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Warning! Scams on Foreclosures
#1
Yesterday, we, who are in Puna, were woken up to a call from my cousins who rent my mom's house in No Hollywood. They said someone came to the door and posted a foreclosure notice. (Now if you knew my mom who lives on the Big Island, this is so not her mode! She gets nervous when a bill arrives and she doesnt pay it for 2 days! oh yah and coincendently this house has been paid off in full this past week as my parents owned it for many many many years!)

At first I thought it was some paperwork error, transposed address numbers or something as they didnt even have the correct bank.

Rodeo REO aka the A Team also told the tenants (my cousins) that they didnt need to pay rent any more. When i started delving into it the company was very evasive about who was the owner - even the company name.

This whole thing may be part of the current scam to get little old ladies to get nervous and do any number of things including: sign over house to get reduced mortgage, give server a check or worse some cash to apply to "loan", etc etc etc. I did speak with a investigator in the LA County district attorney's office (who unlike COH offices, actually answered his phone - no voice mail - a real person) and he sent me a link for the actual complaint forms. Unscrupulous people are checking public records and when they see a transfer from two people (Mom and Dad) to one - just mom and the previous transfer was 30-40-50 yrs ago or more, they target these little old ladies.

So please beware this could happen on the Big Island too, or your mother's city. What scares me for other little old ladies is that maybe they wont have someone to help sort through this and they lose their home.

Edited to make it Puna related, although I know its a stretch.
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Messages In This Thread
Warning! Scams on Foreclosures - by Kapohocat - 10-08-2010, 05:17 AM
RE: Warning! Scams on Foreclosures - by riverwolf - 10-08-2010, 06:19 AM
RE: Warning! Scams on Foreclosures - by Kapohocat - 10-08-2010, 08:29 AM

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