Mortgage/Debt Elimination Scams

I came across an interesting article that covered Mortgage/Debt Elimination scams. Here is a quick clip from the article:

Never missing an opportunity to profit from others’ pain, many scam artists flooded the Corn Belt selling various books and kits that espoused hinky theories about why the farmers weren’t really liable under the law to repay the banks on their loans. Many of these theories involved so-called “Allodial Title” schemes, while others involved thwarting sheriff sales by repeatedly putting bogus liens on the property. Other popular theories involved the remarkable claim that money isn’t really money, and that the banks never actually made any loans in the first place.

It was an interesting read, and just another notch on the Resource Belt.

Source: www.quatloos.com
Article: Mortgage Elimination/Debt Elimination Scams

Dangers of Debt Consolidation

While poking around the web I came across an article from over at bankrate.com that tells a different story then most other sites. It says:

But, says Viale, 70 percent of Americans who take out a home equity loan or other type of loan to pay off credit cards end up with the same (if not higher) debt load within two years.

Viale's statistics underscore a major problem with debt consolidation: It feeds upon the tendencies that got you in trouble in the first place. By taking on yet another creditor, you're adding the proverbial fuel to the fire. In this case, it's your money that's burning.

Here is the full article.

Just Getting Started

Just here trying to gather some good information regarding mortgage and debt consolidation. I will hopefully be adding links to resources as I discover them. If anyone has any hints or tips, go ahead and send them this way. Thanks.