Upside Down Mortgage

Archive for May, 2007

Mortgage Fraud Website

Question: I was swindled $198 by approvalagency.com / homebuyer assistance - anyone else have any luck getting a refund?

I was looking 4 a house to rent, lease, buy, etc. and this fraud / fradulent company - approvalagency.com / homebuyer assistance / bankon.us - offers a service which allows you to take over mortgage on a home & then you own it. It's not true, they trick you into their website & get you to pay the $198. Then turns out its some scam business opportunity & that they expect you to do the work. They give you a list of addresses, (via priority mail which you sign for) & they would have you confront people close to at default on their mortgage & convince them to give up their house - which is stupid and no one is interested. When you ask for a refund becuase this is not what you expected at all, they give you the runaround for a few days, and in the end tell you that they only have a 1 yr $ back guarantee so you won't get your $ back for another year (if then), & that when you logged into their site it required you agreed to all this (and you signed for the mail package too) so ur just SOL.

Answer: If it sounds too good to be true..........Since it was online, i am assuming you paid with a credit card. Ask your CC company for a dispute form and challenge the charge since the promised services were not provided. CC co's are usually pretty good about getting charges like that dropped. Good luck!

"The Biggest Scam & Cover Up in U.S. History"

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