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Over a year ago, I was recruited to participate in what I now know to be a foreclosure rescue scheme.

Submitted 2007-07-24

Defendant: Metropolitan Money Store Corp. et al. (foreclosure rescue scheme)

Over a year ago, I was introduced to an individual promoting an investor program that sought individuals with well established credit to help other individuals facing foreclosure from their homes. I was convinced to participate as an “investor”, with the offering of monetary compensation and the assurance of improved credit and possibly additional investment opportunities in the future.

I was maliciously led to believe that I was doing a good thing, but have since found out otherwise. This so called investor program is what I now know to be a foreclosure rescue scheme. Practically three months ago I found out that Metropolitan Money Store and Fordham & Fordham, who I had become involved with as an “investor”, had shut down their operations and were under investigation.

The closure of these operations and pending investigation has impacted payment of a large number of mortgages, including the two mortgages under my name. Knowing the lender was directly affected, I notified them shortly thereafter of this matter. However, I am now in a very dire situation. The two mortgages under my name are under foreclosure and the homeowner who thought they were avoiding foreclosure is now facing the same.

Although the Metropolitan Money Store and Fordham & Fordham are under investigation nothing is being done for those of us who were scammed by those entities – both investors and homeowners.

-- Maryland


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