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Lance@tampa2enjoy.com
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Tampa Foreclosures: A Word on Trust
Published by Lance Mohr | Filed under Foreclosures
Attorney Debt Services LLC is closing its doors following an investigation of company practices by the state’s Economic Crimes Division. The company allegedly offered advice on Tampa foreclosures for an advance fee.
A new Foreclosure Fraud Law enforced by the Attorney General’s office targets businesses that accept advance fees for negotiating alternative financing on mortgage loans in danger of being reclaimed by area banks. Florida is among the worst states for fraudulent mortgage activity and white collar crime, where equity skimming and other scams have defrauded investors. The Obama Administration’s new law hopes to eliminate these practices as a byproduct of the nation’s weakened housing market.
These actions underscore the importance of dealing with experienced, reputable sources for assistance with short sales and bank owned homes in the area. Residents in the market for Tampa real estate can expect a continuing surge in bank owned homes as the governor’s moratorium to relieve the state courts’ backlog is lifted in June. T2E is an experienced and trustworthy source for free information that allows clients to capitalize on this surplus of foreclosure properties.
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