Video by: MiCasaMiDinero
Video Description:
This video is from the show Open House on CNN. Homeowners in trouble facing short sale or foreclosure should be careful when answering to unsolicited mail, phone calls or emails. A HUD representative and a legal services representatives explain what homeowners should watch out for and what to do.
More information at:
http://sccrealestateuncensored.com/2007/foreclosure-scam/

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Tags: estate foreclosure fraud home house real sale scam short  foreclosure scam real estate scam pt 1 of 2 See more videos uploaded by MiCasaMiDinero

Comments for this video on YouTube

A mind is a terible ... ( 11 months ago by Wood490)

A mind is a terible thing to waste. This happens to uneducated people with minimum business acumen.

Wood, it is very ... ( 11 months ago by MiCasaMiDinero)

Wood, it is very true that mind is a terrible thing to waste but unfortunately not everyone has the knowledge to know what to do or not do when they are facing foreclosure.

They probably ... ( 10 months ago by BIGBADJONV)

They probably shouldn't have bought a home that they couldn't keep up with the payments. They said they used Countrywide so I'm guessing it was a huge adjustable rate that started off fixed at a very low number that the couple could afford.

Seems like these ... ( 9 months ago by shacker2762)

Seems like these folks didn't understand neither the terms of their mortgage nor those of the company they turned to for help. I understand their pain - I've stood at the brink of foreclosure myself. But to claim that just because the name of the company began with the name of the state implies it's a State run agency is absurd. Home ownership is not a right in the United States. It's a responsibility and one that these good folks should never have taken on.

There's plenty of ... ( 7 months ago by MiCasaMiDinero)

There's plenty of blame to go around, the blame not only falls on homeowners who were looking to get rich as advertised on infomercials and by word of mouth but also on uneducated and unscrupulous mortgage and real estate practitioners as well as lenders, investors and underwriters. The damage is done, we now need to prevent further damage!

SCAMMER, BEWARE! ... ( 4 months ago by LovePaulPotts)

SCAMMER, BEWARE! Don Brinson of Venie Brinson Realty is a Commerical real estate SCAMMER, BEWARE OF THIS 'MAN' WHO BLEATS HE'S A CHRISTIAN, YEAH RIGHT

Total scam. ( 2 months ago by JohnnyHorton)

Total scam.

"This is especial ... ( 3 weeks ago by 666XZ)

"This is especial offer program requires No credit No advance fees & no payments for one year" "WARNING FAILURE TO CONTACT THIS OFFICE WITHIN 48 HOURS MAY RESULT IN THE COURT SALE OF YOUR PROPERTY" ---------------------------------------------- I think that the warning label was pretty clear to me.