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 Post subject: One possible solution to paying back the banks
PostPosted: Wed Jan 25, 2006 4:46 pm 
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Here is an idea for those who have gotten scammed that own a home. One way to get the bank taken care of is to refinance and take cash out or get a home equity line of credit and pay it out of there.

Just a thought for those who do have equity to work with , it may save you the pain of a long drawn out pay back period.

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 Post subject:
PostPosted: Sat Feb 04, 2006 6:09 am 
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Joined: Fri Feb 03, 2006 8:17 am
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This is true to a point. However, the risk is rushing into some finance scheme that has high interest or charges.

What is important is that once you have come to terms that you have LOST money and that you seek the best financial advice you can.

These advisors might be accountants or even in some cases lawyers. Properly advised, there might be options you hadn't even considered that will help avoid the loss of a home etc.

Its down to the severity of loss and your personal circumstances as to how far you have to go.


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PostPosted: Wed Feb 15, 2006 9:39 pm 
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How true that is! It is always best to seek any and all options that are legal and viable, NEVER rush into the first solution that is presented. While Refinancing a home is one option it is true there may be other options out there that a trained and in some cases licensed professional may know of.

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Silence is a thief's best friend, Word-of-mouth is his worst enemy. Pass the word! brought to you by Fraudaid.com where victims always get FREE help.


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