Robert Shumake Questions Motives Behind Mortgage Fraud

There are many legitimate opportunities to make money investing in real estate without breaking the rules
 
 
Robert Shumake Shocked by the Growing Trend in Real Estate Scams
Robert Shumake Shocked by the Growing Trend in Real Estate Scams
 
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* Real Estate Scams
* Mortgage Fraud
* Robert Shumake

Industry:
* Real Estate

Location:
* US

Dec. 19, 2009 - PRLog -- Detroit, MI – Robert Shumake is amazed at how much time and energy is spent on real estate scams and mortgage fraud.  “This is a great time to invest in real estate,” said Shumake.  “There are many legitimate opportunities to make a fortune investing in real estate without breaking the law.”

As foreclosures rise, state lawmakers struggle to combat mortgage scams and real estate fraud.  Foreclosure rescue scams are a growing trend as people prey on desperate homeowners who are facing foreclosure.  They promise to “save their home” while they collect a large fee and provide little to no service.

Robert Shumake recently read an article about a distressed homeowner in Arizona with medical problems, followed by his furnace giving out.  His savings was depleted as he struggled to make his mortgage payments.  A California company promised to help, charged him $3,000, and did nothing for him.  

With the downturn in the housing market, foreclosure rescue scams are quickly growing.  This year, the FBI expects to track over $170,000 reports of suspicious activity for mortgage related fraud cases – a 276 percent increase over 2008.  Read the complete article at http://realestatescamsmichigan.blogspot.com/2009/12/rober...

Robert Shumake is a very experienced real estate developer managing a portfolio worth over $200 million dollars and containing nearly 3 million square feet of commercial and residential real estate.  In spite of all his knowledge and experience, Robert Shumake was also a victim of mortgage fraud.  “Anyone can be a victim,” said Shumake.  “It is important that everyone do whatever they can to protect themselves from being victims.  Read Shumake’s article at http://mortgagefraudalertmichigan.blogspot.com/2009/03/ro... to learn how to protect yourself.

Contact:

N. McCallister
25900 W. 11 Mile Rd; Ste 260
Southfield, MI  48034
Tel:  248-443-0939
Email:  nmccalister@icgreit.com

This press release was submitted by Right Now Marketing Group, LLC

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