Along The Same Lines As My Previous Post...
Since my home has been in foreclosure status, I have been contacted by a firm called "Redwood Trust". They state that they can get grants to pay off mortgages free and clear...for...5,000 on the back end.
Has anyone heard of this? They ask for me to sign Power of Attorney papers, give them mortgage information and other information that I don't know if I want to give them.
Is this valid? Isn't it a fact that nothing in life is free? Where's the catch? Any advice or opinions are welcome! 
From what I can tell, Redwood Trust is a Multi-Level Marketing (MLM) business founded by one Kenneth Titus.
My research led me to an interesting web site where these people actually believe that banks don't really make loans...they only make exchanges. That is, because they "deposit" a note with your signature, then that note is equivalent to cash...your signature on the note is an even exchange for the money they "loan" you. Because this is an even exchange, the bank has already been paid and you need to pay nothing. Freaky!!
To apply, you must go to a certain web site and fill out their online form. You then print out the form and mail it in. Catch...you are forbidden to mail in the form by United States Postal Service (FedEx, UPS, etc. are okay). RED FLAG! Smells like someone trying to avoid future mail fraud charges.
These people are probably loosely related (or overflow) from the semi-popular crowd last decade that believed that no one is truly required to pay the government income tax.
Do not walk...RUN from this!!
Here are a few links in the interest of education...
Here is a link to the website registration information -- http://www.whois.com/nonssl/WhoisLookup.aspx?dnl=redwoodtrust.net
Here is a link to someone who reveals quite a bit about the program -- http://www.matthes.freeservers.com/custom2.html (be sure to also click on the "How and Why" and "TRUTH AS I SEE IT" links on the left hand side...it'll blow your mind).
I'm gonna call it like I see it...yet another debt elimination scam, er scheme. The chatter out there is that many downline affiliates are anxious to begin (yes, the program isn't even operational yet), but the founder (Titus) is just running them around in circles.
Thank you for the information. It seems that you and I agree completely on this program being some kind of scam, but, here is the web site for them.
https://netmynet.net/faq.cfm
You can see there some of the forms that one needs to fill out in order to this.
I am thinking of contacting FHA and questioning them on whether they are aware that this type of "program" is out there.
Unfortunatly, my Dad works with one of their "representative" who not only is trying to take advantage of my situation, but his want of no mortgage payments as well. And who wouldn't want to be free of it. True. However, there are no "free rides" so someone is pulling the wagon somewhere.
Thanks again for the email, and I will run and not walk but not without trying to contact the proper people to make them aware of this scam and how it preys on people that are uninformed, scared, and are in a stressful circumstance.
I thank it would be more wise to work on the major issue that you are facing now and not spend your time chasing a company that you believe is a scam.
Why not try one of the following with your lender.
Special Forbearance
Loan Modification
Partial Claim
Pre-Foreclosure Sale (Short Sale)
Deed in Lieu of Foreclosure
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