Just because the economy seems to be bouncing back doesn’t necessarily mean American families are out of the woods when it comes to their mortgages. Many struggling families found themselves the victims of foreclosure rescue scams. For these families, the pain and struggle of being taken advantage of doesn’t end when the economy struggle does.
For families that have found themselves victim of foreclosure scams, the initial draw was the promise of stopping foreclosure efforts while allowing them to stay in their homes. Unfortunately, these scam artists don’t care about the American family. Their main drive was not stopping foreclosure, but continuing profits for themselves.
While these foreclosure scams vary in nature and operation, their mission is simple. They promise homeowners protection from foreclosure while taking payment on services that they never plan to deliver. In some cases, these foreclosure scam artists have even stole the equity or ownership of their clients’ homes.
While there are several tell tale signs that a homeowner is being taken for a ride, the only sure fire way of identifying a scam is to discuss it with a skilled foreclosure attorney. With their help and knowledge of the law, identifying a foreclosure scam may be easier than going it alone. At any given time, there are numerous fraudulent scams artists whose mission it is to take advantage of the American homeowner. It is near impossible for the average person to know all the different types of scams that are currently being played. For help identifying if you have been the victim of a foreclosure scam, an experienced foreclosure attorney can help.