Home Loans and Mortgages – Beware of New “Mortgage Elimination” Scam

Written by Charles Essmeier


The booming real estate market has allowed many Americans to become “equity rich.” They may not have a lot of cash on hand, but they might have equity in their homes worth several hundred thousand dollars or more. Unfortunately, this increase in home wealth has spawned an equally booming business in equity theft, as more and more thieves find increasingly clever ways to con homeowners out of their equity, their homes, or both. One clever new scam involves companies that promise to completely “eliminate” a homeowner’s mortgage. For a fee of a few thousand dollars, these companies claim that a homeowner can have a free and clear title to their home without paying offrepparttar remaining debt. How does this scam work?

This scam is a bit more complicated than other scams that often use simple forgery of identity theft. In this “mortgage elimination” scam,repparttar 143389 homeowner places his home in a trust withrepparttar 143390 mortgage elimination company asrepparttar 143391 trustee. The trustee files a long, tedious, frivolous, letter of complaint withrepparttar 143392 mortgage company, giving them a mere ten days to respond.

Guide to Debt Consolidation Loans

Written by John Mussi


Here is a useful guide to Debt Consolidation Loans. A Debt consolidation loan is a loan used to repay several other loans. A Debt Consolidation Loan is a low cost loan secured on your home. It frees uprepparttar spare capital (equity) in your home to repay your store card and other debts. It can reduce both your interest costs and your monthly repayments, putting you back in control of your life.

Are you tired of always having to balance lots of payments atrepparttar 143388 end of each month? Want a solution that will give yourepparttar 143389 chance to not only pay less each month but also manage them all in one simple payment?

Debt Consolidation loans can give you a fresh start, allowing you to consolidate all of your loans into one - giving you one easy to manage payment, and in most cases, at a lower rate of interest.

A debt consolidation loan is a single loan that can be used to pay off multiple existing debts. These debts may have been incurred through personal loans, credit cards, overdrafts, or may represent any number of unpaid bills that have built up over time.

Asrepparttar 143390 name suggests, a debt consolidation loan takesrepparttar 143391 group of debts that you owe, and consolidates them into one. This would mean that you only have one monthly payment.

Sincerepparttar 143392 Debt Consolidation loan can be paid off over a longer time period, your individual monthly instalments would also be reduced.

If you find you have several monthly payments on a number of different loans you can make things easier for yourself by bringing them all together and taking out one single loan to pay offrepparttar 143393 total debt.

With a Debt Consolidation Loan you can borrow from £5,000 to £75,000 and up to 125% of your property value in some cases. Debt consolidation usually reducesrepparttar 143394 borrower's monthly payments by loweringrepparttar 143395 interest rate or extendingrepparttar 143396 repayment period or sometimes both.

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