BREAKING NEWS-Predators in the Weeds

It appears that every single time, Washington does anything to help ease the pain of the middle class and poor in this country, some egghead or a group of them see this as an opportunity to take advantage and make money on the backs of those who have suffered most in our country.  When are we going to say enough is enough and start hitting back?  When will the middle class and the working poor stop being a victim and start reclaiming our mantle as more than just dollar signs with legs to those who prey on us?

Recently, the Obama Administration secured a very large down-payment for those homeowners who have done the right thing and kept up with their mortgage payments even though they were the only ones playing by the rules.  The task force assigned to bring those responsible for this casino creation to justice is still working diligently and for those Americans who did all that they could to keep their homes and their American Dream alive but were victims to the greed associated with those cowards may soon get the justice that they deserve but now comes another “get rich quick scheme” designed to target these very same people who have already been harmed before.  Below is a form letter being mailed out to homeowners and those who continue to struggle.

Mortgage Auditing Program                                                                                           Notice Expiration: 3/9/12

Division of A.M.T.                                                                                                                                                          

Recipient Case #: L1745058

RE: MORTGAGE AUDIT NOTICE       

This notice is to inform you that you may be owned a refund of several thousand dollars from your mortgage lender. Records show that you signed for a home loan on May 11, 2007 and that your loan amount was $112,000.  Government studies by the FDIC as well as financial audit of lenders have shown that thousands of mortgages contain mistakes or overcharges.  Your monthly mortgages payment may have been miscalculated and you may be due a refund from either your current or previous mortgage lender.  The average refund is $1,497.32 and one third of the refund equal $3,000 to $7,500.00.

You are eligible for a mortgage analysis and refund review.

Please call 888-565-1179 and reference #L1745058 to begin your refund review.

This is not an offer to refinance. No refinancing is required under this option. Please call for details regarding your refund            review. This is not a mortgage modification offer or solicitation. Loan information displayed is obtained through public                      records and is used solely to determine the likelihood of a mistake existing based on FDIC and mortgage studies. This is                not a government offer. Certain restrictions apply. This is NOT an offer to prevent or rescue you from foreclosure nor is                this a forensic mortgage audit offer. Call 888-565-1179 for further information.

FORM V-11                                                                                                                                                            Listing: L1745058

                                                                                                                                                                                                       8299  

Notice that nothing in this letter identifies the company or companies attempting to fleece these people and it wisely mention that this is only a mortgage audit.  Image what happens after some homeowner submits the required $269.00 to check their eligibility for a “mortgage analysis and refund review” only to not hear from these people again or getting back a full refund if you do not qualify for the refund.  If this company is legit, then those struggling will finally have a company working for them to help re-coup and ease some of their pain but if it is, as suspected, a “get rich quick scheme”, putting this information out as quickly as possible should open them up to be disinfected and allow authorities to clamp down on them before they take a bigger bite out of those already full of holes.