***BEWARE CHEAP HOME LOAN SCAMS***

[Browade]

This is from a victim who is facing 6 years in prison for passing a counterfeit check he received from the scammers in one of these Home Equity Loan Scams, being run by the 419 scammers now.

"The Attorney for Wells Fargo stated that this is many, many Millions of dollar a Year Fraud Industry. They say that the SCAM IS : Have families complete all of the required documents, and have them all notarized and they (The Scammers) provides us with a Counterfeit Check, weather it clears or not is not the scammers are holding on to the Notarized Home Loan Documents, then at a later date, they (The Scammers) resell our documents, loan papers to some investor, or some company who buys notes for x amount of dollars and then eventually we are contacted,and advised that we have a new servicer for our loan, and by the time we complain or dispute the Loan the Scammers have moved on."

[Aeval]

This is one of the oldest mortgage scams in the United States. It's also one of the most disastrous to the victims, whether it's done by Nigerian scammers or just our everyday con-men.

The victim is often left facing criminal charges, not to even mention the fight they have to go through with the company who is servicin their "loan" at any given point in time. In the end, the financial consequences as well as the impact on a victim's credit rating are often disastrous.