Burt Ross, former mayor of Fort Lee, N.J., lost roughly $5 million in the Bernard Madoff fraud that swindled billions of dollars from investors. National mortgage expert Joe Gross gets a first-hand account of the story everyone is talking about on his weekly radio show.

Teaneck, NJ -- (ReleaseWire) -- 01/22/2009 -- National mortgage expert Joe Gross hosts a victim of the Bernard Madoff scheme on his weekly radio show 'Your Home, Your Future,' on Thursday (Jan. 22) on WVNJ 1160 AM at 1 p.m. Burt Ross, former mayor of Fort Lee, N.J., shares his story on how he was swindled out of roughly $5 million. Listeners in northern New Jersey, Rockland and Westchester Counties, parts of New York City, Long Island, and Connecticut can tune in for a special one-and-a-half-hour show on 1160 AM WVNJ or anyone can listen live on the Web at http://www.YourHomeYourFutureRadioShow.com.

"I want to talk to people about the lessons we have learned from this," said Mr. Gross, president of Qualified Mortgage Inc. "The main lesson is if it's too good to be true, it usually is."

Mr. Madoff's Ponzi scheme may be the largest investor fraud ever committed by one person with an estimated $50 billion dollars lost in securities fraud. New victims come forward every day, including actor Kevin Bacon, wife Kyra Sedgwick, and actor John Malkovich. However, the list does not end there. Mr. Madoff duped dozens of banks, which had hundreds of customers investing billions of dollars.

Burt Ross wants to tell his story to provide support for other Madoff victims. He amassed a property portfolio of 13 commercial buildings. After he sold 11 of the buildings by 2005, he invested most of the proceeds with Mr. Madoff, who in turn made off with about $5 million.

Mr. Ross said he hopes he will not have to move out of the Victorian home where he has lived for 33 years. He was depending on his investment with Mr. Madoff to cover his $50,000 a year in taxes and expenses related to the house.

"Madoff is the perfect example of a person you trusted. People trusted him with billions of dollars," Mr. Gross said. "But you have to realize, if everyone is losing money in this economy there is no way someone can be making 10 to 12 percent."

Mr. Gross has worked in the mortgage industry for over 10 years and specializes in helping people get out of debt and establishing monthly budgets. His shows have focused on teaching and giving tips on dealing with debt, investments, mortgages and how to survive in this mortgage market collapse. Mr. Gross does not want to see others fall into the same hazards as the Madoff victims, which is why his usual 30-minute show will be a one hour special on Thursday, January 22, 2009.

About Joe Gross:
Joe Gross is the president of Qualified Mortgage Inc., and author of "How the Greed of Wall Street and Your Mortgage Lender Are Destroying America's Credit." After listening to horror stories about homeowners stuck in the mortgage crisis, Mr. Gross wrote the book to explain subprime mortgages and tell consumers how they can protect themselves.

Joe Gross is available for interviews and welcomes your mortgage-related questions. He can be reached at 800-653-2684 or at http://www.thenationalmortgageexpert.com

For more information on this press release visit: http://www.releasewire.com/press-releases/victim-of-madoff-scheme-a-former-mayor-in-new-jersey-interviewed-on-weekly-radio-show-24837.htm

"How The Greed Of Wall Street And Your Mortgage Lender Are Destroying America's Credit" is a new book just published by National Mortgage Expert Joe Gross, Host Of America's #1 Mortgage Talk Show "Your Home - Your Future" on 1160 WVNJ Thursdays at 2 p.m.

Teaneck, NJ -- (ReleaseWire) -- 09/19/2008 -- America's attention has been focused this week on the collapse of Wall Street. Major firms have reported losses while some have become non existent. The nation is asking tough questions. Who is destroying America's credit? Why did the mortgage and financial markets collapse? Every consumer wants to know how to avoid getting caught in the middle.

In his new book "How The Greed Of Wall Street And Your Mortgage Lender Are Destroying America's Credit", National Mortgage Expert Joe Gross, gives a full detailed history of the hows and whys of America's Financial Crisis. "In an attempt to cut out the middleman and avoid the costs of lenders fees, Wall Street acquired these subprime mortgage companies," says Joe Gross, "Their greed has cost America its credit." Presidential candidate, Senator John McCain, has echoed this sentiment recently he said, "In an endless quest for easy money they dreamed up investment schemes that they themselves don't even understand".

Joe Gross has been in the mortgage business for over 10 years and has helped thousands of people. He never dreamed it would come to the point where thousands of American homeowners would lose their homes they worked so hard to obtain.

Everyday Joe listens to new horror stories that just break his heart. After hearing so many sad stories Joe decided to do something about it. The question was what could Joe do? Refinancing someone to a new loan might help some people but most of the people that are in trouble can't even qualify for a loan these days. Gross decided to write about this greed of Wall Street and the whole subprime mess. More importantly he wanted to guide people how to get the right help to survive the mortgage market collapse.

"The reason I felt that it was important to write how we ended up in this situation, how this whole thing came about and who are the guilty parties" says Gross, "was that people need to understand how we got here and how to better protect themselves and prevent this from happening again.

The second half of Gross' book discloses all the secrets consumers need to know to protect their home and their future. Gross believes, by knowing all the tricks and scams that are out there each consumer will be able to outsmart those that want to rip them off or take advantage of their situation.

The 4 most important lessons this book teaches consumers are:

• How To Protect Themselves From Unscrupulous Lenders
• How To Prevent Foreclosure
• How To Avoid Being Scammed
• How To Budget Themselves Going Forward

This book will give the consumer valuable advice and it will spill the beans and expose the greed of Wall Street and all the guilty parties that created this mess in the first place. This book is currently available on http://www.thenationalmortgageexpert.com for $29.95

Joe is available for interviews and welcomes your mortgage-related questions. He can be reached at 800-653-2684 or at http://www.thenationalmortgageexpert.com

Media Contact: Please contact Theresa Consoli with any questions or interview requests at 800-653-2684
Fax: 201-837-1128
theresa.consoli@qualifiedmortgage.com
Qualified Mortgage Inc.
1086 Teaneck Road
Teaneck, NJ 07666

For more information on this press release visit: http://www.releasewire.com/press-releases/wall-street-destroying-americas-credit-and-the-mortgage-market-21716.htm