Tuesday, June 18 2013 8:30 AM EDT2013-06-18 12:30:38 GMT
It happened around 2:30 this morning at the kangaroo express on south kentucky. You can see a heavy police presence at the scene. Officers say a white male in his late 20's, early 30's walked into theMore >>
Officers say the suspect walked into the gas station, implied he a weapon and demanded cash.More >>
The Taliban have claimed responsibility for an attack in Afghanistan that killed four U.S. troops just hours after the insurgent group announced it would hold talks with the Americans on finding a political solution...More >>
Afghanistan's president says he will not pursue peace talks with the Taliban unless the United States steps out of the negotiations and the militant group stops its violent attacks on the ground.More >>
Wednesday, June 19 2013 7:12 AM EDT2013-06-19 11:12:33 GMT
In Owensboro, you can get a behind-the-scenes look at the police department and see what officers deal with every day. This is a 12-week long class that meets at the Owensboro Police Department. It'sMore >>
In Owensboro, you can get a behind-the-scenes look at the police department and see what officers deal with every day.More >>
The $3 million Foreclosure Prevention Program is working with United Way's First Call for Help hotline. People who dial 2-1-1 can seek advice with their credit, mortgage, possible refinancing, a payment default situation or foreclosure with staff from one of nine nonprofit organizations. The program is also conducting financial education outreach programs and a marketing campaign focused on a 'Don't Borrow Trouble' theme.
ESOP works with homeowners and their lenders to obtain affordable resolutions that preserve homeownership. ESOP uses a Hot Spot Card process, through which homeowners complete documentation and provide financial information relevant to their case, and have the opportunity to make suggestions to the lender for a resolution.
The Housing Advocates, Inc., (HAI) has a 31 -year history of fighting for fair and affordable housing. Its mission is the promotion of equal housing opportunities, tenant rights, and affordable housing.
To secure justice and resolve fundamental problems for those who are low income and vulnerable by providing high quality legal services and working for systemic solutions
Foreclosure Rescue Scams: Another Potential Stress for Homeowners in Distress
The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on the vulnerability of desperate homeowners is equally frightening. Many so-called foreclosure rescue companies or foreclosure assistance firms claim they can help you save your home. Some are brazen enough to offer a money-back guarantee. Unfortunately, once most of these foreclosure fraudsters take your money, they leave you much the worse for wear.
Fraudulent foreclosure "rescue" professionals use half truths and outright lies to sell services that promise relief and then fail to deliver. Their goal is to make a quick profit through fees or mortgage payments they collect from you, but do not pass on to the lender. Sometimes, they assume ownership of your property by deceiving you, the homeowner. Then, when it's too late to save your home, they take the property or siphon off the equity. You've lost your home to foreclosure despite your best intentions.
If you think you may be facing foreclosure, the Federal Trade Commission (FTC), the nation's consumer protection agency, wants you to know how to recognize a foreclosure rescue scam. And even if the foreclosure process has already begun, the FTC and its law enforcement partners want you to know that legitimate options are available to help you save your home.
How the Scams Work
Foreclosure rescue firms use a variety of tactics to find homeowners in distress: Some sift through public foreclosure notices in newspapers and on the Internet or through public files at local government offices, and then send personalized letters to homeowners. Others take a broader approach through ads on the Internet, on television, or in the newspaper, posters on telephone poles, median strips and at bus stops, or flyers or business cards at your front door. The scam artists use simple and straight-forward messages, like:
"Stop Foreclosure Now!"
"We guarantee to stop your foreclosure."
"Keep Your Home. We know your home is scheduled to be sold. No Problem!"
"We have special relationships within many banks that can speed up case approvals."
"We Can Save Your Home. Guaranteed. Free Consultation"
"We stop foreclosures everyday. Our team of professionals can stop yours this week!"
Once they have your attention, they use a variety of tactics to get your money:
Phony Counseling or Phantom Help
The scam artist tells you that he can negotiate a deal with your lender to save your house if you pay a fee first. You may be told not to contact your lender, lawyer, or credit counselor, and to let the scam artist handle all the details. Once you pay the fee, the scam artist takes off with your money.
Sometimes, the scam artist insists that you make all mortgage payments directly to him while he negotiates with the lender. In this instance, the scammer may collect a few months of payments before disappearing.
You think you're signing documents for a new loan to make your existing mortgage current. This is a trick: you've signed documents that surrender the title of your house to the scam artist in exchange for a "rescue" loan.
You're told to surrender the title as part of a deal that allows you to remain in your home as a renter, and to buy it back during the next few years. You may be told that surrendering the title will permit a borrower with a better credit rating to secure new financing – and prevent the loss of the home. But the terms of these deals usually are so burdensome that buying back your home becomes impossible. You lose the home, and the scam artist walks off with all or most of your home's equity. Worse yet, when the new borrower defaults on the loan, you're evicted.
In a variation, the scam artist raises the rent over time to the point that the former homeowner can't afford it. After missing several rent payments, the renter – the former homeowner – is evicted, leaving the "rescuer" free to sell the house.
In a similar equity-skimming situation, the scam artist offers to find a buyer for your home, but only if you sign over the deed and move out. The scam artist promises to pay you a portion of the profit when the home sells. Once you transfer the deed, the scam artist simply rents out the home and pockets the proceeds while your lender proceeds with the foreclosure. In the end, you lose your home – and you're still responsible for the unpaid mortgage. That's because transferring the deed does nothing to transfer your mortgage obligation.
Fraudulent foreclosure "rescue" professionals use half truths and outright lies to sell services that promise relief and then fail to deliver.
The scam artist may promise to negotiate with your lender or to get refinancing on your behalf if you pay a fee up front. Instead of contacting your lender or refinancing your loan, though, the scam artist pockets the fee and files a bankruptcy case in your name – sometimes without your knowledge.
A bankruptcy filing often stops a home foreclosure, but only temporarily. What's more, the bankruptcy process is complicated, expensive, and unforgiving. For example, if you fail to attend the first meeting with the creditors, the bankruptcy judge will dismiss the case and the foreclosure proceedings will continue.
If this happens, you could lose the money you paid to the scam artist as well as your home. Worse yet, a bankruptcy stays on your credit report for 10 years, and can make it difficult to obtain credit, buy a home, get life insurance, or sometimes get a job.
Where to Find Legitimate Help
If you're having trouble paying your mortgage or you have gotten a foreclosure notice, contact your lender immediately. You may be able to negotiate a new repayment schedule. Remember that lenders generally don't want to foreclose; it costs them money.
Other foreclosure prevention options, including reinstatement and forbearance, are explained in Mortgage Payments Sending You Reeling? Here's What to Do, a publication from the FTC.
You also may contact a credit counselor through the Homeownership Preservation Foundation (HPF), a nonprofit organization that operates the national 24/7 toll-free hotline (1.888.995.HOPE) with free, bilingual, personalized assistance to help at-risk homeowners avoid foreclosure. HPF is a member of the HOPE NOW Alliance of mortgage servicers, mortgage market participants and counselors. More information about HOPE NOW is CLICK HERE.
If you're looking for foreclosure prevention help, avoid any business that:
guarantees to stop the foreclosure process – no matter what your circumstances
instructs you not to contact your lender, lawyer, or credit or housing counselor
collects a fee before providing you with any services
accepts payment only by cashier's check or wire transfer
encourages you to lease your home so you can buy it back over time
tells you to make your mortgage payments directly to it, rather than your lender
tells you to transfer your property deed or title to it
offers to buy your house for cash at a fixed price that is not set by the housing market at the time of sale
offers to fill out paperwork for you
pressures you to sign paperwork you haven't had a chance to read thoroughly or that you don't understand.
If you're having trouble paying your mortgage or you have gotten a foreclosure notice, contact your lender immediately.
If you think you've been a victim of foreclosure fraud, contact:
Federal Trade Commission
Your state Attorney General
Your local Better Business Bureau
For More Information
To learn more about mortgages and other credit-related issues, CLICK HERE.
Tuesday, June 18 2013 3:35 PM EDT2013-06-18 19:35:49 GMT
A dog battling cancer managed to hang on long enough to see her owner return from a deployment overseas. According to Jennifer Ralston's YouTube channel, Kermie, an 11-year-old beagle-lab-chow mix, wasMore >>
Kermie, an 11-year-old beagle-lab-chow mix, was diagnosed with oral melanoma just a month after her owner, Eric, was deployed overseas.More >>
Tuesday, June 18 2013 8:38 AM EDT2013-06-18 12:38:30 GMT
In a beautiful home tucked away in the woods of Lexington County, Crystal and Craig Hewitt appear to be living a fairy tale life. But their story, and why two swing sets swing empty in the summer wind,More >>
In a beautiful home tucked away in the woods of Lexington County, Crystal and Craig Hewitt appear to be living a fairy tale life.More >>
Tuesday, June 18 2013 10:54 PM EDT2013-06-19 02:54:15 GMT
A new Subway opening along Highway 41 and Morgan Avenue in Evansville treated dozens of customers to a free sandwich Tuesday evening. It was their way of welcoming folks to the new location. "It'sMore >>
A new Subway opening along Highway 41 and Morgan Avenue in Evansville treated dozens of customers to a free sandwich Tuesday evening.More >>
Tuesday, June 18 2013 9:21 PM EDT2013-06-19 01:21:05 GMT
Monday night's accident in on Interstate 64 in Gibson County claimed the life of a young girl and injured several of her family members. Fort Branch General Baptist Church Pastor Steve Akins has beenMore >>
The family's pastor has been at the hospital with the family since the accident Monday night. He tells 14 News the physical scars left by this accident are only the beginning of a long, very traumatic recovery.More >>
Tuesday, June 18 2013 9:23 AM EDT2013-06-18 13:23:30 GMT
A 5-year-old girl set up a lemonade stand across the street from the Westboro Baptist Church compound, and now the group is targeting her. Jayden Sink raised nearly $200 on Friday while she sold lemonadeMore >>
A 5-year-old girl set up a lemonade stand across the street from the Westboro Baptist Church compound, and now the group is targeting her.More >>
Tuesday, June 18 2013 12:44 PM EDT2013-06-18 16:44:56 GMT
SHELBYVILLE, KY (WAVE) – A teenage girl found dead in a Shelby County creek Monday morning has been identified.Deputy coroner Jeff Ivers said Jackleen Lane, 15, of Bagdad, KY drowned. She was last seenMore >>
How Jackleen Lane, 15, ended up in the creek has not been determined.More >>
Tuesday, June 18 2013 3:35 PM EDT2013-06-18 19:35:01 GMT
SAND CREEK TOWNSHIP, IN (WAVE) – A 12-year-old Jennings County boy was accidentally shot in the head by his 16-year-old brother late Monday night while handling firearms in their home, according to theMore >>
Investigators said the 16-year-old had been handling a .22 caliber rifle when it discharged while the rest of the family was asleep.More >>
Tuesday, June 18 2013 10:45 PM EDT2013-06-19 02:45:09 GMT
A traffic alert for drivers in Spencer County. Officials tells us that an overturned semi has traffic down to one lane on eastbound I-64 at the Dale, IN exit. There's no word as of now on injuries. CrewsMore >>
Around 4:00 p.m., an overturned semi caused traffic delays in the eastbound lanes that lasted for a few hours while crews cleared the site. More >>
Monday, June 17 2013 6:39 PM EDT2013-06-17 22:39:20 GMT
A lawsuit claims billionaire hardware kingpin John Menard pressured the wife of a business partner to have sex with Menard and his wife and retaliated with firings and lawsuits when she turned him down. Menard'sMore >>
Menard's attorney says Menard categorically denies the claims by Tomisue Hilbert.More >>
1115 Mt. Auburn Road
Evansville, IN 47720