Your FREE ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL – 12/06/2011 list has been posted.
These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!
I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.
The federal government is cracking down on scammers who target struggling homeowners looking to lower their monthly mortgage payments. Hundreds of con artists have been taking advantage of victims through online advertisements on search engines Google, Bing and Yahoo! promising to help homeowners modify their mortgages through the government-run program known as the Home Affordable Modification Program (or HAMP).
Last week, the agency that investigates fraud, waste and abuse in the government’s Troubled Asset Relief Program, announced that it has shut down 85 scams that were advertising on Google. Then, on Monday, it announced it had halted another 125 shady advertisers on Yahoo and Microsoft’s Bing search engine.
Ever since HAMP and other federal aid programs aimed at helping struggling homeowners were launched, scam artists have been finding ways to exploit them. Google has since suspended relationships with 500 advertisers and agents linked to the online mortgage fraud scams that advertised on its search engine, according to the inspector general’s office. Microsoft, which powers Bing and Yahoo’s advertising searches in the U.S., cut off 400 advertisers this week.
The most common type of scam involves asking homeowners for up-front fees in exchange for assistance with mortgage modifications that never come to pass. Even worse, some scammers instruct homeowners to suspend their mortgage payments and cease all contact with their lenders, telling them to send the payments to the scammers instead. In some cases, they even get the homeowner to transfer over their property deeds and share sensitive financial information.
By the time these scams unravel, homeowners can lose thousands of dollars and be many more months behind in payments. At that point, they may find it impossible to catch up with their mortgage and retain their homes.