even though you “sell” your home to an investor and you simultaneously rent the property back from the investor, a court of law may look at the entire transaction as a “disguised loan” (and potentially, a disguised usurious loan) structured as a sale leaseback with a “buy back” option on the investor’s part designed to avoid usury laws and to avoid the hassle of having to foreclose on the homeowner (thereby impermissably stripping him/her of their equitable redemption rights).

Check out the blog:

The Home Equity Theft Reporter at

http://HomeEquityTheft.blogspot.com

for links to stories about “foreclosure rescue” scams & other “home equity theft” scams (& the people victimized by it) from around the country.

The blog posts on this blog regarding the “equitable mortgage” doctrine can be searched at the following links:

http://homeequitytheft.blogspot.com/2006/12/assistance-available-for-attorneys.html

AND

http://homeequitytheft.blogspot.com/2007/01/foreclosure-rescue-operator-violates.html

AND

http://www.google.com/search?q=+%22equitable+mortgage%22+site:http://homeequitytheft.blogspot.com&num=20&hl=en&lr=&safe=off&as_qdr=all&filter=0

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