A former Libertyville woman imprisoned in the mid-1990s after she bilked dozens of Lake County home buyers out of millions of dollars was sentenced in federal court Friday to 12 years in prison for.

Yao Fou Hinh Chao is a trusting man. But after two loan mortgage modification scams bilked him out of more than $4,500, putting him at risk of losing his Skyway home to foreclosure, the 60-year-old Chao did not know whom to trust. Enter the Northwest Justice Project, a legal aid organization that.

In general, any company that tries to charge you a fee for mortgage counseling, a loan modification, or other kinds of mortgage relief is most likely a scam. The few programs that can truly help distressed homeowners, like the MHA programs, are free.

A mortgage originator from Chicago stands accused of running a reverse mortgage scam and defrauding elderly homeowners and lenders out of $7 million. According to the U.S. Attorney’s Office for.

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Operators charged illegal upfront fees and falsely promised to reduce or eliminate consumers’ student loan debt The Federal Trade Commission alleged that a California-based student debt relief scheme bilked consumers out of millions of dollars using false promises that they could reduce their monthly payments, or eliminate or reduce their student loan debt.

Thousands of victims – many of them working-class Haitian Americans from South Florida – are one step closer to receiving restitution for a Ponzi scheme that bilked them out of at least $30 million ..

Housing begins to directly contribute to economy Housing Economics NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.

Mortgage modification scammers bilked homeowners out of millions Housing Wire Three California residents are facing between 60 and 170 years in federal prison after they were convicted of running a nationwide mortgage modification scam that defrauded thousands of distressed homeowners out of millions of dollars.

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Police say 15 people have been arrested for their involvement in a loan modification scam targeting mostly Spanish-speaking victims, who have been bilked of more than $1 million.

3 Involved In inland empire loan modification scam That Targeted Financially Distressed Homeowners Guilty Of Federal Fraud Charges. business that offered bogus loan modification programs to thousands of. more than 5,000 struggling homeowners out of approximately $7 million using deceit and.