Foreclosure Fraud

A few years ago my wife and I tried to refinance our home after hearing a commercial. I blogged about it HERE and HERE. We gave a company a $995 deposit and then were denied the refinance and a refund as had been promised.  We eventually got our money back thanks to Visa.  As it turns out, the same firm (IGS) and person (Kahram Zamani) who tried to screw us out of $995 did it to hundreds of other people and has since been charged with several felonies by the Orange County DA.

So, just how serious are these types of consumer fraud?  Try 25 years in federal prison!

The FBI released the following story which will surely leave you shaking your head.

  

Foreclosure Fraud
Victims Lose Their Shirts…and Their Homes

He was their last hope—about 250 Southern California homeowners facing foreclosure and eviction believed him when he said he said could save their homes.