Foreclosure Fraud Alert – Fraudblog

An increase in mortgage delinquencies is usually accompanied by a rise in foreclosures rescue scams.   The prospect of losing your own home and damaging your credit score is sufficient to scare anyone, but whenever you add the additional threat of being duped out of your laborious-earned cash by an unscrupulous scam artist, it is simple [...]

There are many rogue foreclosure rescue consultants out there that approach distressed homeowners, in danger of losing their homes to foreclosure, with promises that only they can save their homes from foreclosure.  This is totally false.  These are promises that cannot be made and in fact are illegal in many states.
Also, many of these foreclosure [...]

In previous posts we have discussed that if you are behind on your home loan payments you should never pay an upfront fee to a foreclosure rescuer because of the risk of being coming a foreclosure fraud victim.  To avoid foreclosure scams this is true.  The only exception to this rule is if you are [...]

Now here’s a type of foreclosure scam that I was not aware of even though the information from the BBB is dated in 2003.  In a bankruptcy scam, the foreclosure fraudster convinces distressed homeowners to pay them a fee to resolve their problems with their lenders or to assist them in bankruptcy proceedings. But then [...]

Some Foreclosure Rescuers Only Look Attractive
Avoid Foreclosure Fraud
There is one major business that is successful these days and that is the foreclosure business.  With all of the foreclosures going on this business is growing like rapid fire.  There are many people who are advantage of this as an opportunity to make some money.
Some of these [...]