Foreclosure Scams

Beware of Foreclosure investing and buying scams

Over the many years, I've come across some of the nastiest foreclosure investor scams.
Now, more than ever, the foreclosure investor as well as the homeowner in financial trouble needs to be aware of such scams.

Here is a very interesting article by Christi Lundquist that addresses some of the biggest foreclosure scams and how to avoid them. You can read the article here

I've included a short snippet of her article and strongly recommend reading the entire post on her blog.

Here are some signs that one should proceed with caution,
or even question the transaction. These can help protect
consumers from fraudulent transactions, and help loan
officers and mortgage professionals learn to recognize
fraud, and even help to educate customers in the event
that they need help in the future. Use extreme caution if
you are asked by an individual or a company to do any of
the following: (This advice comes from the U.S. Trustee
Program of the Federal Department of Justice for homeowners
facing foreclosure or having trouble paying their mortgage)

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