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A foreclosure rescue scheme is a scam that targets those whose house is facing potential foreclosure. The scheme preys on desperate homeowners whose mortgages are in default by offering to prevent the foreclosure. [1][2] There are various ways in which foreclosure rescue schemes work, causing different types of harm to the homeowners, but all ...
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A deed-in-lieu of foreclosure involves turning over your home to a lender to avoid foreclosure proceedings. In some instances, going this route could help you avoid paying the remaining loan ...
Marcus Schrenker. Marcus Schrenker (born November 27, 1970) [5] is a former American financial advisor. In 2009, he attempted to fake his own death due to personal, financial, and legal troubles. As a result, he was the subject of a multi-state, three-day manhunt. [6][7][8] After pleading guilty to federal charges he was sentenced to 51 months ...
Nonetheless, Joe Hogsett, the U.S. Attorney for the Southern District of Indiana, called it the longest sentence ever imposed for a white-collar offense in Indiana history. [ 9 ] On September 4, 2014, a federal appeals court overturned two of 10 wire fraud counts against Durham and ordered a new sentencing hearing, saying prosecutors failed to ...
A foreclosure occurs when a lender takes control over a property from a borrower for failing to make timely payments. A foreclosure can damage your credit score and result in loss of property. As ...
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...