Minnillo & Jenkins, CO. LPA
Call 513-723-1600
For A No-Pressure, Free Consultation

Don't fall victim to a foreclosure assistance scam

Losing their home is a chief concern for many Ohio residents who are facing financial turmoil. After all, most families dream of owning their own home, and it is a goal that many work toward for a number of years before making the purchase. Holding onto that property through financial difficulties is important, and many homeowners will go to great lengths to avoid losing their home to foreclosure. Unfortunately, there are a multitude of scams aimed at taking advantage of homeowners who are struggling to keep their home, and it is important to know what to look for when evaluating offers of foreclosure assistance.

In fact, three men were recently sentenced in a foreclosure rescue scam operating out of the West Coast. Evidence presented by the prosecution painted a picture of an operation that specifically targeted distressed homeowners and offered to help them restore "free and clear" ownership of their homes. In reality, however, the company was collecting payments for little to no service.

The company was known as Star Reliable Mortgage and offered clients a "loan elimination" service. Clients were told to stop making payments on their mortgage and asked to pay up-front fees of between $2,500 to $4,500 to Star Reliable Mortgage. In total, hundreds of thousands of dollars were collected by the company. The owners and employees filed fraudulent documents in county offices to slow the foreclosure process.

As part of their recent sentencing, the defendants are required to repay former Star Reliable Mortgage clients more than $1.1 million in restitution. They are also ordered to repay Fannie Mae and Freddie Mac, both of which lost money when clients' homes went through foreclosure. This information is shared in the hopes of educating Ohio homeowners of the dangers of various foreclosure assistance scams. Unfortunately, for every scam that is uncovered, many more remain up and running at any given time.  

Source: recorderonline.com, "Three sentenced in foreclosure rescue scam", July 26, 2017

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact us right now for a free bankruptcy consultation

NACBA - National Association of Consumer Bankruptcy Attorneys

Proud Member NACBA

We are proud members of the NACBA, a national organization dedicated to serving the rights of consumer debtors. Read More

Super Lawyers

Jenkins Named Super Lawyer!

Founding partner, Christian A. Jenkins, was selected by his peers and the media as a Super Lawyer. Read More

Cincinnati Office
2712 Observatory Avenue
Cincinnati, OH 45208

Phone: 513-723-1600
Cincinnati Law Office Map

Cincinnati Office
792 Eastgate South Dr
Suite 150
Cincinnati, OH 45245

Phone: 513-685-0612
Cincinnati Law Office Map

Fairfield Office
447 Nilles Rd
Suite 9
Fairfield, OH 45014

Phone: 513-795-0995
Fairfield Law Office Map

Covington Office
526 Philadelphia St.
Covington, KY 41011

Phone: 513-795-0995
Map & Directions