Foreclosure Scams

Posted by on December 1st, 2008 at 03:49pm

FOLIO: Magazine Publishing Industry News, Career, Feature & Information Resource wrote an interesting post today on
Here’s a quick excerpt
The increase in foreclosures has resulted, predictably, in a surge in the number of scamsters pretending to want to help homeowners in need. Here are some of the scams to be aware of: The Bailout: The homeowner is led to believe that by signing over title to the house he or she can remain as a renter and buy the house back over time. The terms of the buyback are impossible to meet and the homeowner loses possession. The scam artist ends up with the property.   Equity Skimming: A “buyer” appro

Read the rest of this great post here

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