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Former Stripper Joy J. Jackson Ran Foreclosure Rescue Scam

They promise to help you get out of foreclosure. But they end up stealing your home instead. Mortgage experts say Maryland is now the worst in the nation when it comes to foreclosure scams, in part because of one local woman whose victims say stole so many homes, she walked away with millions of dollars. When Nadine Bostic and her husband split up, Bostic's Elkridge home went into foreclosure. It put her in a panic because Maryland only give you 15 days to save your home. According to court records, is also known as Joyce Jackson, Joy Fordham and Joy Simms. Court records that show she's been sued a half-dozen times for not paying her bills. Records that show she's lived in at least 27 homes and used to run a company called "The Metropolitan Money Store." This is how it works: Let's say you bought your house a few years ago for $100,000. It's now worth $300,000, but you're going into foreclosure. So, you ask Joy Jackson at the Metropolitan Money Store for help. She recruits what's called an "investor," promising to pay the investor $10,000 if the investor will sign some papers. She then takes out a second mortgage for the home's full value...remember that $300,000? She tells you to sign some papers that will let you rent your home from the investor for one year. In return, get $100,000 to pay off your mortgage. Unless you read the papers carefully, you don't realize you've just signed away the deed to your house to the investor...who pockets the $10,000. And your house will still go into foreclosure because instead of paying back the second mortgage, Holland says Jackson pockets the remaining $190,000, and in Bostic's case, throws herself a wedding and is never seen again.

Author: Scambuster2007
Tags: News Gotcha Joy J. Jackson Mortgage victims Metropolitan Money Store Foreclosure Rescue Scams stealing home Maryland
Posted: 15 January 2008
Rating: 5.0
Votes: 1

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Foreclosure Help How to refinance while house is in foreclos

http://www.michiganmortgagemodification.com Foreclosure Help- Find out how to lower your mortgage payment and save your home. Get the FREE Report "The 6 Reasons a Loan Modification will work for you"

Author: mimortgagemod01
Tags: foreclosure help refinance while house is in government mortgage process
Posted: 16 December 2008
Rating: 0.0
Votes: 0

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Mortgage and Foreclosure Property Inspectors Needed

The mortgage market needs inspectors for the loads of Foreclosure Property that it currently has. It takes less than 10 minutes per house and it's very easy. You can make up to $325 per inspection!

Author: getpaidtoinspect
Tags: foreclosure real estate short sale mortage field inspection
Posted: 19 February 2008
Rating: 0.0
Votes: 0

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Mortgage Home Loan Modification Part 4: Call 1-888-MOD-INFO

Attorney Negotiated Home Loan Mortgage Modification, Loss Mitigation Process - Alternative to Foreclosure Fraud and Scams. Our Service will Help you Survive the Mortgage Meltdown Crisis. Avoid Foreclosure and Bankruptcy. Get your Bailout with our Home Loan Mortgage Modification Loss Mitigation Prevention Process Today. Call 1-888-MOD-INFO Today for Free Consultation Related Websites: http://www.LoanModificationHotline.net http://www.ModificationHotline.com http://www.MortgageAnswerman.com http://www.Short-SaleHotline.com http://www.RealEstatesFuture.com

Author: DanHavey
Tags: loan modification loss mitigation home mortgage attorney scam fraud process news foreclosure service specialist prevention meltdown crisis help alternative survive avoid bailout mess mod info bankrupt
Posted: 27 December 2008
Rating: 0.0
Votes: 0