BEWARE of Foreclosure Rescue Scams! by Sybille Saint-Leger

The Federal Trade Commission (FTC) released an updated newsletter this month regarding mortgage assistance relief scams. Fraudsters use a variety of tactics to find homeowners in distress. Some sift through public foreclosure notices in newspapers and on the internet or through public files at local government offices, and then send personalized letters to homeowners. Others take a broader approach through ads on the internet, on television or radio, or in newspapers; posters on telephone poles, median strips, and at bus stops; or flyers, business cards, or people at your front door. The scam artists use simple - but potentially deceptive - messages, like: "Stop foreclosure now!"... Once they have your attention, they use a variety of tactics to get your money. By knowing how their scams work, the FTC says you'll be better able to defend yourself against fraud.

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Howto & Style

Tags:

• real
• estate
• fraud
• scams
• loan
• mortgage
• modification
• foreclosure
• sybille
• saint
• leger