Robert Shumake Questions Motives Behind Mortgage Fraud

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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