Posted by Brason Services, Etc. on 6/19/08 3:43pm
Msg #252081

FYI - Update on Foreclosures

Link to informative article about the foreclosure crisis: http://biz.yahoo.com/ap/080619/mortgage_fraud.html

I had a call from a construction company that screamed 'red flag' ("Mortgage foreclosure rescue scams, which promise to help struggling homeowners stave off foreclosure and keep their homes, also have become a major problem". I notified the National Notary Association.

Now with the loss of property in our area, I think it wise for us to be extra cautious. The local papers have already featured articles warning homeowners of unscrupulous offers of 'help'.

Reply by Sylvia_FL on 6/19/08 3:55pm
Msg #252088

"I notified the National Notary Association"

What do you expect them to do about it?

Reply by davidK/CA on 6/19/08 4:21pm
Msg #252093

A new training class and membership option from XYZ

"How to make BIG money in saving houses from foreclosure!" Classes start next month. Register now, only $195 plus $49 for special foreclosure forum. Order in the next two days and save $1.

A new opportunity for our special members. Don't miss it!

Reply by BobbiCT on 6/20/08 7:44am
Msg #252195

Training class from XYZ affiliate ...

They already have on-line training classes through (I think) AMC and Gary Drury. His marketing materials include that he is an affiliate of XYZ. I think the training is on being a foreclosure mediator specialist and bankruptcy assistance.

I haven't taken them and don't know anyone who has, so I can't speak to how profitable this area of the non-law is. I know of attorneys in CT who act as "mediators" among servicing companies, owner of the Note, and borrowers (and sometimes with the Court), but not of any non-attorney paralegal "specialists" doing this.

Reply by John_NorCal on 6/19/08 5:33pm
Msg #252108

Seems like some people have developed a misguided perception of the NNA's worth.