Foreclosure Rescue Scams figuring New heights in Hard Economy Season
Ever day scam comes up with new picture and with new victims. Mortgage Foreclosure scams is one of them which continues to rise and targeting millions .
Even in this hard economic times Foreclosure, scam artists missing no opportunity to master mind the every new way of crime .
Sometimes representing themselves as loan-modification agent ,consultant they try to hook the innocent in name of rescue or aid ,these scammers often turn around to be fraudsters ,coming unobtrusively stealing their homes whom they promise aid.
In latest development federal reserve board issued an nation wide consumer alert ,indicating fake
foreclosure avoidance programs can swindle consumers rapidly .Consumers should be an aware citizen, should know that housing counselors and other resources are available at no or low cost to assist homeowners who have fallen behind on their mortgage payments.
Scam artists use various defrauding tactics to reach consumers who are the latest victims of foreclosure .They are very clever and go hi tech using internet and mailing services , sometimes they can also sue the victims by telephone and text message .
Mostly they are smart enough to target by door to door tactics .Even they don’t miss any chance to approach the consumers at events related to home rescue etc.
Apart from this Fed has issued consumer guidelines to spot foreclosure avoidance scams.
-Work only with a nonprofit HUD-approved counselor. For a list of certified counselors go online to www.hud.gov/offices/hsg/sfh/hcc/hcs.cfmor call 877-483-1515.
-Consumers should verify certificates of counselors and strictly avoid working with someone who collects a fee before providing any services or accepts payment only by cashier’s check or wire transfer.
Contact Homeownership Preservation Foundation, a nonprofit agency that offers personal assistance to help home owners avoid foreclosure.
Avoid Guarantee scheme If consumers feel they are the victims of foreclosure fraud , they File compliant to Federal Trade Commission.
Source : news-journalonline.com
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