Ilyce Glink Show Notes May 16, 2010 – Fraud Alert – Roofing and Homeowners Insurance – Stock Market Update. Today on the show we talked about how scam artists are targeting people who are trying to repair their nest eggs. Hail damage, we took a ton of callsCalls occur when a company orders preferred stock or bond holders to turn in their stock or bonds for money. about roofing problems, hail damage and homeowners insurance. We talked about annuities and how the 1,000 pointA Point is one percent of a loan amount. stock market swoon caught people who had sell orders and they got burned financially. Fee only financial planners and how to protect yourself and your assets. Also, what are you really worth? Books and Ebooks – ORDER TODAY!
FBI Warns Of New Twist In Counterfeit Check Scheme Counterfeit check schemes involving the wiring of money to a bank account overseas have been frequently reported to the FBI. The FBI now warns of a new twist in counterfeit check schemes where the fraudulent client emails as an an ex-wife in an Asian country soliciting a U.S. law firm’s assistance in recovering divorce settlement funds.
The FBI’s Internet Crime Complaint Center has reported an increase in mystery/secret shopper schemes. Legitimate secret shopper programs exist, but fraudsters are taking advantage of those unaware of schemes involving counterfeit check cashing or identity theft.
Scams: Haitian Scams Abound – FBI Issues Haitian Scam Alert The FBI continues to remind the public to apply a critical eye and do their due diligence before giving contributions to anyone soliciting donations on behalf of Haitian victims. Solicitations can originate from e-mails, websites, door-to-door collections, mailings and telephone callsCalls occur when a company orders preferred stock or bond holders to turn in their stock or bonds for money., and similar methods.
Debt overload or overboard? A small business owner is facing off with the recession. On one hand, he has to refinance his debt to stay afloat. On the other hand, navigating the complicated waters of small business loans has him confused. A miracle phone call seems to answer all of his needs and provide him with the money he needs to retain his employees. How can you find out if an offer is a scam or if it can truly help save your business?
Scams from Nigeria are targeting apartment rentals in South Carolina, Illinois, Colorado and California. You need to be careful to avoid these Nigerian apartment rentals scams. Use common sense and do your due diligence before sending any information to third parties you do not know. Once you become a victim of a scam from Nigeria that target apartment rentals, you’ll have to take action to protect your financial information.
How do you know if you’re the victim of a real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. fraud, a housing scam or mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose on the home. fraud? A reader listed his house for sale with an investor who was also a RealtorA Realtor is a designation given to a real estate agent or broker who is a member of the National Association of Realtors.. The investor/Realtor transferred ownershipOwnership is the absolute right to use, enjoy, and dispose of property. You own it! of the homeowner’s property to himself using a quit claim deedA Quit Claim Deed is a deed that operates to release any interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage of the total loan charged annually for the use of the funds. in a property that a person may have, without a representation that he or she actually has a right in that property. For example, Sally may use a quit claim deed to grant Bill her interest in the White House, in Washington, DC, although she may not actually own, or have any rights to, that particular house., but left the homeowner on the hook for the mortgage. Is he the victim of a housing scam or mortgage fraud?
In a new twist on the Nigerian email scam, online rental ads are soliciting potential renters to wire money for several months rent, in exchange for super low rent rates. A scam alert from the FBI warns against the latest Nigerian scam. Online rentals found through sites like Craigslist are attracting this new Nigerian scam. The FBI warns renters searching for apartments and rentals to be wary of anyone asking for personal information, or who isn’t local.
In its 2008 survey of mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose on the home. fraud, the FBI concluded there is a strong correlation between mortgage fraud and distressed real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. markets. Indeed, some of the states with the highest levels of mortgage fraud also had the highest levels of foreclosures. But new mortgage fraud scams emerged in 2008 that tested the abilities of the FBI to contain them. Here is a look at the newest mortgage fraud scams.
MortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose on the home. fraud and mortgage scams increased dramatically in 2008, as homeowners found themselves pushed into mortgages they couldn’t afford, or lenders realized they had approved loans based on false premises. The survey found that mortgage fraud complaints surged in 2008. At least 63 percent of all pending FBI mortgage fraud investigations during FY200 involved dollar losses totaling more than $1 million. There were nearly 64,000 Suspicious Activity Reports (SARs) filed in FY2008, with losses of more than $1.4 billion, an increase of 83 percent over FY2007.