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Foreclosure Scammer Faces 140 Years in Prison

Posted By admin || 19-Jun-2009

According to an article in the Star-Telegram, a 55-year-old Rosario Divins was convicted of scamming desperate homeowners who were hoping to escape foreclosure . Divins promoted herself as a foreclosure specialist who could work miracles in helping homeowners secure new loans needed to avoid foreclosure. But Divins never made good on her promises, even after taken more than $100,000 from homeowners she never helped any of them avoid foreclosure. A matter of fact, Divins allegedly continued her foreclosure scam even after the U.S. Bankruptcy Court sanctioned her for misrepresentation. Divins was convicted on seven counts each of criminal contempt and mail fraud. She could face up to 140 years in prison.

There is no "magic" solution for avoiding foreclosure. If a homeowner wants to avoid foreclosure he/she needs to either work with an official at the bank to settle the delinquent mortgage payments or file bankruptcy to get an automatic stay of the foreclosure. If you're a homeowner facing foreclosure, you will become prey for every type of foreclosure scammer out there. Don't become a victim. If you fall victim to these foreclosure scams you may never recoup your money. To find out how you can avoid foreclosure using bankruptcy, contact a Dallas- Fort Worth bankruptcy attorney today.

Categories: Foreclosures
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