Foreclosure rescue definition

Foreclosure rescue means, for compensation or with the expectation of receiving valuable consideration, to:

Foreclosure rescue means, for compensation or with the expectation of receiving

Foreclosure rescue means, for compensation or with the expectation of 2131 receiving valuable consideration, to: 2132 (a) engage, or offer to engage, in an act that: 2133 (i) the person represents will assist a borrower in preventing a foreclosure; and 2134 (ii) relates to a transaction involving the transfer of title to residential real property; or 2135 (b) as an employee or agent of another person: 2136 (i) solicit, or offer that the other person will engage in an act described in Subsection 2137 [(13)] (14)(a); or 2138 (ii) negotiate terms in relationship to an act described in Subsection [(13)] (14)(a). 2139 [(14)] (15) "Loan modification assistance" means, for compensation or with the 2140 expectation of receiving valuable consideration, to: 2141 (a) act, or offer to act, on behalf of a person to: 2142 (i) obtain a loan term of a residential mortgage loan that is different from an existing 2143 loan term including: 2144 (A) an increase or decrease in an interest rate; 2145 (B) a change to the type of interest rate; 2146 (C) an increase or decrease in the principal amount of the residential mortgage loan; 2147 (D) a change in the number of required period payments; 2148 (E) an addition of collateral; 2149 (F) a change to, or addition of, a prepayment penalty; 2150 (G) an addition of a cosigner; or 2151 (H) a change in persons obligated under the existing residential mortgage loan; or 2152 (ii) substitute a new residential mortgage loan for an existing residential mortgage loan; 2153 or 2154 (b) as an employee or agent of another person: 2155 (i) solicit, or offer that the other person will engage in an act described in Subsection 2156 [(14)] (15)(a); or 2157 (ii) negotiate terms in relationship to an act described in Subsection [(14)] (15)(a).

Examples of Foreclosure rescue in a sentence

• Foreclosure rescue transactions prohibited; exceptions; violation.2 It is unlawful for a person other than the transferor to engage in, promise to engage in,3 arrange, offer, promote, solicit, participate in, assist with, or carry out a foreclosure rescue4 transaction for financial gain or with the expectation of financial gain.

• Foreclosure rescue transactions prohibited; exceptions; violation.

• Foreclosure rescue transactions prohibited; exceptions; violation.6 It is unlawful for a person other than the transferor to engage in, promise to engage in,7 arrange, offer, promote, solicit, assist with, or carry out a foreclosure rescue transaction for8 financial gain or with the expectation of financial gain.

• Foreclosure rescue scams provide a ready-made opportunity for the perpetrators of scams because the potential victims appear in the public record of foreclosure filings, and critical information such as estimated home value and the amount of liens on the property also are readily available in the public record or on the internet.

• SAMPLE ONLYThe Dispute Resolution/Arbitration Agreement and Class Action Waiver section is amended by adding the following: Service contracts purchased in the state of Alabama shall be governed by the laws of Alabama.ALASKA: Cancellation section items 1.

• Foreclosure rescue scams, prevalent across the state, rip off homeowners in the range of $5,000 to $8,000 a scam.

• Foreclosure rescue schemes involve foreclosure rescue con artists seeking out homeowners who have fallen behind on their mortgage payments and are facing potential foreclosure.

• Foreclosure rescue scams are prolific in number and often rapidly adapt solicitation strategies.

• Beware of the Foreclosure Rescue Advertising Pitch Foreclosure rescue firms use a variety of tactics to find homeowners in distress: Some read through public foreclosure notices in newspapers,place ads on the Internet or television, or send personalized letters to home- owners.

• For more information about the Internal Fraud Prevention Service, see http://www.earlywarning.com/human_resources.asp.• Foreclosure rescue scam – The perpetrator claims to be able to instantly stop foreclosure proceedings on the victim’s real property.