Tag archives for loan modification scam

Real Estate Scam of the Day: Loan Modification Companies in Hot Water

After a year-long undercover investigation of 80 loan modification companies, the National Fair Housing Alliance and three other homeowner advocacy groups released findings that reveal serious problems in the industry. Some of the numbers are staggering, with more than half of the loan modification companies requiring that homeowners pay an upfront fee to start work on a loan modification (while Read full article »

Real Estate Scam of the Day: Loan-Mod Texter Shut Down by FTC

A Huntington Beach, California man who was promoting his loan modification website via mass text-spamming is now facing an FTC complaint, frozen assets and a permanent injunction to prevent him from texting to promote his business ever again. The man, Phillip A. Flora, sent out more than 5 million illegal text messages was soliciting phone numbers and promoting a website Read full article »

Grant to Homeownership Preservation Foundation to Fight Scams

Thanks to a $1 million grant from HUD, the Homeownership Preservation Foundation (HPF) will continue to be the “primary call to action” for HUD’s campaign to help distressed homeowners avoid being scammed by con artists taking money for foreclosure preventions and loan modifications. HPF’s Homeowner’s HOPE Hotline is a “central point of contact that homeowners in the U.S. rely on Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.