Has anyone else been screwed by the "Save yourself from Foreclosure" scam by Marc Associates? They have business on Lois Avenue, Tampa, Fl 33609
They claim they will save you from foreclosure by purchasing your property "Subject to the Mortgage". They give you a little cash, you quit claim the deed to them and your home free?!!!??? Whoops Bad mistake. They'll scam you and use your home like a "money machine"!
Not likely.
They promise to pay your mortgage by renting or selling the property for a little profit overall or monthly. They'll close with you and all the documents pertaining to the closing and agreement.
However, what they REALLY DO, is take the monthly rental money from their new tenants, put the money in THEIR POCKETS and NEVER pay your mortgage. On top of that, they find a private investor to give them a 2nd mortgage on the house, say for $20,000.00 and don't pay him back either!
Results. You're even more screwed. You don't own the house - still own the liability of the original mortgage, plus yet another $20,000 second mortgage, late fees and interest and you get continuous calls from the mortgage company threatening to "foreclose" on you, you're credit is really screwed and you don't have any control of the property.
Marc Associates has done this to hundreds of families! Hundreds of families and MILLIONS OF DOLLARS IN THEIR POCKETS. Media - we have a story in a huge file for you. Please comment here so we can group together and get justice!!!
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