Beware of Foreclosure Resue Scams

February 26th, 2008 • Related • Filed Under

Homeowners facing foreclosure are often desperate for a way out, but the agencies that claim they can save your home may not be able to help. Foreclosure filings topped 2 million in the United States last year — a 65 percent increase over the previous year.Mave Elise Brown of Housing and Economic Rights Advocates in California said innocence and desperation on the part of the homeowner can make them prime targets of such scam

Foreclosure rescue scams come in creative packages — the most popular are mortgage negotiation and title transfer.

The ploy in mortgage negotiation goes something like this — for a fee, a company can save your home from foreclosure by negotiating with your loan servicer.

The homeowner puts out over several hundred or thousand dollars and never sees the scammer again, and still loses their house.

See the rest of the KCRA.com story

There Is 1 Response So Far. »

  1. Comment by latonya.johnson@res8180.com on 22 June 2008:

    Not all organizations on the web are out to scam homeowners. It is my sincere desire to help other’s who are going through what I’ve already been through. Every story is different. It’s not always that poor and uneducated that fall into hard times. My situation was medical, and I lost EVERYTHING. Now I want to help others.

    My websites are:

    http://www.liveforeclosurehelponline.com
    http://www.foreclosure-er.com
    blog.liveforeclosurehelponline.org

    My philosophy is that there is no competition when your desires are sincere; and there are plenty of people who need to hear our stories.

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