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Nevada's top housing scams involve loan modifications

RENO -- The Nevada attorney general's office says loan modification scams are topping all cases of housing fraud in Nevada.

John Kelleher, chief deputy attorney general for Nevada, says Nevada's high rate of foreclosures has led to an influx of "fly-by-night" operations that take advantage of homeowners desperate to save their homes.


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  • Kelleher says that of 113 cases of housing-related fraud being investigated by the AG's office in Clark County, loan modification scams account for 100. Clark County accounts for 90 percent of the office's cases.

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    D West wrote on December 11, 2009 12:30 PM: who do i contact to see if a company is legal to do loan modification.


    Patrick wrote on July 13, 2009 02:47 PM: I remember a Las Vegas resident telling me back in 2001 that in the future Las Vegas is going to be the HOT spot everyone wants to be, but only those with money will be able to be in Las Vegas.


    not surprised wrote on July 13, 2009 11:40 AM: If history shows us anything it's that a person can make a ton of money in LV so long as they are willing to lie, cheat or steal. Same tactics used to inflate the property values in the first place now coming back around with a different face.


    As PT Barnum said.... wrote on July 13, 2009 05:22 AM: Idiots that fall for this are the same as those that think they can get something for nothing or that Video Poker is a winning bet.

    The answer to this is easy. Either-
    1- Pick up the phone yourself & talk to the lender,
    2- Talk to a bankruptcy attorney,
    3- Understand that you bet wrong on the market and contine to pay,
    4- Walk from the house and take the hit

    If you are unsucessful in getting a mod, and opt for number 4, saved every last dime during the extended period that the foreclosure process takes and sign a lease agreement before entering bankruptcy.


    perry wrote on July 13, 2009 04:24 AM: u think the firefighter will that on there time. i think not


    Joe DAlessio wrote on July 13, 2009 02:30 AM: SINCE TIMES ARE TOUGH I WOULD LIKE TO SEE A REFERENDUM TO ROLLBACK ALL THE SALES TAX INCREASES APPROVED IN RECENT YEARS. THAT WOULD INCLUDE THE POLICE, WATER DISTRICT AND THE LIBRARIES TO NAME A FEW. THAT WOULD DO MORE TO HELP THE LOCAL ECONOMY THAN ANY STIMULUS. AND TO SAVE A FEW MORE DOLLARS THE FIREFIGHTERS COULD COLLECT JERRY lEWIS'S TELETHON MONEY ON THEIR OWN TIME INSTEAD OF BEING PAID BT THE TAXPAYERS.