Articles
Avoiding foreclosure rescue scams
Don't be the next victim to lose your house to "consultants" who claims they will pay your mortgage. More than 1 million borrowers have seen their homes put in foreclosure so far this year. And with more foreclosures, "foreclosure rescue" scams are also on the rise.
(CNN) [Read More]
Foreclosure fallout: Rescue scams
Scammers are taking advantage of mortgage holders at their most vulnerable - when they're about to lose their homes. Jennifer Falke and her family had been in their Columbus, Ohio, home for nearly 12 years when they hit a rough patch in 2006. Falke was out of work and fell behind on the mortgage.
(CNN) [Read More]
Mortgage Foreclosure Scams on the Rise, Warns the BBB
Across the U.S., homeowners facing mortgage foreclosure are being scammed by foreclosure “rescue” companies promising to save their house but that only take their money. In light of this emerging trend, the Better Business Bureau (BBB) warns that gloomy forecasts for the housing and financial markets means that increasingly more people could fall prey to mortgage foreclosure scams in the coming months and years.
(BBB) [Read More]
Foreclosure scams
You see the DayGlo signs everywhere these days: We buy houses! Cash for your home! Fast refi now! Chances are, you mentally filed these come-ons under good old-fashioned American entrepreneurship in action. Maybe you even think kindly toward companies that would offer a hand to debt-ridden homeowners on the brink of foreclosure.
(Bankrate.com) [Read More]
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