Thursday, June 02, 2005

More foreclosure 'Rescue' Scams

I came upon this article today, and let me tell you, it seems like whenever something has to do with money, nothing in this world is sacred. Knowing full well that with stagnating salaries, and rising real estate costs nationwide, one little shift in a homeowner’s life such as divorce or bankruptcy, etc, can lead to foreclosure. These scams range from simple to complex involving multiple parties teaming up effectively to scam the desperate homeowner into losing their homes completely. There are several anecdotal stories of specific scenarios of real estate foreclosure scams that you should take a look at. The most compelling in my opinion was the part that mentions that “the key is to get everything in writing, and keep talking to your lender and possibly a bankruptcy attorney, even if your friendly ‘salesman’ (scammer) insists you don’t.” This is useful knowledge folks, and may be something you want to pass around to your friends and family who may be facing financial difficulties or are even borderline on the foreclosure process. The most important thing at this juncture is to be proactive and talk to you lender and attorney.

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