Wednesday, May 22 2013 7:27 PM EDT2013-05-22 23:27:59 GMT
(WMC-TV) - Memphis' Sarah Simmons advanced to the top eight of "The Voice" Tuesday, but other Memphian Kris Thomas is on his way home after being eliminated. Making it to the top 10 was Kris' goal. OneMore >>
Memphis' Sarah Simmons advanced to the top eight of "The Voice" Tuesday, but other Memphian Kris Thomas is on his way home after being eliminated.More >>
Wednesday, May 22 2013 7:02 PM EDT2013-05-22 23:02:30 GMT
(WMC-TV) - As the clean up efforts continue in Oklahoma, many of you are looking for ways to help the victims. With their hands full, people from all over Mississippi showed up at the Landers Center inMore >>
As the clean up efforts continue in Oklahoma, many of you are looking for ways to help the victims.More >>
Wednesday, May 22 2013 6:58 PM EDT2013-05-22 22:58:49 GMT
(WMC-TV)- Emergency crews have identified most of the 24 people who died, including 10 children, in the tornado Monday. An emergency management official said that six adults are still missing Wednesday. AboutMore >>
In Oklahoma, officials are now estimating the damage done by Monday's tornado to be around $2 billion.More >>
Wednesday, May 22 2013 6:58 PM EDT2013-05-22 22:58:20 GMT
(WMC-TV) - The Grizzlies game Saturday against the San Antonio Spurs is causing a headache for the Westin Hotel in downtown Memphis. The hotel is overbooked and people who have had reservations for monthsMore >>
The Grizzlies game Saturday against the San Antonio Spurs is causing a headache for the Westin Hotel in downtown Memphis. The hotel is overbooked and people who have had reservations for months are getting the boot.More >>
Wednesday, May 22 2013 6:33 PM EDT2013-05-22 22:33:33 GMT
(WMC-TV) - Memphis city leaders are scrambling to escape financial ruin after the state comptroller sent an unprecented letter, warning the city that it is on shaky ground. Behind the scenes, lawmakersMore >>
Memphis city leaders are scrambling to escape financial ruin after the state comptroller sent an unprecented letter, warning the city that it is on shaky ground.More >>
MEMPHIS, TN -
(WMC TV) - A Utah-based consumer advocate service that is the subject of a Better Business Bureau advertising review is mailing unsolicited offers for mortgage "audits."
Accelerated Equity & Development, Inc., aka. ACT Program, of Draper, UT, has mailed several of our viewers unsolicited notices. The notices say "...based on city and county records your loan as well as many other loans may have been overcharged or miscalculated several thousand dollars."
The notice advises them to call a toll-free number to consider an audit of their mortgage loans.
"What seems to be most common in the market are overcharges of fees," said Skyler Witman, one of the company's founders. "There's also miscredits to people's escrow accounts.
"Through access to public property records and deeds of trust, we track borrowers who either have variable interest rates, have balloon payments, have been in their homes for more than three years or whose loans have been recently sold. Those are the borrowers most likely to have mistakes or overcharges on their loans."
According to the company's website, www.consumerservicing.org, consumers must pay $99 up-front before receiving any of ACT's services.
If the audit finds evidence of an overcharge or miscalculation, Accelerated Equity & Development prepares an audit rebate form to present to your lender in order to request the refund.
If the audit does not find any mistakes, Witman said his company refunds the $99 fee.
"There are far more people out there who are not due the refund than are due the refund," he said. "That's why we have the program to give their money back.
"The most common benefit from our service is people really getting the peace of mind that their lender is servicing their mortgage accurately."
Since March, the Salt Lake City, UT, branch of the Better Business Bureau has been conducting an advertising review of Accelerated Equity & Development, Inc.
"It's a ploy to get people to call in and talk to somebody that's obviously going to be good at talking in sales terms," said Sam Goff, mortgage loan officer with Evolve Bank & Trust in Cordova, TN (www.getevolved.com).
"I would be leery of any offer that isn't coming from your current servicer or lender that purports to be able to do things for you," Goff added.
"All of the stuff going on with the BBB has had to do with their impression that we are a forensic mortgage auditing company," responded Witman, referring to companies with dubious connections to attorneys who offer fraudulent "foreclosure rescue" audits.
"We are not a forensic mortgage auditing company," he insisted. "We are a standard accounting company. We have responded to everything the BBB has asked for, giving them very detailed descriptions of it. Thus far, the BBB has not been able to realize the difference between a forensic auditing company and a standard accounting company."
The Federal Trade Commission (www.ftc.gov) advised these are the signs of a mortgage audit or "rescue" scam:
* guarantees to stop a foreclosure, no matter the circumstances
* instructs the borrower not to contact the lender, lawyer, or credit/housing counselor
* collects a fee before providing any services & insists on payment only by cashier's check or wire transfer
* encourages the borrower to lease the home so the borrower can buy it back over time
* recommends the borrower make mortgage payments directly to it instead of the lender
* urges a transfer of the property deed or title
* offers to buy the borrower's house for cash at a fixed price that is inappropriate for that housing market
* pressures the borrower to sign papers the borrower hasn't had a chance to read or understand
Homeowners with concerns about their mortgages should attempt to settle those concerns directly with their lenders.
The Memphis Housing Counseling Network offers free mortgage counseling services from HUD-approved counselors. The number is 901-725-8361.
Other resources include the Fair Housing Center of Memphis Area Legal Services (www.malsi.org) and the Memphis Consumer Credit Education Association (www.mccea.net).
Wednesday, May 22 2013 10:32 AM EDT2013-05-22 14:32:03 GMT
(WMC-TV) - It is a tiny pest with a big bite that can do major damage. One Germantown family said it only took one infected tick to change their entire lifestyle – something they have been dealing withMore >>
It is a tiny pest with a big bite that can do major damage.More >>
Wednesday, May 22 2013 4:46 PM EDT2013-05-22 20:46:13 GMT
(WMC-TV) - The man accused of killing a police officer walked out of jail a free man Wednesday afternoon. Action News 5's Nick Kenney was there as Timothy McKinney was released. McKinney was accused ofMore >>
The man who pleaded guilty to killing a police officer walked out of jail a free man Wednesday afternoon.More >>
Wednesday, May 22 2013 2:33 PM EDT2013-05-22 18:33:03 GMT
(WMC-TV) - The City of Memphis is saying "goodbye and good riddance" to blight. A derelict apartment complex, formerly called Park Place Apartments, sat vacant for four years breeding crime. It is nowMore >>
A derelict apartment complex, formerly called Park Place Apartments, sat vacant for four years breeding crime. It is now being demolished.More >>
Wednesday, May 22 2013 5:48 PM EDT2013-05-22 21:48:12 GMT
(WMC-TV) - More jobs are coming to Memphis and city leaders are rolling out the red carpet to celebrate. Kruger Products is a leading nationwide towel and tissue manufacturer. The company announced theyMore >>
A Canadian company announced that are adding hundreds of jobs to its North Memphis office. Kruger Products rolled out the red carpet Wednesday afternoon to celebrate the expansion.More >>
Wednesday, May 22 2013 12:48 PM EDT2013-05-22 16:48:44 GMT
(WMC-TV) - A Mid-South mom is convinced that one of her children was murdered. Frances Chambers has spent the past four years and a lot of money investigating the death of her son Demond. Police in herMore >>
A Mid-South mom is convinced that one of her children was murdered, despite the medical examiner's report. More >>
Wednesday, May 22 2013 6:10 PM EDT2013-05-22 22:10:09 GMT
(WMC-TV) - Wednesday is the very last day of school for students and also the last day of the Memphis City Schools system. Action News 5's Justin Hanson is speaking to longtime MCS teachers and volunteersMore >>
Wednesday is the very last day of school for students and also the last day of the Memphis City Schools system.More >>
Wednesday, May 22 2013 6:22 PM EDT2013-05-22 22:22:48 GMT
(WMC-TV) - The Memphis Police Department fired two of its officers Wednesday. Marc Henderson, 32, and Parker Culver, 29, were terminated for personal conduct and violate regulation. In February, thereMore >>
Marc Henderson, 32, and Parker Culver, 29, were terminated for personal conduct and aid to violate regulation.More >>
Wednesday, May 22 2013 6:21 PM EDT2013-05-22 22:21:12 GMT
(RNN) - British officials are saying one man is dead and two others were injured in a possible terrorist attack in London on Wednesday.According to BBC News, eyewitnesses said man was attacked in a streetMore >>
One man is dead after two men attacked him in broad daylight with knives and meat cleavers. More >>
Wednesday, May 22 2013 12:49 AM EDT2013-05-22 04:49:28 GMT
(WMC-TV) - A flood frustrated resident in a Southaven neighborhood called her backyard an ocean after severe weather Tuesday. Inside Louise Rinhart's home is not much better. "Carpet and I got hardwoodMore >>
A flood frustrated resident in a Southaven neighborhood called her backyard an ocean after severe weather Tuesday.More >>
Wednesday, May 22 2013 9:13 AM EDT2013-05-22 13:13:44 GMT
(WMC-TV) - Firefighters escorted several families from their flooded homes in Horn Lake after a rain-swollen creek rose beyond its banks Tuesday. The firefighters offered piggyback rides to children toMore >>
Firefighters escorted several families from their flooded homes in Horn Lake after a rain-swollen creek rose beyond its banks Tuesday.More >>