C Tann-Starr's Outside Blog

head_left_image

Home Owners Beware.

 

I am very thankful that my girlfriend Melodious made this information available for a re-blog.

 

I received an interesting call from my mother two days ago.  She had been contacted by someone regarding her mortgage.  He told her she could get a loan modification and here is how, "Don't pay your mortgage.  When you receive a letter from the lender regarding the late payments I will contact them on your behalf.  They will make arrangements to modify your loan.  My fee is $299, but you will save at least two months of regular payments."

My heart sank.  I asked, "Are you late?  Why did this person call you?"  She explaned she hadn't been late but has an ARM (adjustable rate mortgage) and he mentioned he knew.  My question is how did he know?  He also told her the rate was about to go up.

I am glad she called to let me know about the latest scam.  She was smart enough to ask him to send an email regarding the conversation.  He was dumb enough to do it.  She sent a forward to me and I am going to report him at the highest level of authority I can find.

If you are late on your mortgage payments, ARM or not, there are professionals that can help you.  Seek the advice of your local Realtor.  Don't believe you can scam your lender with the help of someone who sounds like they know how.

Disclaimer: Any comments and contributions provided on ActiveRain.com (or other electronic or print media) does not establish an agency relationship with any third party. Blog posts are intended to be informational only. Please be advised that real estate practices vary in regions and from state to state and market to market. The information contained herein does not constitute legal advice. All parties in need of legal, accounting, tax, or real estate guidance are directed to consult with the licensed professional of their choice. Please seek specific guidance from a retained professional in the specific field(s) required to service your interests. I and/or team blog writers make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this web site and its associated sites inclusive of but not limited to CarolynTannStarr.com MySpace/TannStarr 46486 NY Working Moms Examiner ActiveRain Group Club Chaos ClubChaosAgents.com CyberMinions.net CTannStarr Outside Blog CTannStarr Localism Blog TannStarr.net UberMental.com

© Carolyn Tann-Starr, 2008-2015. Unauthorized use and/or duplication of this material without express and written permission from the re-blog authors (when appropriate)and Carolyn Tann-Starr is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Carolyn Tann-Starr, (the re-blog authors when appropriate) and Wordy C's Blog with appropriate and specific direction to the original content.

 

Carolyn Tann-Starr Outside Blog Outside Blog Minion Report on Facebook Carolyn Tann-Starr on Blogger  CTannStarr on Twitter Tann Starr on YouTube TannStarr.net

Tann Starr on iTunes

Tann Starr on IMDb

Kim Harrison  Vicki Pettersson  Jocelynn Drake  Jaye Wells  Amy DeZellar  Lynn Rush  Jeannie Holmes

Ward Nasse Gallery

Kendall Grey  Jeaniene Frost  Faith Hunter  Stacia Kane  Sherry Soule

Alicia Anderson: Touched By People Places and Things

CarolynTannStarr.com

Tann Starr on Amazon.com

Life With Wee People

Outside Blog Minion Report

MySpace

Ask me something...

Tann Starr on Jango Music

Tann Starr on Blip.fm

Felix Lipov, Official Photographer, Ambassadors of Chaos

 

 

 

Comment balloon 25 commentsC Tann-Starr • December 18 2008 06:06PM

Comments

Thanks C, I hadn't seen this one.  You are letting your serious side take over again.  Just saying.

Posted by Susan Mangigian, Chester & Delaware County Homes, Delaware and Ches (RE/MAX Preferred, West Chester, PA, RS152252A) about 9 years ago

Plus you haven't visited me in days. 

Posted by Susan Mangigian, Chester & Delaware County Homes, Delaware and Ches (RE/MAX Preferred, West Chester, PA, RS152252A) about 9 years ago

Thanks for the re-blog.

Posted by Melody Botting, You Deserve The Best (Broker Associate PenFed Realty) about 9 years ago

Susan, my love. hubby is home on vacation. Sorry I have not visited you as much as I would love to. We have been trying to figure out how to fit him into the little minion's routine (LOL). It's a whole new world to be home all day with the wife and both kids (LMAO). Poor, poor Mikey. I think we all have to get used to it now. Maybe I should be saying "poor me." ;-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Melodious, you are very welcome. Thank you for sharing what happened with your mom. People need to know there is some hinky stuff going on out there and they should be very careful with their assets.

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

I appreciate it!  Mikey will learn just how much energy it takes to manage minions!

Posted by Melody Botting, You Deserve The Best (Broker Associate PenFed Realty) about 9 years ago

Carolyn and Melody - Most title companies can generate a list of home owners with ARMs. Around here, the list is generally inaccurate. As for their advice, there are sharks everywhere.

Posted by Fred Chamberlin, Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant (Guild Mortgage Co - Oak Harbor WA) about 9 years ago

LOL @ Melodious. ;-)

Thank you, Fred. :-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Preying on older Americans or owners in distress should be punishable by letting Mel and C. have at them.......

Posted by Julie Chapman, New Homes Sales Lakeland Florida (DR Horton ) about 9 years ago

I second Julie! We could tie them to chairs and let the minions loose in a really tiny interview room (LOL). Hint: I'm not talking about my "little" minions either (ROTFL). I've got BIG minions too. I shall have to blog about my law enforcement peeps. ;-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Carolyn,

When a mortgage with an ARM is recorded as public record it often contains an ARM addendum...this info is available publicly to sincere and scammer alike!!! But in reality that ARM mortgage, if adjusting soon, will probably bring good news...as most indexes are at historically low levels...!!! JMHO, Thanks,   Fran

Posted by Fran Gaspari, "The Title Man" - Title Insurance - PA & NJ (Patriot Land Transfer, Inc.) about 9 years ago

Thank you, Fran. Most people I know are clamoring for fixed rates because of the possibility of a future rise. Wonder what we will get down the road...  

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Carolyn,

I won't be surprised to see rates below 4%...who will qualify for those rates however is another question...appraisals, home equity, and income are the three hurdles to overcome...a new wave of refis, however, could spur an attempt at a real estate recovery...!!! We'll see...!!! Thanks,   Fran

Posted by Fran Gaspari, "The Title Man" - Title Insurance - PA & NJ (Patriot Land Transfer, Inc.) about 9 years ago

Fran, from your lips to God's ears. I am very hopeful, my friend. :-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

C,

Just another example of somebody looking to make a quick buck at someones expense.

@Fran,

Thanks for the clarification

Posted by Don Rogers, Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes (Keller Williams Realty Chesterfield) about 9 years ago

Don, I was a bit disturbed to read someone would do this but it seems that is has been going on for a while. 

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Carolyn, I instantly thought of my parents, who don't have a mortgage but who are 85 and 86 and although they haven't fallen for any scams, I still worry because these scammers seem to able to get a hold of more and more information every day.

Posted by Barb Szabo, CRS, E-pro Realtor, Cleveland Ohio Homes (RE/MAX Trinity Brecksville Ohio) about 9 years ago

I know what you mean. I had to tell some of my elders not to touch a reverse mortgage. That money being taken out of their home is not free. It has to be paid back. If they want to leave the house to their kids they are creating debt for them.

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

That's a new one on me, C. Nobody should ever stop making mortgage payments unless that person is ready to accept foreclosure, if it happens. There are so many scams out there. I'd like to think that elderly people and the naive have a person they can trust to talk over such proposals before hastily agreeing to such a thing.

Elizabeth Weintraub Land Park Real Estate Agent in Sacramento

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) about 9 years ago

Little sister - There is so much of this going on in Las Vegas and the fees go from 200 to 1800 dollars, very good post and great answer. Contact your Real Estate Agent.

Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) about 9 years ago

Read this one the other day, it was certainly worth the reblog.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) about 9 years ago

There as certainly some nasty ass people out there. Like times aren't hard enough. Unbelievable.

Posted by Lisa Glowacki, Real Estate Broker - RI & MA (Lisa Glowacki - Rhode Island & Massachusetts) about 9 years ago

Elizabeth, there is a lot of that going on up here and it is really making our jobs very difficult because sellers are playing games with their homes on the market (to hedge their bets in case the loan modification does not go through). I presented 8 offers on a pre-foreclosure that the seller never intended to sell. Wasted my time, money and talent. I have to bite my tongue now (LOL).

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Thank you, Robert.

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Lisa, I was up in arms when I read it.

JL, I'm with you. Definitely worth the re-blog.

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Participate