30 May 2007 06:41 am
Foreclosure rescue scams on the rise
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Are the usual suspects returning to [tag]mortgage-related scams[/tag] as a result of the [tag]subprime lending fallout[/tag]? Does the practice of illegal “[tag]foreclosure rescue”[/tag] operations extend even into the second-home market? It always seems that when a large group of consumers are in trouble with their home finances, bad guys are around to help the unsuspecting homeowner dig their hole a little deeper. The latest attempt at the age-old practice of equity skimming is foreclosure rescue where scammers peruse county records to find properties that are facing foreclosure for nonpayment of mortgages or taxes. |
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