Mortgage Fraud | Black & LoBello

Click here to listen to the Legal Hour on KDWN AM720 from April 4th, 2012. Christopher Phillips, Esq., who practices Probate, hosts with guest lawyer Andras Babero, Esq., who practices in Commercial Litigation and Real Estate Law from the law firm Black & LoBello in Las Vegas, Nevada. Mr. Babero and Mr. Phillips discuss AB 284 and how lenders could avoid its requirements (1:20), how robo-signing affects foreclosure (10:40), how irrevocable trusts can be amended (13:35), how to remove a trustee (18:30), contesting rights to assets (20:55), liability on mortgage fraud (25:40) and assets exempt from collections (33:40).

Please tune in to AM720 KDWN’s “Legal Hour,” Wednesdays, from 9 AM to 10 AM. Listen live on the radio or online. Feel free to call in with your comments or questions at 702-257-5396.

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A Las Vegas man was sentenced to 6 years and 9 months in prison for mortgage fraud and operating a mortgage foreclosure rescue scam that defrauded homeowners facing foreclosure. George Eggleston, 65, of Nexxus and Global Legal Associates claimed that his company could stop or reverse any pending or completed foreclosures with litigation. Eggleston bilked unsuspecting and hopeful homeowners for a monthly payment of at least $1,000 for Nexxus’ services and those the attorneys he claimed he managed.

Be aware of these types of scams as we see many of their victims in our offices AFTER they have lost their money and their homes. You should be suspect of:

Any person guaranteeing they can stop your foreclosure or modify your loan;
Anyone asking you to sign over title to your property (you will not avoid the mortgage monetary liability and will have given the property away); or
Any person who is not a property licensed mortgage specialist or attorney and asks you for advance or upfront payments.

If you suspect that you have been victimized, call the office of the United States Trustee, the Federal Bureau of Investigations or the Nevada Attorney General’s office.

Tisha Black Chernine, Esq.