Real Estate Scams – Foreclosure Fraud
Property owners who are having problems with their mortgage payments are approached by a person representing themselves as a mortgage consultant/foreclosure service. He then offers to help these homeowners and convince them to transfer the title or deed to them. They assure the owner that they can give credit at the same time asking that they pay the mortgage payments directly to them. In some cases, they will also try to collect a fee before they assist the homeowner, or worst they may obtain a second loan on the property, take the proceeds and leave forcing the resident to be evicted.