"Rescue" scams come in many disguises. Some foreclosure-related scams to beware of: The scam artist (sometimes posing as an attorney) tells you that he/she can negotiate a deal with your lender to save your home – if you pay a fee. Once you pay, the scam artist takes off with your money.
Beware of Fraud Share This Mortgage fraud has become increasingly common across the country, particularly as it relates to foreclosure rescue and loan modification scams and short sale scams. There are many organizations that can help you when facing financial problems or foreclosure, but it is.
Beware of Mortgage Rescue Scams. If It’s Too Good to be True, It Probably Is. Printable version – PDF [En Espaol] High-Resolution PDF for Reprinting. To protect yourself from opportunity hunters and frauds: Contact your lender or mortgage loan servicer and try to negotiate a payment plan.
Scams related to mortgage and loans have increased tremendously in the recent years and perpetrators have played lots of criminal activities in this area. Scammers will pose as a leading home financier or reputed money lender and make fake calls to hundreds of people those who are in need of home or mortgage loans.
How to Beware of Reverse Mortgage Scams.. In a foreclosure rescue scam, the perpetrator will identify seniors who are at risk of losing their homes due to foreclosure. They will convince the senior to obtain a reverse mortgage to save the property but will then inform them that they don’t.
ReverseMortgageAlert.org does not offer reverse mortgages. reversemortgagealert.org is not a lender or a mortgage broker. ReverseMortgageAlert.org is a website that provides information about reverse mortgages and loans and does not offer loans or reverse mortgages directly or indirectly through any representatives or agents.
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Consumer Pamphlet: Mortgage Fraud. Note: This pamphlet is available online only. Table of Contents. Home equity scams Mortgage rescue fraud Choosing a loan Home equity do’s Home equity don’ts Reverse mortgages High-cost mortgage loans HOEPA For more information on mortgage fraud