Foreclosure scams
Beware of anyone who…
- Demands upfront fees
- Guarantees to stop your foreclosure
- Asks for payment by wire or cashier’s check
- Tells you not to contact a lawyer or your lender
- Asks you to send mortgage payments directly to them
- Proposes you sign over or “share” your property deed or title
- Suggests a lease-and-buyback arrangement
- Proposes that he or she fill out paperwork for you
- Pressures you to sign documents without reading or that you do not understand
- Requests Power of Attorney
For more information: www.ftc.gov/bcp/menus/consumer/credit.shtm. Click on “Mortgages/Real Estate,” then “Foreclosure Rescue Scams.”
Source: Federal Trade Commission
