By: Eric Mabo

Equity stripping is also called equity skimming and some people will term it foreclosure rescue scam, which is when low-income earners face foreclosure. It was late 1999 that some equity scammers took the properties of low-income earners, such as their homes. It happens so because, they took loans and never pay in time or did not fulfill the conditions of the loan. At times some money lenders lend out their money at a very high interest rate. So, these homeowners are made to even rent their own homes form these money lenders as tenants. This equity stripping scam issue usually happens to low-income earners who own a home. This equity stripping scam issue usually happens when the low-income homeowner has entered a complex transaction with a money lender; the homeowner will be unaware that he or she is selling the property. Some few years back, most states in the United State have looked for a means to fight against all these unscrupulous money lenders.

Many people may look at equity stripping as a means of lending money to people and taking excessive money as charges. That is, removing the homeowner out of the home if the charges are not paid. This practice often shows foreclosure.

Trends have been made in the United States economy to open a market so that foreclosure, equity stripping scam is legal. This has made the values of properties to increase between 2000-2005. As the values have increased, the rate of foreclosure in 2001 has risen leaving the many foreclosed low-income earners with equity.

Homeowners may notice that they have fallen into foreclosure, when they find their names on newspapers or reported by a mail distribution service.

Solicitation can take place, when a homeowner has been foreclosed. That is some other person may still meet the foreclosed homeowner for another deal, if he or she is qualify to take a different loan for a commission to be paid to this person who is making the arrangement . When a home has been foreclosed, an investor can still come and pay the amount owed by the homeowner and acquire the home. The investor may still will back the home to the homeowner under a different condition (lease or contract deed). The homeowner then remains in the house and pays rents. But, there are laws in most of the states today that protects equity stripping scam, which was passed into law since 2005. At times, this foreclosure stuff may be beneficial, when the charges of the loan are low. The foreclosure stuff can be beneficial to the homeowner, when here arranges and still stay in the house as a tenant, but later on you can still repair your credit and own the home again.

Home owners facing foreclosure should be very careful about who they talk to as there are many scammers out there only interested in taking away their homes. There are many government run agencies in every state where the home owner can turn to. One of the most important things is for the home owner to talk to their lender.

About the Author

Eric Mabo is an Atlanta foreclosures Expert. He helps people find discounted real estate deals. His Website is http://www.doyenrealty.com

(ArticlesBase SC #311639)

Article Source: http://www.articlesbase.com/ – What Are Equity Skimming Scams?

By: Shawn Stoik

Quixtar is definitely one of the bigger MLM companies in the world, so of course scam rumors are bound to be out there.  But is there really a Quixtar scam or are they a legitimate online company?  What is the actual company and job description of Quixtar/Amway and are they worth pursuing?  Read on and decide for yourself.

Quixtar Introduction:

Alticor launched the multi-level marketing company, Quixtar, as the online version of the Amway Coporation in 1999.  Quixtar markets thousands of products online in a variety of categories to customers worldwide.

The Job Description of Quixtar/Amway:

Quixtar provides both consumer products and a business opportunity.  A person in Quixtar can become what they refer to as an “IBO” or an Independent Business Owner.  IBO’s can be paid commissions based on the amount of products they sell online through their websites.  They can also receive commissions from recruiting new IBO’s into their business.  To recruit new IBO’s, the original IBO has the choice of either cold-calling purchased leads, contacting their warm market of family and friends or conducting hotel and home meetings.

Quixtar Challenges:

Like many other multi-level marketing companies, Quixtar does present some challenges in that it will take a great deal of IBO’s in a person’s team (or downline) to create enough volume to earn a significant income since the margin on each product is so low.  There are definitely other online business opportunities with a higher price point, where it would require much fewer sales to achieve the same desired level of monthly income, and therefore less work to reach those results.

Conclusion:

So is there an actual Quixtar Scam?  In my opinion, it does not appear that Quixtar is a scam.  They are a legitimate business, with a true variety of products to market that can provide the opportunity to build a business and earn a real income.  However because of their style of business, low profit margins and the need to recruit multiple IBO’s to earn enough income, retention and attrition can present quite a challenge.

If you are someone who does not enjoy recruiting through cold-calling and home or hotel presentations, or you just cannot picture yourself having the ability to build massive downline organizations than your success with Quixtar will definitely be limited and I would recommend continuing your search.

I recommend looking for a more substantial online opportunity with an automated business system and mentoring program, as well as a higher price point that will achieve the higher income you are in need of!

About the Author

For more information on how to choose the most effective Online Opportunity and the Top Online Marketing Techniques that you can use NOW to make sure money online, go to http://www.make1kaday.com

Shawn Stoik is an accomplished Entrepreneur, Top Internet Marketer and International Team Mentor who trains both Total Beginners and Seasoned Pros to achieve Financial Freedom by creating wealth and prosperity online! For more information on the Top Internet Marketing Tactics that you can use Now to build the most successful online business, please visit http://www.make1kaday.com

(ArticlesBase SC #838021)

Article Source: http://www.articlesbase.com/ – Quixtar Scam Business Review: The Job Description of Quixtar/Amway