Renters, Be Aware: Foreclosure Maneuver Affects You

for rent

“The Torreses moved into the home in August. Chase filed foreclosure papers in November against the heirs to the previous owner’s estate. A property management company was soon knocking on the Torres’ door saying they needed to leave because the house was in foreclosure and the locks were being changed.”

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Renters, be aware: Foreclosure maneuver affects you

Cunning South Florida real estate investors are buying titles to homes on the cheap through community association foreclosures then renting them out until the bank catches up.

It’s the latest tactic aimed at capitalizing on South Florida’s quagmire of vacant and foreclosed homes.

And since banks — the primary lien holder on the homes — sometimes take years to foreclose, the strategy could offer the investor a hefty return. Homeowner association foreclosures are usually based on unpaid dues, with judgments far less than what is owed on the mortgage. A savvy investor can pick up a home for a few thousand dollars from an association foreclosure auction and make that money back in several months’ worth of rent.

But while the method pays starving homeowners associations their back dues and puts money in the investor’s pocket, unwitting tenants may get a surprise when a lender comes calling to repossess the home.

That’s what Daniel Torres said happened to his elderly parents after renting a home in the Covered Bridge community west of Lake Worth.

Rest here…

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4closureFraud.org

Comments
5 Responses to “Renters, Be Aware: Foreclosure Maneuver Affects You”
  1. Sarah says:

    Debt is now used as a weapon nationwide, far more effective that what we traditionally call weapons or standing armies. Any misconceptions about the law being a useful defense for a serf against a far more powerful and wealthy opponent should have evaporated by now. The concept of Justice means applying more corporate-state “defenses” against legitimate outrage. In other words, the rightful complaints are being listened to, they know increasing numbers of the general populace who are ruined financially and tossed out of homes increases anger and dissent, so increasing security is the only answer from a paranoid ruling class. Blogs are open for free-for-all commentary, information is crucial in a global “War on Terror.”
    People who have been given debts they can never repay are now accused of not being able to “pay their debts” which is the societal green light for criminalization, an Orwellian victory. It’s just a matter of time (and frustration) before even more aggression is revealed, besides “speeding up evictions.” History is full of situations where people are caught up in unbelievable
    abuse, stunned, literally with mouths wide open, unable to imagine or even predict, the awful turn of events that have destroyed their freedoms and lives.
    Listen to some “law enforcement”, they are becoming ever bolder in publically accusing homeowners of trying to get “away with a free house”, especially after so many “settlements” and public “conclusions” of Bank crime have allegedly “concluded”.

  2. 2-open letter to:

    Mr. Ronald Mathew Faris CA NMLS # 1852 please stop this REAL ESTATE TORT! ANOTHER FORGERY FROM LPS and OCWEN LOAN SERVICER LLC!

    Doc No: 2012-0771596 Record Date: 12/7/2012
    Reel: 0 Image: 0 Pages: 3
    Document Type: DEFAULT– NOTICE OF SALE-4-06-2013 ***OCWEN BANK-2013-0056477
    Grantor(s):
    WESTERN PROGRESSIVE LLC-attorney in fact Madan Kumar-Altisource TM
    O ROURKE GEORGE M
    O ROURKE AMADA L
    Descriptors(s):
    DOC 973029 2004-Argent-WF-OLS-Houser*Allison Lawyer Manford benjamin Susman
    4-06-2013-O’Rourke Amada L
    2011-10981 NT TRUSTEE SALE WESTERN PROGRESSIVE LLC
    WESTERN PROGRESSIVE LLC
    Doc No: 2013-0056477 Record Date: 1/28/2013
    Reel: 0 Image: 0 Pages: 3
    Document Type: ASGT TRUST DEED
    Grantor(s:(
    AMERIQUEST MORTGAGE COMPANY—-
    O ROURKE GEORGE M
    O ROURKE AMADA L
    Grantee(s:(
    WELLS FARGO BANK N A
    Descriptors(s:(
    DOC 973029 2004

    AMERIQUEST MORTGAGE COMPANY
    BY
    IT’S ATTORNEY IN FACT
    AND
    SERVICING IN FACT ***OCWEN FEDERAL BANK FSB***
    BY
    IT’S SUCCESSORS IN INTEREST OCWEN LOAN SERVICING, LLC1661 Worthington Road,Suite 100, West Palm Beach, Florida33409

    this is getting even MORE than scary!

    the ability that keeps happening over and over again to
    record all these fraudulent assig and reconveyances, of our HOME LOANS!

    OCWEN FORGOT TO WRITE THE STATUS OF THE LAWYER!

    inside the document the LIC # of the Lawyer is INACTIVE!–ATTorney-POA # 24110-

    does anyone know JOE Simmons and LETICIA N ARIAS -are they both are ROBO SIGNERS
    from LPS & OCWEN?>?
    I found Leticia N Arias here in CHULA VISTA CA!

    2013-0097268 RECONVEYANCE ARIAS LETICIA N-
    I wil contact them to get together for the law suit!

    2013-0097268 SUBSTN TRUSTEE
    ARIAS LETICIA N2013-0100656
    SUBSTN TRUSTEE OCWEN LOAN SERVICING LLC
    2013-0095950 ASGT TRUST DEED OCWEN LOAN SERVICING LLC
    2013-0085109 WITHDRAWAL OCWEN LOAN SERVICING LLC
    2013-0084300 POWER ATTORNEY OCWEN LOAN SERVICING LLC
    2013-0081977 ASGT TRUST DEED OCWEN LOAN SERVICING LLC
    2013-0081029 SUBSTN TRUSTEE OCWEN LOAN SERVICING LLC
    2013-0080776 POWER ATTORNEY OCWEN LOAN SERVICING LLC
    2013-0073772 POWER ATTORNEY OCWEN LOAN SERVICING LLC
    2013-0059431 ORDER OCWEN LOAN SERVICING LLC
    2013-0056577 SUBSTN TRUSTEE OCWEN LOAN SERVICING LLC
    2013-0056475 SUBSTN TRUSTEE OCWEN LOAN SERVICING LLC
    2013-0056469 SUBSTN TRUSTEE OCWEN LOAN SERVICING LLC
    2013-0056468 SUBSTN TRUSTEE OCWEN LOAN SERVICING LLC
    2013-0055919 SUBSTN TRUSTEE OCWEN LOAN SERVICING LLC
    2013-0055915 SUBSTN TRUSTEE OCWEN LOAN SERVICING LL

    2013-0072990 RECONVEYANCE ARIAS LETICIA N
    2013-0072990 SUBSTN TRUSTEE ARIAS LETICIA N
    2013-0055841 RECONVEYANCE ARIAS LETICIA N
    2013-0055841 SUBSTN TRUSTEE ARIAS LETICIA N
    2013-0055839 RECONVEYANCE ARIAS LETICIA N
    2013-0055839 SUBSTN TRUSTEE ARIAS LETICIA N
    2013-0055609 RECONVEYANCE ARIAS LETICIA N
    2013-0055609 SUBSTN TRUSTEE ARIAS LETICIA N
    2013-0055600 RECONVEYANCE ARIAS LETICIA N
    2013-0055600 SUBSTN TRUSTEE ARIAS LETICIA N
    2013-0055592 RECONVEYANCE ARIAS LETICIA N
    2013-0055592 SUBSTN TRUSTEE ARIAS LETICIA N
    2013-0055587 RECONVEYANCE ARIAS LETICIA N
    1 2 3 4 5 6 7 8 9 10 …

    the notary public State of Florida Debra Sprull
    Commission EE 167045 expires 2/08/16-****the seal seems to be altered..seems more 2010…..

    OCWEN LOAN SERV LLC business is booming in CHULA VISTA, CA!no tax to pay to CA!!

    Accredited HL-AMC? is this JP MORGAN -CHASE TOO?…

    I called the # 561-682 8835 that is inside the real estate instrument and sure enough it’s the foreclosure mill of OLS-OCN-OCWEN LOAN SERV.LLC –a debt COLLECTOR ONLY!

    they even changed the loan number by adding two digits in the front and in two in end of the loan number65******82
    .
    I noticed! that SERVICING IN FACT ***OCWEN FEDERAL BANK FSB***

    is also inside the document specially in page number two where someone copy and paste our signatures and social security number and paste them in this new assignment full of holes(fraud) trying to make it look that my husband and I signed this doc back in 200o’s when we purchase this home..
    OCWEN BANK CLOSED in 2005–check the fact!

    Ocwen Federal Bank (closed) in West Palm Beach, FL ..
    .
    Ocwen Federal Bank (CLOSED) (561) 471-4264. 2101

    Centre Park West Dr, West Palm Beach, FL | Directions 33409. 26.922748-80.143486. Send Save; Own this business?
    http://www.citysearch.com/…/ocwen_federal_bank.html – Cached
    .
    MR/ Faris we have faxed you all evidence to your office certified mail and I have receipt # of confirmation .

    MR. Ron Mathew. Faris, you are aware that I am a Navy-Vet-SDPD Officer (died 6-22-2008)George M. O’Rourke’s widow, you are aware my children and live in this home tht now you are trying to rent to evict me after not having the opportunity for a loan mod or short sale.
    Wells Fargo NA in San Francisco Ca has gone too far and have done enough damage to my family and even destroying my car inside my driveway.
    YOU have purchased a DRUG PRESCRIPTION PLAN for me that I never asked or solicited,
    I was not aware that you also are involved with DRUG-PRESCRIPTIONS and Pharmacies.

    I will faxed to your office the confirmation of my visit to the county records in San Diego CA with Mrs Val J. Wood-& Jeff Olson-Deputy Recorder

    please stop your harassment you Know that I suffer from severe RA.and your obstination in not solving this mortgage fraud is just huge insult to our integrity!

    who do you think you are to try to make my family now living being afraid 24/7!

    and not able to concentrate in school?..who do you think you are?..

    enough is enough Mr. Ronal Mathew Faris. enough is enough! you have committed a Real Esate Tort against me and my family and we know it’s very funny for you how we suffer.
    especially my heritage-hispanic-mexicana.

    I WILL NOT ABANDON MY HOME of 19 years without having the opportunity to RE SOLVE the mortgage fraud…you are sending investor to my property that want to rent my home and that want to come inside my home to take pictures!

    this is my home and I will not let anyone come inside without my consent!

    We are very scared because your tactics are brutal but we have faith in God and we have courage to fight an injustice something that you lack and gave up in exchanged for money..greed is a sin.
    forging real estate documents it’s a criminal activity and ls also a sin.
    you shall not steal!

    you have a lot’s of Leticia N Arias…it won’t be difficult to contact them, believe Sir.

    expecting to hear from you asap!
    one family member need therapy your constant bulling us over a period of 29 months of constant harassment because the idea of being homeless is very frightening and NOW had cause very deep damage emotional and lack of motivation in some member of my family.

    God bless you Sir and may the angels guide.
    Mrs. Escandon-O’Rourke

  3. hermosura10 ‏@SD4CLOSUREFRAUD Protected account
    CA!newage investors”vulchers” trying to rent my home where WE LIVE!&TS from-OCN-OLS-suspend!SOSRenters, Be Aware: http://wp.me/p1EGDj-f3o via @4closurefraudDoc No: 2012-0771596 Record Date: 12/7/2012
    Reel: 0 Image: 0 Pages: 3
    Document Type: DEFAULT
    Grantor(s:(
    WESTERN PROGRESSIVE LLC
    O ROURKE GEORGE M
    O ROURKE AMADA L
    Descriptors(s:(
    DOC 973029 2004

  4. hermosura10 ‏@SD4CLOSUREFRAUD Protected account
    @SD4CLOSUREFRAUD @4closureFraud these guys want us out because they think I am not aware TS is suspended! pic.twitter.com/V5X7gwi

  5. Still rather take my chances as a renter than be a property owner at this time.

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