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Beware of Foreclosure Scams!
By marionduffy | April 7, 2009
It is already bad enough to have suffer through the heartache and stress of the foreclosure process and the possibility of losing your home. But to be the victim of a scam that takes advantage of you makes it even worse.
The increase in the number of foreclosures has also increased the number of predators preying on vulnerable homeowners. These unscrupulous people try to convince desperate homeowners that they can rescue them from foreclosure.
The California Association of REALTORS has provided member REALTORS with a document for us to share with consumers regarding foreclosure rescue scams. It provides some of the warning signs and red flags of a foreclosure scam as well as some resources for homeowners who are already victims of such scams. Click on Foreclosure Rescue Scams below.
I must add that there are a number of very ethical professionals who are seriously trying to help homeowners facing foreclosures. But, just like everything else, beware of the scam artist.
Topics: Foreclosures, Selling a house, Distressed Properties, Short Sales, Loan approval |