“Rescue Refinance” Mortgage Fraud

Posted on December 29, 2010


A new term has hit my radar “rescue refinance” There is a “deed transfer clause” that transfers the title of the home over to the so-called rescuer. Another form is the “quit claim deed” surrendering your rights of ownership to the one who is “helping” you.
Federal agencies are getting together to scare off these felonious helpers
– but it’s YOUR responsibility as a homeowner to hire a real lawyer and not try the easy route. Paperwork can be confusing, but it’s better to admit that you’re not a document specialist and take your stuff to a skilled professional.

See Axsmith.net for more details.  Christine Axsmith, Esq. is a Washington, DC – based attorney specializing in foreclosure fraud, illegal foreclosure, real estate fraud.  Her credentials can be viewed at her LinkedIn profile.  The Axsmith Law website has a wealth of information for review related to elder law and foreclosure prevention. 
Other sources of valuable information are the AARP website, the Federal Trade Commission website and the HUD website.