Daily Archives: September 12, 2016

Homebuyers beware of fake HAMP offers

Housingwire:

With Home Affordable Refinance Program extended into 2017, it also means that the threat of scammers pretending to offer government-sponsored modifications isn’t going away. Beware.

The threat, as mentioned in a blog piece from PennyMac, focuses on the Home Affordable Modification Program, which will still end at the end of the year, but borrowers should always be on guard for scammers.

PennyMac stresses that borrowers need to beware of fraudulent “Making Home Affordable” offers.

“Owning a home can be expensive and, as one of your largest assets, it’s important to protect. As a homeowner, you may receive hundreds of offers a year to refinance or modify your home loan, promising a lower monthly payment. Unfortunately, not all offers are legitimate,” the blog stated.

The scam:

There are companies out there targeting homeowners with fraudulent offers. These scammers call and mail homeowners pretending to be your mortgage servicer or a representative from the Federal Government’s Home Affordable Modification Program. They prey on unsuspecting homeowners by offering fake loan modifications and “trial payment plans”, along with promises of lower monthly mortgage payments. And while these scammers may send genuine-looking letters with your mortgage company’s logo and account number, they also provide deceptive contact information in an effort to route your payment away from your servicer and directly to them. In fact, they may also call from telephone numbers that show up on caller ID as the homeowner’s actual mortgage company

If borrowers for any reason are uncertain about the offer, PennyMac urges them to contact their lender.

Unfortunately this isn’t the only account of mortgage scams happening, back in March, the Federal Trade Commission and the National Association of Realtors issued a warning to consumers, advising them that they could be the next victim of a mortgage closing cost phishing scheme.

According to the FTC and NAR, scammers were hacking the email accounts of consumers and real estate professionals to obtain information about upcoming real estate transactions.

Man, Woman Beat Bank Of America At Its Own Game, Foreclosed on the Bank

It’s worth showing this again. And I remember this case. More from Opposing View.

Here’s What Would Happen if Hillary Clinton Dropped Out of Election Due to Illness

Law Newz:

There has long been speculation over Clinton’s health, from acoughing fit she suffered during a speech at a campaign event, to a blood clot she had between her brain and skull a few years ago. What was once dismissed as a wild notion is now starting to turn into a legitimate issue: is Hillary Clinton physically able to hold office, and is it possible that she may be forced to drop out?

Now, it’s still purely speculation, but should a presidential candidate drop out, the Democratic National Committee has rules in place to handle the situation. Article 2, Section 7 of the DNC Bylaws says that if there is a vacancy on the national ticket, a special meeting of the Committee ” shall be held on the call of the Chairperson,” where they would choose a new candidate. Such meetings make decisions based on a majority of those in attendance.

But what about if she has to withdraw after the election takes place, but before she is sworn in? Well, if a candidate withdraws after the general election, but before the electoral college meets, federal law says that electors can vote for whomever they want, although states can pass their own laws on the matter.

However, should a candidate win the election, but become incapacitated prior to the inauguration, then Section 3 of the 20th Amendment kicks in, according to the Office of the Federal Register. The 20th Amendment says that in such a scenario, the Vice President-elect would become President.