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May 18, 2006

Beware of Mortgage Rescue Firms

Peter Coy

People who fall behind on their mortgages can fall prey to "rescue" firms that take over their houses and then eventually evict them. Here's a heartbreaking story on the topic from the St. Petersburg Times. Thanks to blogger David Porter of Pacesetter Mortgage for pointing it out.

08:00 AM

Mortgages

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I read this article in the Times on Sunday. It's sad when desperation sets in and emphasizes the need to read documents carefully.

Maybe you should do a post on the guy that in 2002 bought underwater lots in Tampa Bay from tax auctions and then forced homeowners to pay gobs of money or have access to their docks restricted. Another story of the property boom.

Posted by: Wes at May 18, 2006 12:02 PM