This is an interesting scheme. Home owners should beware of anyone who says they can eliminate your debt associated with your home mortgage. Here's what the fraudsters do.
"According to Web sites that have promoted the Dorean Group process, homeowners pay an up-front fee of about $3,000 to begin the debt elimination process. The Dorean Group process has been promoted through a network of affiliates in many states who have set up Web sites and published comments about the process in Internet forums.
These mortgage-elimination Web sites have promoted anti-bank philosophies that question the validity of the nation's mortgage process and overall financial system, and some Dorean-affiliated Web sites have described intricately detailed conspiracy theories involving the Federal Reserve, the military industrial complex and a vastly powerful New World Order, for example.
Through some creative paperwork, the Dorean Group process attempts to dismiss loans by fighting the legitimacy of those loans.
"After receiving a homeowner's application and fee, defendants begin the 'mortgage elimination' process by recording various false documents with the county recorder's office in the county where the property is located," according to the U.S. Attorney's Office complaint."
They also recommend the owner refinance the home and split the proceeds with them.
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