It is terribly disturbing to see just how many consumers get ripped off from scam artists convincing them that any variety of mortgage loan audit or securitization audit will provide benefits that can save their home from foreclosure…
In large part, all of these things are scams….
The scams are so prevalent that in Florida we’ve got a law specifically on point that prohibits virtually all such activities, called, the Florida Foreclosure Rescue Fraud Act and found at Florida Statutes, 501.1377, here is what it prohibits
(3) PROHIBITED ACTS.—In the course of offering or providing foreclosure-related rescue services, a foreclosure-rescue consultant may not:
Osceola Clerk of Court Armando Ramirez paid a felon $34,500 last year to find out if banks and other lenders were guilty of mortgage fraud.
Months later, Ramirez claimed his investigation found 156 suspected cases of lenders defrauding homeowners and 26 more targeting elected officials. Orange-Osceola State Attorney Jeff Ashton turned over the findings to the sheriff’s office to investigate.
On Tuesday, Sheriff Bob Hansell announced his agency’s 10-month investigation didn’t find a single crime.
The sheriff’s report stated that Ramirez refused to assist the investigation and that the auditor he hired, David Krieger of DK Consultants in San Antonio, would not say who conducted the review.